Advanced health insurance system using smart contract of ethereum blockchain

Abstract

Every year, more healthcare insurance frauds are discovered, which is hugely worrying for society. Healthcare insurance fraud takes many forms, including fabricating data, obfuscating third-party responsibility, misrepresenting electronic invoices, etc. Policyholders can deceive general clients with these methods too. The current health insurance system strains resources and labor. In light of the numerous different techniques that are used to digitize healthcare insurance along with security, we will represent a blockchain-based strategy that is built on smart contracts as a means of avoiding insurance data manipulation, resulting in a secured, immutable, and trustworthy system with efficiency in data integrity. This system relies on organizations like judicial bodies. This blockchain system includes organizations like insurance companies as well. Moreover, information about medical costs, prescriptions, inquiry reports, and medical history are used in the operating procedure to create a blockchain for health insurance. In this thesis, we propose third-party treatment activity assessment, extravagant medical behavior look-up and evaluation of data from medical invoices, and liability inspection services.