Angelin Florence A, Narendra Choudhary, Sarvesh Rane, R. Kothari, Himanshu Chavan
{"title":"A Decentralized Flight Insurance Smart Contract Application using Blockchain","authors":"Angelin Florence A, Narendra Choudhary, Sarvesh Rane, R. Kothari, Himanshu Chavan","doi":"10.1109/ICSMDI57622.2023.00050","DOIUrl":null,"url":null,"abstract":"Flight insurance has always been an element of air travel because the aviation sector has always been vulnerable to risks and uncertainties. There is a chance to upgrade aviation insurance processes and make them more secure, transparent, and effective with the development of blockchain technology. In this paper, potential of blockchain technology in flight industry is explored, including its advantages and challenges, and how it can be applied to create a decentralized and secure system for flight insurance. The application will allow users to purchase Insurance on the go and will make claim procedures hassle-free with less documentation. The service can be accessible to users by visiting the website.","PeriodicalId":373017,"journal":{"name":"2023 3rd International Conference on Smart Data Intelligence (ICSMDI)","volume":"26 8","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2023 3rd International Conference on Smart Data Intelligence (ICSMDI)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ICSMDI57622.2023.00050","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
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Abstract
Flight insurance has always been an element of air travel because the aviation sector has always been vulnerable to risks and uncertainties. There is a chance to upgrade aviation insurance processes and make them more secure, transparent, and effective with the development of blockchain technology. In this paper, potential of blockchain technology in flight industry is explored, including its advantages and challenges, and how it can be applied to create a decentralized and secure system for flight insurance. The application will allow users to purchase Insurance on the go and will make claim procedures hassle-free with less documentation. The service can be accessible to users by visiting the website.
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