Blockchain Technology – The New Assurance for Insurance Industry

Blockchain Technology based on Distributed Ledger concept is being exploited by BFSI companies to increase efficiency and reduce cost. While Blockchain has found wonderful use cases for the Banking and Financial Services organization, experts have predicted that it is going ‘Disrupt’ the insurance industry in a true sense. No wonder 3 of the 15 largest VC FinTech deals of 2016 went to Blockchain start-ups.

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