Not only is fintech getting lift thanks to blockchain. The lesser buzzword – insurtech – could enjoy many of the same benefits of blockchain, known best for underpinning the cryptocurrency Bitcoin. Juniper Research posits in a paper entitled, “Fintech: Liberation or Liability” that revenues for products in Insurtech, the insurance-technology industry, could skyrocket thanks not only to help from machine learning breakthroughs, but, also, blockchain technology. Juniper, which often publishes research-friendly Bitcoin, states insurtech revenues could increase to $235 billion by 2021 thanks to the new technologies. That’s up 34% year-over-year compared $175 billion in 2016. Read more: cryptocoinsnews.com
