Researchers from Chinese University of Hong Kong Detail Research in Agricultural Insurance (Blockchain Enabled Credibility Applications: Extant Issues, Frameworks and Cases): Agriculture – Agricultural Insurance

2022 MAY 16 (NewsRx) -- By a News Reporter-Staff News Editor at Agriculture Daily -- Fresh data on agricultural insurance are presented in a new report. According to news originating from Shenzhen, People’s Republic of China, by NewsRx editors, the research stated, “The credibility of information is known as a major cause of a wide range of issues, such as: altered product information in food supply chains; fake transactions on E-commerce platforms; lengthy claim settlement time in agricultural insurance; and costly borrowings in agricultural financing.”

Funders for this research include National Natural Science Foundation of China Funder DOI: 10.13039/501100001809 Award: 61902332 Shenzhen STIC Award: JCYJ20170818103636337; JCYJ20180508162604311; ZDSYS20170725140921348 National Key R and D Program of China Award: 2018YFC1603300.

Our news correspondents obtained a quote from the research from Chinese University of Hong Kong: “For a more specific example in food supply chains, end customers want to check the product information, but either doubt the authenticity of information, or simply do not have access to the information. The reason is that upstream suppliers and downstream retailers are often reluctant to share data, fearing privacy loss or business secret leakage. The consequence is that regulatory departments may face enormous challenges to identify accurate contamination sources, if there is scarce information or falsely recorded information at any stage of the food supply chain. In this paper, we focus on four common scenarios demanding information credibility in the agricultural supply chain: product traceability, E-commerce platforms, agricultural insurance, and agricultural financing.”

According to the news reporters, the research concluded: “We review some high-profile smart credibility applications with emphasis on how blockchain related technologies can provide the information credibility by examining extant issues and relevant frameworks.”

For more information on this research see: Blockchain Enabled Credibility Applications: Extant Issues, Frameworks and Cases. IEEE Access, 2022,10():45759-45771. (IEEE Access - http://ieeexplore.ieee.org/servlet/opac?punumber=6287639). The publisher for IEEE Access is IEEE.

A free version of this journal article is available at https://doi.org/10.1109/ACCESS.2022.3150306.

Our news editors report that more information may be obtained by contacting Qiqi Luo, School of Management and Economics, Chinese University of Hong Kong, Shenzhen, People’s Republic of China. Additional authors for this research include Ruizhi Liao, Jiawei Li, Xinyu Ye, Shanquan Chen.

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