Year: 2024
Type: article
Abstract: This article presents a Blockchain-based solution for the management of multipolicies in insurance companies, introducing a standardized policy model to facilitate streamlined operations and enhance collaboration between entities. The model ensures uniform policy management, providing scalability and flexibility to adapt to new market demands. The solution leverages Merkle trees for secure data management, with each policy represented by an independent Merkle tree, enabling updates and additions without altering existing policies. The architecture, implemented on a private Ethereum network using Hyperledger Besu and Tessera, ensures secure and transparent transactions, robust dispute resolution, and fraud prevention mechanisms. The validation phase demonstrated the model’s efficiency in reducing data redundancy and ensuring the consistency and integrity of policy information. Additionally, the system’s technical management has been simplified, operational redundancies have been eliminated, and privacy is enhanced.
Source: Future Internet
DOI: 10.3390/fi16100356
Authors: Abraham Romero, Roberto Hernandez
Institution: Universidad Nacional de Educación a Distancia
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: gold
Estimated APC paid: $1,819
OpenAlex ID: W4402992861