Background

Fabric is an open-source permissioned blockchain. In our terms, it is an RSM key-value store (like Raft) with security added.

In this lab, we will set up a permissioned blockchain between 3 parties: "Smart Insurance", "Great Insurance", and "Police". The objective of the blockchain is to share insurance claim information such that a client cannot double claim a lost item twice (assuming he buys two travel insurances and loses his iPhone).

The smart contract that we are going to build has three functions for invocations:

1) Issue //issue a new insurance 2) Report //report an incident 3) Refund //the incident is valid and claimed