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Blockchain to Help Insurtech Soar to $235 Billion Industry

December 16, 2016

 

Source: Cryptocoins news 

Not only is fintech getting lift thanks to blockchain. The lesser buzzword – insurtech – could enjoy many of the same benefits of blockchain, known best for underpinning the cryptocurrency Bitcoin.

Juniper Research posits in a paper entitled, “Fintech: Liberation or Liability” that revenues for products in Insurtech, the insurance-technology industry, could skyrocket thanks not only to help from machine learning breakthroughs, but, also, blockchain technology.

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