Blockchain Technology in the Insurance Sector (report)

McKinsey sees blockchain technology reaching full potential in 5 years.

McKinsey & Company, a global management consulting firm for governments and NGOs, recently submitted a blockchain Technology report to the US Federal Advisory Committee on Insurance. The firm analyzed how the technology may disrupt a range of industries, emphasizing banking and insurance, and predicts commercial deployment of blockchain technology at scale by the year 2021. The firm states that most people in the industry already believe that blockchain technology will “have a material impact” within three to five years.

Download the report below (PDF 17 pages)

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