IPFS-Blockchain Technology for Health Insurance Fraud Prevention and Wellness Incentives

The rising expense of medical services is driving the global health insurance market growth. Despite this, the health insurance industry is facing a huge loss in this sector because of the everyday increasing fraud claims. This paper presents a novel strategy to transform the health insurance industry using blockchain technology, gamification, and the InterPlanetary File System (IPFS) to prevent fraud, expedite the reimbursement process, and reward the patients for their healthy behaviour. By combining all insurance policies onto a single blockchain-based platform, our suggested solution both prevents fraudulent activity like double dipping and facilitates transparent and effective management utilizing the advantages that blockchain provides. Users are encouraged to lead healthy lives by gamifying their experiences and receiving rewards for consistent exercise and wellness-related activities. Furthermore, the platform incorporates IPFS-based health data storage and medical bill integration, guaranteeing safe and unalterable records. Insurers can lower healthcare costs and enhance risk management by modifying premiums in accordance with user health data monitoring and positive behaviour rewards.