Investigators from Beijing University of Posts and Telecommunications Report New Data on Health Insurance (MIStore: a Blockchain-Based Medical…

Managed Care Weekly Digest

Investigators from Beijing University of Posts and Telecommunications Report New Data on Health Insurance (MIStore: a Blockchain-Based Medical Insurance Storage System)

By a News Reporter-Staff News Editor at Managed Care Weekly Digest -- A new study on Health Insurance is now available. According to news reporting originating in Beijing, People's Republic of China, by NewsRx journalists, research stated, "Currently, blockchain technology, which is decentralized and may provide tamper-resistance to recorded data, is experiencing exponential growth in industry and research. In this paper, we propose the MIStore, a blockchain-based medical insurance storage system."

The news reporters obtained a quote from the research from the Beijing University of Posts and Telecommunications, "Due to blockchain's the property of tamper-resistance, MIStore may provide a high-credibility to users. In a basic instance of the system, there are a hospital, patient, insurance company and n servers. Specifically, the hospital performs a (t, n)-threshold MIStore protocol among the n servers. For the protocol, any node of the blockchain may join the protocol to be a server if the node and the hospital wish. Patient's spending data is stored by the hospital in the blockchain and is protected by the n servers. Any t servers may help the insurance company to obtain a sum of a part of the patient's spending data, which servers can perform homomorphic computations on. However, the n servers cannot learn anything from the patient's spending data, which recorded in the blockchain, forever as long as more than n - t servers are honest. Besides, because most of verifications are performed by record-nodes and all related data is stored at the blockchain, thus the insurance company, servers and the hospital only need small memory and CPU."

According to the news reporters, the research concluded: "Finally, we deploy the MIStore on the Ethererum blockchain and give the corresponding performance evaluation."

For more information on this research see: MIStore: a Blockchain-Based Medical Insurance Storage System. Journal of Medical Systems, 2018;42(8):1-17. Journal of Medical Systems can be contacted at: Springer, 233 Spring St, New York, NY 10013, USA. (Springer - www.springer.com; Journal of Medical Systems - www.springerlink.com/content/0148-5598/)

Our news correspondents report that additional information may be obtained by contacting L.C. Wang, Beijing Univ Posts & Telecommun, State Key Lab Networking & Switching Technol, Beijing 100876, People's Republic of China. Additional authors for this research include L.J. Zhou and Y.R. Sun (see also Health Insurance).

Keywords for this news article include: Beijing, People's Republic of China, Asia, Health and Medicine, Medical Insurance, Health Insurance, Hospitals, Beijing University of Posts and Telecommunications.