Blockchain still requires ‘element of faith’ from industry
(Re)insurers and brokers should not expect blockchain investment to provide ‘instant gratification’, but should instead be looking five years’ into the future for tangible return on investment, a panel heard.
However, there is optimism that further use cases for the technology will emerge over the coming year.
Patrick Shmid, vice president at industry-led consortium The Institutes Riskblock Alliance, said
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