Auto Insurance Application using Blockchain technology
Auto insurance application is web-based application, using Ethereum Smart contract blockchain technology.The purpose for software is digitized the process of claim auto insurance to some extent, early done manually. And, secure data alteration and security by blockchain technology so that reduced th
2025-06-28 16:30:20 - Adil Khan
Auto Insurance Application using Blockchain technology
Project Area of Specialization BlockchainProject SummaryAuto insurance application is web-based application, using Ethereum Smart contract blockchain technology.The purpose for software is digitized the process of claim auto insurance to some extent, early done manually. And, secure data alteration and security by blockchain technology so that reduced the minimum frauds in auto insurance industry. It is useful for any person who has insurance their car. It is web – based application used blockchain for data protection and security.
Project ObjectivesThe application main objective is to digitize hectic process of claiming policy of auto insurance if any accident occurs, which led wastage of time and money to manually go to insurance company, fill form for file claim and then insurance get a claim. The main role of blockchain technology is to increase its data security so that data can’t be compromised. This application helps to claim its insurance online and eliminate to some extent, the manual process of traditional claim process of insurance company. If we will use blockchain technology on distributed ledger, we will be able to reduce false claims like if someone claim for one issue to two insurance companies.
Project Implementation MethodWe follow agile adaptive model for this project we repeat each phase cycle in an iteration.
1. Data Security, no leak or loss of data, only you can edit your data.
2. Fast online transactions
3. Can reduce frauds
Technical Details of Final DeliverableThere are four deliberables are stated are:
| Deliverables |
| Non Insurance Taker |
| Insurance Taker |
| Company |
| Claim Agent |
TECHNICAL DETAILS:
1. Non-Insurance taker:
This is important module in which non insurance taker check packages before registration.
2. Insurance taker:
This is essential module in which insurance taker claims in case of any problem, insert data. He should be able to see all his previous claims
3. Claim Dealer:
This is essential module in which claim dealer deals with the registered claims by the insurance takers.
4. Company:
This is essential module in which company add new insurance taker after clarifying. He also can ban anybody in case of any breaking of rules.
Deliverables
Non Insurance Taker
Insurance Taker
Company
Claim Agent
Final Deliverable of the Project Software SystemCore Industry FinanceOther Industries IT Core Technology BlockchainOther Technologies BlockchainSustainable Development Goals Decent Work and Economic GrowthRequired Resources| Elapsed time in (days or weeks or month or quarter) since start of the project | Milestone | Deliverable |
|---|---|---|
| Month 1 | 1. Project Ideas and finalization 2. Project Representation | All Four Deliverables |
| Month 2 | 3. Project Planning4. Project Requirement | All Four Deliverables |
| Month 3 | 5. Analysis | All Four Deliverables |
| Month 4 | 6. Designs and Diagrams | All Four Deliverables |
| Month 5 | 7. Development and Testing | Company |
| Month 6 | 7. Development and Testing | Claim Agent |
| Month 7 | 7. Development and Testing | Insurance Taker |
| Month 8 | 7. Development and Testing | Non Insurance Taker |
| Month 9 | 7. Development and Testing | Non Insurance Taker |
| Month 10 | 8. Submission | All Four Deliverables |