An On-Board Equipment and Blockchain-Based Automobile Insurance and Maintenance Platform
Journal
Lecture Notes in Networks and Systems
Journal Volume
159 LNNS
Pages
223-232
ISBN
9783030611071
Date Issued
2021-01-01
Author(s)
Abstract
This study provides a forward-looking usage-based automobile blockchain platform on the Internet of Vehicles network, describing the possible stakeholders, services, and their interaction modes. Most existing UBI (Usage-Based Insurance) products use the drivers’ driving distance, driving time, or driving area as premium calculating standard. If driving data are recorded on the blockchain to take usage-based automobile insurance, it could bring more additional services such as automatic claiming, improvement of traffic adjudication’s quality, and preventive maintenance. The feasibility of this platform will discuss the configuration of the blockchain and related management or privacy issues to explain how this research can improve the existing limitation of usage-based automobile insurance.
Subjects
Blockchain | Internet of vehicles | UBI (Usage-Based Insurance) | Usage-based automobile insurance
Description
15th International Conference on Broadband and Wireless Computing, Communication and Applications, BWCCA 2020, held in conjunction with the 15th International Conference on P2P, Parallel, Grid, Cloud and Internet Computing, 3PGCIC 2020, Yonago, from 28 October 2020 to 30 October 2020
Type
conference paper