BLOCKCHAIN TECHNOLOGY FOR SECURING INSURANCE DATA AND AUTO-INSURANCE CLAIM

  1. 1 PROBLEM DOMAIN: Traditional health insurance system possesses high possible fraud-ulent or duplicate claims, possible financial loss during digital transac-tions, complex and high time consuming verification processes. This
    is the challenge the insurance industry faces and it possess transactional
    and contractual complexity. The aforementioned problem is an ideal ap-
    plication opportunity for Blockchain implementation. Blockchain can
    provide significant benefits to the private consortium and all of its par-
    ticipants including the insured customers. Blockchain can address the
    fundamental challenges of managing and dragging the distributed digi-
    tal transactions of the problem scenario, as they are extremely secured,
    manageable and high-speed transactions. A lot of work goes into check-
    ing whether a health insurance claim is fraudulent or not. Using the
    consensus property of Blockchain, we can reduce the work that goes
    into checking if a claim is fraudulent or not.
    SCOPE: Now-a-days insurance data are more important, since it can be
    modified by higher authorities. Hence, the security of this insurance
    data becomes questionable. Hospitals may claim insurance for treat-
    ments that were not taken by patients. This happens because we com-
    pletely rely on the centralized record management system of the hospi-tal. So, we need to build a system which records the treatments and bills
    impossible to be counterfeited even by the higher authorities. Hence,
    it becomes impossible to tamper the insurance data of the patient from
    the eye of society. Also it takes lot of time to verify a claim made by
    insurer and to instantiate the transaction. Our main intention is to se-
    cure insurance data using blockchain and to implement auto insurance
    claim. If we implement this in India then the insurance fraudulent will
    be reduced.
  2. RELATED WORKS
Figure 2.1 Blockchain in Bitcoin
Figure 2.2 Structure of Blockchain-IoT Network
Figure 4.1 Block Diagram
  1. Smart Contracts
  2. Private Key Encryption
  3. Preprocessing
    • Transaction Generation Phase has four modules.
    1. Hashing
    2. Received Packet Verification
    3. Block Validation
    4. Broadcasting
    • Blockchain Miner has three modules.
    1. Data Verification
    2. Genesis Block Creation
    3. Broadcasting Blockchain
Figure 6.1 Docker Creation
Figure 6.2 Channel Creation
Figure 6.3 Peer Creation
Figure 6.5 Genesis Block Creation
Figure 6.6 Private Key Enc
Figure 6.7 Preprocessing
Figure 6.10 Tamper Proofness

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The College of Engineering, Guindy is a public engineering college in Chennai, India and is India's oldest technical institution, founded in 1794.

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Lokesh

Lokesh

The College of Engineering, Guindy is a public engineering college in Chennai, India and is India's oldest technical institution, founded in 1794.

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