Blockchain is a revolutionary technology that could fundamentally change the way business is conducted and result in the restructuring of major industries.
At least that is the view of some prognosticators. Others believe that there are important implications for the technology, but that it will not be truly disruptive.
What about insurance? Will blockchain be a major force in the industry, and if so, when? New research by SMA sheds some light on these questions. The short answer is that blockchain is likely to play a major role in the reshaping of insurance — but the big implications are two to three years out.
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