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Automate and Secure Insurance Claim Processing with Blockchain

Create a smart contract-powered insurance platform that automates claim approvals, eliminates fraud, and ensures policy transparency and auditability.
Why Blockchain for Insurance Claims?

Current insurance processes are slow, opaque, and prone to fraudulent claims. Blockchain introduces automation, immutability, and auditability — making the entire claim lifecycle faster, fairer, and more trustworthy.

Project Objective

Develop a decentralized insurance claim management system where policyholders submit claims, and smart contracts verify, approve, and disburse payments automatically based on predefined criteria and uploaded proof.

Key Features of the Insurance Platform

Smart Contract-Based Policies

Define insurance policy terms, coverage limits, and claim criteria in code.

Claim Submission & Validation

Users upload required documents, and smart contracts validate the claim conditions automatically.

Fraud Prevention & Transparency

Immutable claim history and document hashes reduce tampering and fraudulent reporting.

Instant or Admin-Approved Payouts

Enable full automation or require admin approval before triggering wallet-based payouts.

System Architecture Overview

Users purchase policies by interacting with the smart contract. Claims are submitted via the frontend with document proofs (e.g., hospital bills). The smart contract checks validity against policy terms and either processes or queues the claim. All records are logged and accessible on-chain.

  • Solidity smart contracts for policy and claim lifecycle
  • Admin and policyholder roles with different permissions
  • IPFS for secure document storage and verification
  • React frontend for claim submission and status tracking
  • MetaMask wallet integration for policy purchases and payouts
Recommended Tech Stack

Blockchain

Polygon or Ethereum for smart contract operations

Smart Contracts

Solidity contracts for policies, claims, roles, and payouts

Frontend

React.js + Ethers.js for user and admin interfaces

Storage

IPFS or Web3.Storage for uploading and referencing claim documents

Development Roadmap

1. Write Policy & Claim Smart Contracts

Include functions for policy purchase, claim request, validation, and fund transfer.

2. Build User & Admin Dashboards

Separate interfaces for claim tracking (user) and approval workflows (admin).

3. Add IPFS Integration

Upload documents securely, generate hash links, and verify authenticity during processing.

4. Implement Role-Based Access

Assign wallet roles for underwriters, claimants, and reviewers within contracts.

5. Test Payout and Dispute Scenarios

Simulate successful claims, rejections, and edge cases in a local or testnet environment.

Helpful Resources & Tutorials

Reinvent Insurance Claims with Blockchain Automation

Deliver fair, fraud-proof, and real-time insurance services using decentralized smart contract logic.

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