Design and Implementation of a Medical Insurance System Based on Blockchain Smart Contract Technology

Abstract

With the breakout of blockchain production, its decentralized, unfaltering, and obvious characteristics are progressive within the area of medical insurance. This paper aims to provide for the growth and implementation of a blockchain-based health insurance system smart contract addressing issues such as inadequate record security, data asymmetry, and low operational efficiency in traditional health insurance systems. Using a detailed investigation of blockchain technology and its ismart contract functions, this paper builds a blockchain-based medical insurance system, which is made up of policy management, automatic claims processing, and data sharing. It also offers a thorough discussion on the architecture design of the system, the main algorithms of the smart contracts, and the actual development process. Experimental results show that the developed system greatly improves data transparency, security, and operational efficiency. Research shows that blockchain technology can be used in the health insurance field and it contains clear connections of such with the newly afforded technical benchmarks. The conclusions of this study produce new points and technical explanations for the application of blockchain technology in health insurance.