Designing A Permissioned Blockchain Network For The Insurance Claim Process Using Hyperledger Fabric And Composer

This research aims to examine the benefits of blockchain technology (BCT) in vehicle insurance process. The article addresses a number offered by BCT, including automating identity verification and doing away with need for numerous parties manually certify legitimacy transactions. India's financial business networks can be anticipated change accounting process different extreme introduction BCT. Unfortunately, they are having some difficulties implementing acclimating this modern technology. Here is solution, may help us solve existing problem. Insurance firms car owners benefit from since it effectively open up communication channels, encourage industry integration, improve provider’s ability access record. Using banking operations will more efficient, quicker, less expensive because removal middlemen. Decentralization, transparency, secure transactions main advantages.