Blockchain technology can have a great effect on improving logistics
As the world evolves, logistical challenges remain. But with evolution also comes the development of technology, and the blockchain can help solve these challenges in the long run.
This paves the way for opportunities in the investment arena when it comes to blockchain technology. The proliferation of logistics can mean more efficient transport of goods from one place to another.
The use of the blockchain network in logistics is already taking place in certain parts of the globe. Success in emerging markets can mean adoption in developing markets, creating exponential growth for the industry.
“Startups in certain Asian countries such as South Korea are also experimenting with blockchain technology to make the last-mile delivery process seamless and foolproof,” an entrepreneur article said. “They have created centralized delivery platforms and matching messengers for order delivery using AI and smart contract-based applications.”
“A number of multinational shippers are also testing the applicability of blockchain to maintain paperless transaction records in a distributed ledger, thereby reducing the chances of trade counterfeiting and payment disputes,” the article added.
As mentioned, growing interest in blockchain means great investment opportunities in blockchain-focused exchange-traded funds (ETFs). Consider Amplify Transformational Data Sharing ETF (BLOK).
Actively managed exposure to blockchain
As mentioned, BLOK has an active management strategy that can flex with the market’s movements by placing holdings in the hands of experienced portfolio managers. BLOK adds diversified exposure and cryptocurrency exposure without investing in the currencies themselves.
Given blockchain’s growing use overseas, global exposure adds a touch of diversification to portfolios. BLOK is doing just that by looking at opportunities outside the US
While the majority of the fund (75%) contains holdings in North American-based companies, the fund also diversifies with holdings in Western Europe and the Asia-Pacific, investing in companies that use and develop blockchain technology, the technology behind cryptocurrencies such as bitcoin. This means that the fund can gain exposure to growth opportunities abroad where this technology can be fully exploited.
According to the product website, BLOK has:
- a global equity portfolio of professionally selected companies involved in blockchain technology and indirect crypto exposure.
- an active management approach that can enable the fund to remain flexible, make timely decisions and identify companies best positioned to profit from the evolving blockchain technology space.
- the convenience and transparency of the ETF structure.
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