How is Blockchain Transforming the Insurance Industry?

Gyan Consulting22 Mar, 2023Technology

The insurance industry is built upon the pillars of ?utmost good faith?, where mutual trust and transparent communication are essential for long-term sustainability. However, as demographics shift and digital interfaces become more prevalent, customer expectations have risen exponentially. This coupled with the emergence of new financial alternatives and the gig economy has caused a significant disruption within the industry, forcing it to adapt quickly to stay relevant.