Decentralized Blockchain-Based Fund Management System for Transparent and Secure Medical Transactions

Department of CS&E, BGS College of Engineering and Technology, Bengaluru, India

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Abstract

The healthcare industry continues to have issues regarding the transparency and trust of the financial transactions, and especially in case of handling of insurance claims and the funding of the patient. Intermediaries and centralization is generally accompanied by inefficiencies, delay and lack of accountability. To eliminate these problems, in this paper, Medicare Chain is proposed as a decentralized blockchain-based fund management system in order to ensure the secure and transparent medical transaction. The system utilizes smart contracts of the Ethereum network to automate the process of transfer of funding between the patients, doctors and donors without the need of centralized authority in the process. Data and transaction logs of nurses is set into the InterPlanetary File System (IPFS) to ensure integrity and prevent any kind of tampering. Django-based web interface allows users authentication, access control and access to the blockchain network. By introducing a framework for auditable, secure and efficient management of medical funds using the concepts of decentralization, the proposed framework shows the possibilities of decentralized systems to create more reliability and trust amongst the healthcare ecosystems.