Insurance Block: A Blockchain Credit Transaction Authentication Scheme Based on Homomorphic Encryption

Xiao, Lixin; Deng, Han; Tan, Minfu; Xiao, Weidong

doi:10.1007/978-981-15-2777-7_61

Cited by 4 publications

(1 citation statement)

References 8 publications

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“…Similarly, BC can be used to record insurance premium payments history and other records for access and usage by other insurance companies almost instantly and accurately [21]. [141] propose a scheme to authenticate insurance transactions based on blockchain to solve the problems of security, high cost of data management, and easy data manipulation.…”

Section: ) Fraud Detection and Preventionmentioning

confidence: 99%

Blockchain in Insurance: Exploratory Analysis of Prospects and Threats

Amponsah¹,

Adekoya²,

Weyori³

2021

IJACSA

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Ever since the first generation of blockchain technology became very successful and the FinTech enormously benefited from it with the advent of cryptocurrency, the second and third generations championed by Ethereum and Hyperledger have explored the extension of blockchain in other domains like IoT, supply chain management, healthcare, business, privacy, and data management. A field as huge as the insurance industry has been underrepresented in literature. Therefore, this paper presents how investments in blockchain technology can profit the insurance industry. We discuss the basics of blockchain technology, popular platforms in use today, and provide a simple theoretical explanation of the insurance sub-processes which blockchain can mutate positively. We also discuss hurdles to be crossed to fully implement blockchain solutions in the insurance domain.

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Section: ) Fraud Detection and Preventionmentioning

confidence: 99%