In the digital era, insurance industry is undergoing a revolutionary transition, with a rising dependence on technology to simplify procedure and enhance efficiency. However, this exposes the industry to variety of cybersecurity threats, ranging from false claims to data breaches. This research aim is to explore the potential of blockchain technology as robust solution to enhance the security within the insurance industry. The implementation of blockchain technology in the insurance industry has the potential to reduce fraud by creating immutable and transparent transaction records. By leveraging blockchain technology, insurance industry businesses may address fundamental concern such as data integrity, fraud prevention, and stakeholder confidence by embracing blockchain technology. Furthermore, the distributed structure of blockchain guarantees that sensitive data is securely maintained, reducing the possibility of centralization data breaches. In this research will includes the framework, data collection, and the testing of system.

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Integration of Data Security in Insurance’s Information System by Using Blockchain Technology

  • Chua Shang Ren,
  • Rabab Alayham Abbas

摘要

In the digital era, insurance industry is undergoing a revolutionary transition, with a rising dependence on technology to simplify procedure and enhance efficiency. However, this exposes the industry to variety of cybersecurity threats, ranging from false claims to data breaches. This research aim is to explore the potential of blockchain technology as robust solution to enhance the security within the insurance industry. The implementation of blockchain technology in the insurance industry has the potential to reduce fraud by creating immutable and transparent transaction records. By leveraging blockchain technology, insurance industry businesses may address fundamental concern such as data integrity, fraud prevention, and stakeholder confidence by embracing blockchain technology. Furthermore, the distributed structure of blockchain guarantees that sensitive data is securely maintained, reducing the possibility of centralization data breaches. In this research will includes the framework, data collection, and the testing of system.