Novel Blockchain and Zero-Knowledge Proof Technology-Driven Car Insurance

Abstract

It is crucial to ensure the privacy and authenticity of the owner’s information in car insurance claims. However, the current traditional car insurance claims scenario suffers from inefficiency, complex service, unreliable data, and data leakage. Therefore, considering the privacy and sensitivity of insurance information and car owner data, we can use blockchain, smart contracts, and zero-knowledge proof technology to improve the current problems. This paper proposes a novel car insurance claim scheme based on smart contracts, blockchain, and zero-knowledge proof. Our scheme focuses on preserving privacy in the car insurance authorization and claim process. We design a private smart contract for the creation and revocation of car insurance and public smart contract for the authorization and validation of car insurance. By using ZoKrates, generating zero-knowledge proofs off chain and verifying the proofs on chain reduces the amount of data storage and computation on chain and provides privacy protection for sensitive information. Experimental results confirm the efficacy of our scheme in terms of security and performance.