Ensurify

Inspiration

Lots of Frauds in crop Insurance schemes of government due to opacity in many sectors like land property details, crop sowing certificates, delay in claim settlements and disbursement, etc. Frauds happen from both sides, i.e. farmers and insurance companies all can do some fraud to benefit themselves. Farmers take multiple insurances for same crop, show large area of cultivation etc. to get extra benefits while insurance companies makes a lot of delay in claim disbursement and many times reject them. The government can't keep track of all this and hence these frauds happen.

What it does

We provide a blockchain based authentic, transparent and feasible solution to this problem. Our blockchain saves transactions which include land purchase, issuing of crop sowing certificate, purchasing crop insurance, claiming the insurance and disbursement of it. This helps in preventing a lot of frauds done by farmers and also help government to track the insurance claim status of farmers and when they are disbursed.

How I built it

We used blockchain technology using Ethereum and smart contracts. We saved the transactions in blockchain and user details in sql database. Whenever a transaction has to happen, it happens based on certain conditions, so it ensures that the requirements for the transaction are satisfied before it can happen.

Challenges I ran into

Since the problem was little complex, it was little challenging to design the solution for the problem.

Accomplishments that I'm proud of

We successfully created and tested our solution using ethereum.

What I learned

The challenging issues government faces when deploying crop insurance schemes. Their ability to untrack the system. So we are happy that we designed a solution for that.