Studies from United International University Describe New Findings in Engineering (B-sahic: a Blockchain Based Secured and Automated Health Insurance Claim Processing System): Engineering - Insurance News | InsuranceNewsNet

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April 28, 2023 Newswires
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Studies from United International University Describe New Findings in Engineering (B-sahic: a Blockchain Based Secured and Automated Health Insurance Claim Processing System): Engineering

Insurance Daily News

2023 APR 28 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Current study results on Engineering have been published. According to news originating from Dhaka, Bangladesh, by NewsRx correspondents, research stated, “In recent years, blockchain technology has been successfully used in many distributed environments where different stakeholders, who do not have any trust between them, interact with each other through a secured and transparent platform. The use of blockchain in healthcare insurance industry has not been studied methodically.”

Our news journalists obtained a quote from the research from United International University, “In this study, we develop a blockchain based Secured and Automated Health Insurance Claim (B-SAHIC) processing system. First, we design an Entity-Relationship (ER) diagram identifying all actors with their respective data and relations between them. We also develop the business model and algorithms for all necessary steps. We implement the system in Hyperledger Fabric and deploy a smart contract to implement these algorithms. We introduce CouchDB to store the OffChain data where we storeWorld-State Database. B-SAHIC provides a web-based portal for all actors who interact with the blockchain. Privacy of clients’ claim-related data is ensured by encrypting treatment-related data with a new key that is derived uniquely for each new submission done of clients’ personal documents. We have also deployed Hyperledger Explorer, a user-friendly web application tool for monitoring the health state of each node participating on the blockchain network. We have studied the performance of B-SAHIC for two to six peer nodes. Moreover, our performance study shows that B-SAHIC is fast and scalable. In our study, the average query latency is decreased from 0.07 second (for two peer nodes) to 0.02 second (for six peer nodes) in case of 1300 queries per second while the average transaction latency remains unchanged (around 3.5 seconds) for 300 transactions per second. Moreover, B-SAHIC consumes minimum resources, around 350MB only for two peer nodes.”

According to the news editors, the research concluded: “We believe that the development process of this blockchain based platform can be applicable for the automation of other insurance industry too.”

This research has been peer-reviewed.

For more information on this research see: B-sahic: a Blockchain Based Secured and Automated Health Insurance Claim Processing System. Journal of Intelligent & Fuzzy Systems, 2023;44(3):4869-4890. Journal of Intelligent & Fuzzy Systems can be contacted at: Ios Press, Nieuwe Hemweg 6B, 1013 Bg Amsterdam, Netherlands.

The news correspondents report that additional information may be obtained from Salekul Islam, United International University, Dept. of Computer Sciences and Engineering, Dhaka, Bangladesh. Additional authors for this research include Mahafuja Khatun and Ridwan Arefin Islam.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.3233/jifs-220690. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

(Our reports deliver fact-based news of research and discoveries from around the world.)

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