Insurance companies (FWD; Deloitte and 4 more partners) will be launching on the Zilliqa blockchain very soon.
http://markets.businessinsider.com/news/stocks/insurance-market-launches-inmediate-a-new-eco-system-for-blockchain-insurance-in-collaboration-with-zilliqa-fwd-and-deloitte-1023113761
These insurance companies are beginning to move towards blockchain tech in their field and this is going to attract even more huge companies into blockchain in fear of losing out on competitive advantage.
WHY blockchain?
Since 2017, the parabolic growth of bitcoin price has made the world news, attracting huge companies like IBM, Microsoft and Huawei into using blockchain technology in their business and announcing it publicly.
some of the benefits of blockchain include:
- faster transactions
- lesser cost
- more transparency with consumers
- prevent fraud (unable to tamper transactions)
Some of the mentioned benefits help companies accomplish their strategic goals much faster with less cost.
Expect more companies coming into the blockchain era in the coming years! Businesses need to know that this change is unstoppable and it's coming in rapidly to take over traditional ways of how businesses work.
Adopt blockchain, or lose out.