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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) 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.

The business intel firm projects blockchain market gear toward the insurance sector is poised to grow 57%, compounded annually through 2026. This is bringing massive opportunities to FinTechs as well as insurers willing to embrace the change.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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