Blockchain Technology in Automobile Insurance Claim Systems Research

Recently, academics and industries are increasingly paying attention to blockchain technology because it is used to improve traditional companies. Insurance company is one type of the traditional and inflexible companies. Its operation is not transparent, based on paper contracts, relying on human intervention and other characteristics resulting in low efficiency. The transparency, tamper-proof, decentralization and other advantages of blockchain-based Internet of Things and smart contract technology enable people to improve the traditional processes and structures of the insurance industry. This paper summarizes the application of block chain technology in the auto insurance claim systems. By comparing the implementations of various systems, the existing achievements and their advantages and disadvantages are described. In addition, this paper prospects the key directions of future research on the implementation of blockchain.