EthInsurance: A Blockchain based alternative approach for Health Insurance Claim

Abstract

In case of medical emergencies health insurance is extremely important in providing us with coverage for medical expenses. However, preventing data breaches and fraudulent activities involving health care data is the most difficult challenge in this sector. Transparency, which is a major issue in the health sector, is provided by Blockchain Technology. This paper uses blockchain to design a claim model that allows the system to maintain transparency between insurance companies. This proposed model eliminates the need for agents and enables direct contact between insurance companies, hospitals, and companies. In addition, it enables secure and efficient access to medical data by patients, providers, and other third parties while protecting patient privacy.