Nowadays smart contracts apply in management, bank system, insurance, estate, IoT and
others, because they perform credible and trackable irreversible transactions without third
parties. The paper presents a solution for creation of a smart contract based on Permission
Blockchain, in particular Hyperledger Fabric. The tests are presented with Hyperledger
Explorer for Fabric 1.4. x under Linux Ubuntu.

Blockchain technology has been evolved into many applications, such as banking, financial
markets, accounting and supply chains. The insurance business is other huge economics
sector, where the Blockchain solutions minimize time to process claims for losses and the
operational costs. The main advantages of Blockchain technology are process identification,
transaction security and speed of payment. The paper presents an implementation of smart
contracts for insurance services, based on Hyperledger Fabric Blockchain. The experimental …