This study examines the implementation of NFTs and smart contracts for insurance claim management across multiple EVM-compatible blockchain platforms. We analyze the performance and economic efficiency of BNB Chain, Fantom, Polygon, and Celo in handling key operations such as data creation, NFT minting, and NFT transfer. The research aims to address challenges in traditional insurance claim processes, including fraud prevention, operational inefficiencies, and lack of transparency. Through a comparative analysis of transaction fees and computational costs, we evaluate the suitability of each platform for implementing blockchain-based insurance claim management systems. Our findings provide insights into the trade-offs between security, transparency, and cost-effectiveness across different blockchain environments, contributing to the ongoing development of more efficient insurance claim management solutions.

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A Comparative Analysis of NFT-Based Insurance Claim Management Systems Across EVM-Compatible Blockchain Platforms

  • Minh Nguyen Triet,
  • Le Khanh Bang,
  • Hong Vo Khanh,
  • The Nguyen Anh,
  • Doan Minh Hieu,
  • Pham Thanh Nghiem,
  • Huynh Gia Khiem,
  • Nam Tran Ba

摘要

This study examines the implementation of NFTs and smart contracts for insurance claim management across multiple EVM-compatible blockchain platforms. We analyze the performance and economic efficiency of BNB Chain, Fantom, Polygon, and Celo in handling key operations such as data creation, NFT minting, and NFT transfer. The research aims to address challenges in traditional insurance claim processes, including fraud prevention, operational inefficiencies, and lack of transparency. Through a comparative analysis of transaction fees and computational costs, we evaluate the suitability of each platform for implementing blockchain-based insurance claim management systems. Our findings provide insights into the trade-offs between security, transparency, and cost-effectiveness across different blockchain environments, contributing to the ongoing development of more efficient insurance claim management solutions.