An optimized device‐to‐device (D2D) blockchain network for the insurance industry

Abstract

SummaryBlockchain, a popular technology, remains the decentralized data management framework approved for use by many industries. The application to the insurance industry needs to offer mobility using the wireless network. The wireless network has many limitations to overcome. This paper focuses on such problems and introduces three levels of a solution to the problem. The first level is resolved using the edge computers as storage at the agencies and the partners. The second level of economic operation is solved by introducing a D2D network solution. The third level of high transactions over the network is considered using a two‐stage optimization method. The introduced optimization algorithms are simulated, and results are compared with a classical step‐by‐step calculation method that is not feasible under real‐time application. The optimization methods successfully determine the maximum channel rate with the interferences influencing the operation of such a system.