While blockchain has been an intriguing topic for some time now, interest has skyrocketed in recent months. 

a graphic reading "blockchain"



While blockchain has been an intriguing topic for some time now, interest has skyrocketed in recent months. 

Facebook said late last year that it believes so much in the "metaverse" that it was changing its name to Meta. Microsoft followed quickly with its own vision of how technology could enable a whole new sort of world, where our selves are disembodied and our interactions occur via virtual reality. Venture capital firms such as Andreessen Horowitz are all over the investment opportunities in the metaverse, sometimes referred to as Web 3.0. And pundits are making bold proclamations about how life as we know it is about to change forever. 

At the center of all this fuss? Blockchain, plus cryptocurrencies such as bitcoin. 

Blockchain is expected to serve as the record-keeping technology, providing access to a centralized, trusted, public data base, while cryptocurrencies are to be the basis of the financial system. 

Now,  I'm on record  as saying the metaverse is a bunch of hooey.  But, in terms of the impetus the hype provides for blockchain, it doesn't matter whether the proponents are right or whether I am. (I'm right. But you knew that. 🙂 )

What matters is that all sorts of investment will flow into blockchain because of the hype, speeding blockchain's progress. Look at Tesla. It has such fans that it has an $850 billion market value, 12 times that of General Motors, even though Tesla has only about 1% of the global car market. Tesla may or may not grow into that market cap with an extended stretch of extraordinary growth, but, whatever happens to Tesla, the market for electric vehicles is going to get a massive boost because so many Tesla wannabes are flooding the market with EVs and because the excitement has helped convince the federal government to invest billions of dollars in charging stations.

In insurance, blockchain has been making steady progress, as you'll see from this month's interview and from the articles I've selected. I hope you'll spend some time with them. And then get ready to see those efforts get turbocharged as the metaverse/Web 3.0 enthusiasm reinforces what our industry has been doing.






As part of this month's ITL Focus on blockchain, we spoke with Sanjeev Chaudhry, founder and CEO of Gigaforce, about how far blockchain has already progressed as a force in the insurance industry and about where it can go from here. 

"We are hearing more buzz in the market than we ever heard before. People want to hear about it and want to talk about it. They’re ready."

-Sanjeev Chaudhry
Read the Full Interview



The Opportunities in Blockchain

It is estimated that roughly one-third of blockchain use cases are in the insurance industry. Here are the leading examples.

Read More

Blockchain's Future in Insurance

In the short term, blockchain can be applied to data exchange and storage, P2P electronic payments and smart contracts.

Read More

Blockchain in Insurance: 3 Use Cases

Many blockchain insurance projects are lingering at the proof of concept stage, but three trailblazing applications are emerging.

Read More

Blockchain, Privacy and Regulation

The discussion on blockchain needs to be fully integrated within the context of existing and anticipated regulatory compliance requirements.

Read More

Where Blockchain Shines Right Now

The seafood supply chain, for instance, can become transparent and trustworthy, while blockchain automates location updates.

Read More

Blockchain: Seizing the Opportunities

Here’s where blockchain stands today — plus how to see the inherent risks and opportunities of using this exciting technology in insurance.

Read More



This Month Sponsored by: Gigaforce 

Gigaforce Inc. is an Insurtech provider of a SaaS-based, blockchain-optimized, claims platform that combines artificial intelligence (AI)-driven predictive models, specialized expertise, and customized services to expedite subrogation, recovery, and salvage processing for insurance ecosystems, including insurers, law firms, and third-party adjusters (TPAs). For more information, please visit

gigaforce logo


View all ITL FOCUS topics
Share Share
Share Share
Tweet Tweet


Insurance Thought Leadership

Profile picture for user Insurance Thought Leadership

Insurance Thought Leadership

Insurance Thought Leadership (ITL) delivers engaging, informative articles from our global network of thought leaders and decision makers. Their insights are transforming the insurance and risk management marketplace through knowledge sharing, big ideas on a wide variety of topics, and lessons learned through real-life applications of innovative technology.

We also connect our network of authors and readers in ways that help them uncover opportunities and that lead to innovation and strategic advantage.


Read More