The use of parametric insurance is promising as its payouts can be directly tied to hazard indicators and thus provide a fast-tracked claim-to-payout process, which improves liquidity in times of disaster. In parametric insurance, policies are determined by a loss threshold (modelled or sustained) or physical hazard severity (e.g., rainfall or wind speed). In the latter, when the severity of the hazard exceeds a threshold, a payout is automatically triggered according to the insurance contract terms to compensate the policyholder without needing a loss assessment. Recently, blockchains have been proposed to improve the efficiency of insurance product offerings (e.g., to cut administrative costs associated with the premium collection and claim processing) and to efficiently store and maintain information (e.g., immutable distributed storage for audits). While parametric insurance would certainly benefit from these blockchain implementations, existing proposals mostly depend on a single source of truth for payout calculations. In this paper, we present a novel trust-based framework to handle multiple sources of truth in parametric insurance products which use blockchain technology. This framework alleviates the reliance on a single point of failure (either through accidents or malicious abuses) and outperforms its statistical counterparts. We discuss how parametric insurance would work under such a framework using real-world use-case scenarios, show the use of subjective logic to reason about multiple sources of truth, present the architecture of the framework, and examine a detailed blockchain-based implementation using an Ethereum private blockchain. Our results show the feasibility of the proposed system in practice.

There has been considerable advancement in the use of blockchain for trust management in large-scale dynamic systems. In such systems, blockchain is mainly used to store the trust score or trust-related information of interactions among the various entities. However, present trust management archi-tectures using blockchain lack verifiable interactions among the entities on which the trust score is calculated. In this paper, we propose a blockchain-based trust management framework that allows independent trust providers to implement different trust metrics on a common set of trust evidence and provide individual trust value. We employ geo-location as proof of interaction. Some of the existing proposals rely upon geo-location data, but they do not support trust calculation by multiple trust providers. Instead, they can only support a centralised system. Our proposed architecture does not depend upon a single centralised third-party entity to ensure trusted interactions. Our architecture is supported by provable interactions that can easily be verified using blockchain. Therefore, it allows a high degree of confidence in trust management by ensuring the actual interactions between the entities. We provide a detailed design and development of the architecture using real-world use case examples. The proof of prototype was implemented on the Ethereum blockchain platform. Experimental results demonstrate that the employment of independent trust providers adequately provides a high degree of trust scores and that the proposed architecture can be used in a real-world environment.

The construction industry has stayed behind the curve in regards to adoption and integration of new technologies. This is emphasised with the rise of the Internet of Things (IoT) and its ability to create digital environments. The industry is now beginning to integrate IoT devices and digitalise its manual processes. This research project focuses on how blockchain along with IoT devices can be used to reduce uncertainty in data coming from a construction site. The design of a framework to store, process and share this data effectively with all relevant stakeholders in a construction project is also discussed.

With the advancement of the Internet of Things (IoT) in recent years, there is a bigger potential to use online services than ever before. The use of the IoT brings numerous opportunities for both service providers and end users, however, it faces critical questions of security and privacy. Toward this, access control is one of the significant security challenges for the IoT, in particular, considering the characteristics of such IoT systems. To develop a secure access control architecture for the IoT, the propagation of access right delegation is a major issue. Many proposals present access control issues for the IoT but given the specific context of access right delegation, it is still in its infancy. This article presents an approach to address such a delegation issue for the IoT using the blockchain technology. We propose a delegation model that employv the critical issues, e.g., the use of nonunique identities, asynchronous and flexible delegation nature of communication for the IoT without the need of a centralized system. The goal of our primitive is to use attributes for validating the identity of an entity instead of relying on a concrete unique identity of an entity. To provide privacy for the attributes, we propose a dual blockchain architecture that moves the attribute storage and access of the public blockchain and onto a secure private blockchain. To demonstrate the feasibility of our proposed approach, we evaluate the system performances using the Ethereum blockchain network.

The Internet of things (IoT) presents new opportunities and challenges due to its scale and dynamic nature. One significant challenge for the IoT is the need for security, in particular access control solutions, that are designed to meet the characteristics of these systems. Delegation of rights, from one entity to another, is a crucial component of an access control system. The IoT requires a secure, flexible, and fine-grained delegation model. While there has been considerable work in the area of delegation, much of it assumes a centralized, well-resourced system and these solutions have limited capacity in the context of the IoT. Where delegation models for the IoT have been proposed they typically provide only coarse-grained control over the delegation of rights. Moreover, many of them require a centralized trusted authority, which can suffer from a single-point failure and is not an ideal base for a large and dynamic system like the IoT. In this paper, we propose an identity-less, asynchronous, and decentralized delegation model for the IoT based on blockchain technology. We describe system components, architecture, and key aspects related to the security of the system. We use attributes to validate an entity rather than depending upon unique identities. We demonstrate the feasibility of our model through use-case examples and analyze the performance with a proof of concept testbed implementation using Ethereum private blockchain.