This study aims to identify the impact of digital transformation technology (Blockchain), the independent variable, on (operational efficiency and enhancing contractors’ confidence), the dependent variable, due to the advantages it provides In Iraqi insurance companies (study population) on a sample of (62) individuals through the distribution of a questionnaire developed for this purpose. Descriptive statistics and regression analysis were used to test the study hypotheses. The study found a positive effect when applying Blockchain in increasing operational efficiency and increasing the confidence of contractors. The study recommended that Iraqi companies provide infrastructure, create blockchain platforms, and train workers on them.