Blockchains’ potential for improving insurance processes

The blockchain market is poised to grow 57% by 2026, and the technology’s potential for deployment in the insurance sector is equal as ripe for growth, according to Research and Markets. (Credit: Alexander Yakimov/Shutterstock.com)

In the coming years, it is expected that every major company in insurance will be deploying blockchain in some form, as the number of applications the technology can bring to the sector grows every day, according to Research and Markets.