Accenture: Blockchain’s impact in the insurance industry is already underway

FinTech | January 6, 2016 By:

According to a new blog post by Accenture the insurance industry will move to embrace the blockchain within the “next few years”.

Abizer Rangwala, managing director for Accenture, wrote that he expects the technology to “have a profound effect on business”, adding that, in his opinion, this impact is already underway.

“Insurance is gaining momentum in the use of blockchain and slowly figuring out the true business use or to some degree what the use case should be. I have no doubt that within the next few years it will be a major technology in the insurance ecosystem,” said Rangwala.

Accenture is a multinational management consulting, technology services, and outsourcing company.