McKinsey & Company, a global management consulting firm for governments and NGOs, recently submitted a blockchain Technology report to the US Federal Advisory Committee on Insurance. The firm analyzed how the technology may disrupt a range of industries, emphasizing banking and insurance, and predicts commercial deployment of blockchain technology at scale by the year 2021. The firm states that most people in the industry already believe that blockchain technology will “have a material impact” within three to five years.

Calling the period between 2009 and 2016 the "Dark Age," where all solutions are bitcoin-based, the company suggests that a new era of Blockchain technology began in 2016. More mature businesses using the technology have now entered the market, and over a hundred blockchain solutions have been explored. The firm expects 20 to 30 proof-of-concept use cases for blockchain technology to be tested in 2018, with 10 to 20 successful business cases surviving and deployed commercially by late 2020.