Accenture believes the insurance industry will move to embrace the blockchain within the "next few years". As expected, Accenture believes that the use cases and acceptance of the blockchain for insurance products will take longer than it will for financial services.
Finally, while there has been tremendous investment in startups using blockchain, there is also a powerful counterforce to keep blockchain open and accessible in the form of the Open Ledger Project. This is a brand new partnership of the Linux Foundation and a diverse group of major companies such as Accenture, Cisco, the London Stock Exchange, IBM and State Street to create a free and open-source version of a new technology under the name “Hyperledger.” Its task is to re-imagine supply chains, contracts and other ways information about ownership and value are exchanged in a digital economy. How would this work, taking into account the ecosystem concept?