Research and design of travel insurance system based on blockchain

Abstract

From the perspective of travel insurance, this paper combines travel insurance and blockchain technology to design a travel insurance system based on blockchain technology. This paper first analyzes the existing problems related to travel insurance, and then further studies the core technologies of blockchain applied in this system, such as equality network, Byzantine consensus mechanism, asymmetric encryption and intelligent contract. Then the model of travel insurance system based on blockchain is established, and the architecture, function and process design of the system are carried out. Finally, the system is evaluated and extended from the single travel insurance to the whole insurance industry, and the combination of block chain technology and insurance industry innovation is summarized and prospected.