An insurance system based on blockchain is proposed for web identity security, which provides two insurance service models for personal web identity security of end users and data security of commercial websites, respectively.
The architecture of WISChain is as follows.
Its advantages are shown as follows.
Its applications are shown as follows.
GDPR issued by the European Union is effective now and making companies to pay more attention to protecting their users' data and privacy. Due to the high penalty of data leaks, the network insurance has become an urgent need. The blockchain based insurance may overturn the traditional profit model of the insurance industry with more transparent mechanisms, less premiums, and quicker settlement of claims, which can be more conducive to the promotion of network security insurance. WISChain is an attempt in this direction. It can be tested at https://wischain.denglu1.cn/. All tests and feedbacks are welcome.
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