Blockchain In Insurance Sector Market is Going to Boom with Microsoft, IBM, Bitfury,BitPay iCrowd Newswire 23 Jun 2021, 08:39 GMT+10 Increasing regulation for exploring insurance policies by insurance companies and growing fraudulent insurance claims will help to boost the demand of the Blockchain In the Insurance Sector market in the forecasted period. Blockchain in insurance is a shared record-keeping technology in which the data is in cryptographically secured form. Blockchain technology provides cooperation and coordination of multiple different intermediaries with varying incentives. Blockchain technology could empower people to manage (some of) their risk more directly, with peer-to-peer and mutual insurance platforms based on blockchains.