There are two types of important data on the CrossPay blockchain for insurance provision – (1)...

There are two types of important data on the CrossPay blockchain for insurance provision – (1) the data stored on the tag, and (2) the insurance policy for the livestock. Explain what data should be stored on the tag and the insurance policy, respectively. Identify the desirable security properties for (1) data stored on the tag, and (2) insurance policy based on the five security objectives. State your reasons.

Expert Solution

Blockchain manages complex networks by device communication on a peer to peer basis.

Insurers offers consumers’ options as well as limits for data inclusion through these mobile devices.It is featured by functionalities and integrated data. Insurers gain flexibility in moving capital and capital requirements for compliance.

Thus insurance policy of livestock which is more real time is good to be stored in the blockchain.

keosha answered 2 years ago

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