PriceWise

PriceWise

DL x Blockchain solution to empower car insurance buyers.

The problem PriceWise solves

We are making a car price estimation model using deep learning and using that we are predicting the price for the car and suggesting the cost of the car so that companies can offer insurance based on it and also verify the credibility of price estimation using blockchain. When insurance is purchased for the car, no matter how much the car is damaged, a person who insures their vehicle must pay the same premium each year.
Our "PriceWise" project is a web-based application that offers users an interface to estimate the cost and insurance worth of their car depending on the current damage done to the car.
The application uses a DL model to determine whether or not the car is damaged. based on which the application calculates the vehicle's current price and insurance worth.
We will create distinctive policy numbers using blockchain and smart contracts, and we'll validate them.

Challenges we ran into

Deploying the backend was very tricky. We had to go for local server.
Using solidity and blockchain for the first time.

Tracks Applied (1)

Open Innovation

We are making a car price estimation model using deep learning and using that we are predicting the price for the car an...Read More

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