Smart Contract Framework for Car Insurance in Indonesia
Process in the insurance are often complicated and expensive. The purpose is to model the blockchain based smart contracts specifically for the car insurance industry. the term contract is being used for ages and smart contracts for years, but still smart contract has the tendency to urge the observer take a diversion from understanding this concept. Smart contract bears a large potential to simplify this process and thereby reduce cost. However, the involves party can resort to establish the process at any time, trade off cost efficiency against process reliability. Through various tools were proposed to detect vulnerable smart contracts, they all fail to protect contracts that have already been deployed on the blockchain.