Findings in Insurance Reported from Jawaharlal Nehru University (Flame: Trusted Fire Brigade Service and Insurance Claim System Using Blockchain for Enterprises): Insurance

NewsRx Policy and Law Daily

2023 SEP 22 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily -- Current study results on Insurance have been published. According to news reporting originating from New Delhi, India, by NewsRx correspondents, research stated, “Smart fire detection and insurance systems have gained considerable attention from researchers and industries. At the same time, automatic requests for fire brigade services to cure fire and instant claims settlement to defend insurance fraud are lacking in literatures.”

Our news editors obtained a quote from the research from Jawaharlal Nehru University, “We propose a trusted fire brigade service and insurance claim (FLAME) framework using blockchain for enterprises to provide immediate fire brigade services and prevent insurance frauds. A system model is presented to explain architecture, and overall functionality of FLAME using blockchain. Further, a sensing network and connectivity model is proposed to detect true fire and send an emergency service request to monitoring station. Smart contracts are designed to automate fire brigade service and insurance claim processes. A prototype of the FLAME is implemented on hyperledger besu blockchain using Istanbul Byzantine Fault Tolerance 2.0 consensus protocol.”

According to the news editors, the research concluded: “Simulation results show that latency and throughput of the FLAME are better compared to state-of-the-art models.”

This research has been peer-reviewed.

For more information on this research see: Flame: Trusted Fire Brigade Service and Insurance Claim System Using Blockchain for Enterprises. IEEE Transactions on Industrial Informatics, 2023;19(6):7517-7527. IEEE Transactions on Industrial Informatics can be contacted at: Ieee-inst Electrical Electronics Engineers Inc, 445 Hoes Lane, Piscataway, NJ 08855-4141, USA. (Institute of Electrical and Electronics Engineers - http://www.ieee.org/; IEEE Transactions on Industrial Informatics - http://ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=9424)

The news editors report that additional information may be obtained by contacting Sushil Kumar, Jawaharlal Nehru University, School of Computing & Systems Sciences, New Delhi 110067, India. Additional authors for this research include Bhawana, Upasana Dohare and Omprakash Kaiwartya.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1109/TII.2022.3212172. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.