International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Volume 8 Issue 3
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Blockchain Driven Agricultural Insurance System for Rapid Crop Loss Verification and Fair Compensation Distribution

Author(s) Mr. Ajith Kumar M, Prof. Angelin Rosy M
Country India
Abstract Agriculture is highly vulnerable to natural disasters and climatic uncertainties such as droughts, floods, cyclones, and pest attacks, which often result in severe crop losses and financial instability for farmers. Traditional crop insurance systems suffer from limitations including delayed claim settlements, lack of transparency, Manual verification processes, and high administrative overhead. To address these issues, this paper proposes payoutchain, a blockchain-based crop insurance pay-out system that integrates smart contracts and real-time weather verification for secure and automated insurance management. The proposed system connects farmers, insurance providers, weather data providers, and government regulators through a unified web platform developed using python, flask, mysql, bootstrap, and private blockchain technology. Smart contracts are utilized to automate stakeholder registration, policy management, claim validation, and payout disbursement processes. Real-time weather data collected from external APIs is used to validate crop damage claims and trigger automatic compensation during adverse climatic conditions. The decentralized architecture ensures transparency, security, immutability, and trust among stakeholders while minimizing fraudulent activities and operational delays. The system also incorporates sms and email notification services for efficient stakeholder communication. Experimental results demonstrate that the proposed framework improves claim processing efficiency, reduces Manual intervention, enhances transparency, and provides timely financial support to farmers.
Keywords Blockchain, Crop Insurance, Smart Contracts, Weather Verification, Agricultural Insurance, Claim Processing, Flask, Python, Decentralized System, PayoutChain.
Field Computer Applications
Published In Volume 8, Issue 3, May-June 2026
Published On 2026-05-15
DOI https://doi.org/10.36948/ijfmr.2026.v08i03.78573
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E-ISSN 2582-2160
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