INSURELEDGER: A DISTRIBUTED LEDGER FOR HEALTH INSURANCE USING DFINITY

Abstract

Health insurance claims processing and data storage pose challenges for security, efficiency, and transparency. Traditional distributed databases often rely on centralized management systems and enterprise-grade hardware, which can be costly and vulnerable. In contrast, Blockchain technology offers a decentralized approach to data management, ensuring transparency, security, and record immutability without requiring extensive hardware infrastructure. This paper examines the feasibility of leveraging blockchain, specifically the Internet Computer Blockchain (DFINITY), to automate health insurance claims processing and securely store insurance data. Additionally, a time-efficient algorithm is proposed to enhance querying and updating of insurance claims on the blockchain.