Navigating Inclusive Waters: Blockchain-Based Insurance Services for Indonesian Fisherfolk through Multi-Stakeholder Approach

Fishermen often encounter occupational hazards and equipment damage in their pursuit of a marine bounty. To address these risks, the Ministry of Marine Affairs and Fisheries (KKP) collaborated with Jaminan Asuransi Indonesia (Jasindo) to provide Fishermen Insurance Premium Assistance (BPAN). However, the unequal distribution of insurance and fishermen's limited understanding of risk protection have hindered the widespread enrollment in BPAN. Thus, an inclusive program is needed to increase the number of registered fishermen to insurance and manifest an effective insurance service process. This qualitative descriptive study seeks to grasp the phenomenon of inadequate insurance distribution among fishermen in Indonesia. Data is gathered through documentary and literature reviews. The proposed solution is Netfisher, an inclusive blockchain-based insurance service program tailored for fishermen. Blockchain technology can integrate large volumes of data and decentralize it, minimizing the likelihood of fraud occurrences. Under this program, KKP will collaborate with Jasindo to expand insurance coverage, utilize Microsoft Azure for blockchain adoption, and collaborate with relevant stakeholders to deter fraud. Premium payments and claims distribution will be facilitated through mobile banking. As a result, the distribution of fishermen's insurance will be more equitable, safeguarding fishermen's economic well-being and expediting progress towards Sustainable Development Goals 8.

Authors

Institutions

Publication Details

Journal
Proceedings of Forum Manajemen Indonesia s International Conferences
Published
2024-08-31
DOI
https://doi.org/10.47747/fmiic.v1i1.2136
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00

Funders

Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Navigating Inclusive Waters: Blockchain-Based Insurance Services for Indonesian Fisherfolk through Multi-Stakeholder Approach

Hery Harjono Muljo, Carissa Felicia Fangasadha, Atha Ulima Ardelia
Proceedings of Forum Manajemen Indonesia s International Conferences
FinTech, Crowdfunding, Digital Finance
article

Navigating Inclusive Waters: Blockchain-Based Insurance Services for Indonesian Fisherfolk through Multi-Stakeholder Approach

Hery Harjono Muljo, Carissa Felicia Fangasadha, Atha Ulima Ardelia
article en

Abstract

Fishermen often encounter occupational hazards and equipment damage in their pursuit of a marine bounty. To address these risks, the Ministry of Marine Affairs and Fisheries (KKP) collaborated with Jaminan Asuransi Indonesia (Jasindo) to provide Fishermen Insurance Premium Assistance (BPAN). However, the unequal distribution of insurance and fishermen's limited understanding of risk protection have hindered the widespread enrollment in BPAN. Thus, an inclusive program is needed to increase the number of registered fishermen to insurance and manifest an effective insurance service process. This qualitative descriptive study seeks to grasp the phenomenon of inadequate insurance distribution among fishermen in Indonesia. Data is gathered through documentary and literature reviews. The proposed solution is Netfisher, an inclusive blockchain-based insurance service program tailored for fishermen. Blockchain technology can integrate large volumes of data and decentralize it, minimizing the likelihood of fraud occurrences. Under this program, KKP will collaborate with Jasindo to expand insurance coverage, utilize Microsoft Azure for blockchain adoption, and collaborate with relevant stakeholders to deter fraud. Premium payments and claims distribution will be facilitated through mobile banking. As a result, the distribution of fishermen's insurance will be more equitable, safeguarding fishermen's economic well-being and expediting progress towards Sustainable Development Goals 8.

Proceedings of Forum Manajemen Indonesia s International Conferences(1)
Binus University (ID)
Binus University
Openalex Percentile: Top 59%
FinTech, Crowdfunding, Digital Finance
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.