Blockchain-based Data Management and Analytics for Micro-insurance Applications
Hoang Tam Vo, Lenin Mehedy, Mukesh Mohania, Ermyas Abebe · 2017
In this paper, we demonstrate a blockchain-based solution for transparently managing and analyzing data in a pay-as-you-go car insurance application. This application allows drivers who rarely use cars to only pay insurance premium for particular trips they would like to travel. One of the key challenges from database perspective is how to ensure all the data pertaining to the actual trip and premium payment made by the users are transparently recorded so that every party in the insurance contract including the driver, the insurance company, and the financial institution is confident that the data are tamper-proof and traceable.