According to the study, the worldwide demand for blockchain in the insurance industry is predicted to increase from $64.5 million in 2018 to $1.39 billion in 2023, representing an 84.9 percent CAGR during the forecast period.
But, how exactly will blockchain technology change the insurance industry in 2022 and beyond? Let’s find answers to this question in this blog!
But before discussing the ways of how blockchain or mobile app development companies will change the insurance industry, let’s talk about,
Quytech, the best blockchain development company, can assist your business if you’re looking into blockchain solutions. The staff has extensive experience not just in giving awareness and education but also in developing proofs of concept for specific concepts. Blockchain is not a one-size-fits-all technology, and it should be customized to your company’s specific requirements.