Cyberattacks have become an unwanted, but now common occurrence as the world increasingly becomes more digital and operations are moved online. The high-growth potential of blockchain technology could play a pivotal role in helping to counter cyberattacks.
There’s not one specific way, but a plethora of ways blockchain could help defend against a cyberattack. From making data comprehension easier to enhancing already-existing security measures, the potential for blockchain appears to have no limit in the field of cybersecurity.
“Cyberattacks on important assets will increase, and blockchain will be at the core of successfully averting them,” a Business Wire press release noted. “Blockchain adoption will enable administrators to gain better visibility of procedures at various junctions of the governmental value chain.”
“The technology will be extremely beneficial for segments such as managing digital identities, regulating international financial settlements, and securing defense procurements and weapon systems,” the release added. “Moreover, future battlefields will use computer-controlled and IoT-based communication platforms. Blockchain will be a vital component in encrypting and safeguarding battlefield strategies.”
Get Active Growth Exposure to Blockchain
Passive management outperformed active management during the recent decade-long bull run, but the tide is starting to turn. As such, actively managed opportunities are worth noting, especially when it comes to getting exposure to the high growth potential of blockchain technology.
Investors looking for active strategy opportunities can look to exchange traded funds (ETFs). In particular, the Amplify Transformational Data Sharing ETF (BLOK) is an option to consider.
The fund features an active management strategy that can flex with the market’s movements by putting holdings in the hands of seasoned portfolio managers. BLOK adds diversified exposure and cryptocurrency exposure without investing in the currencies themselves.
While the majority of the fund (75%) contains holdings in North America-based companies, the fund also adds a touch of diversification with holdings in Western Europe and Asia-Pacific. This allows the fund to gain exposure to growth opportunities abroad where blockchain technology could be utilized to its fullest extent.
The fund invests in companies partnered with or directly investing in companies utilizing and developing blockchain technology, the technology behind cryptocurrencies like bitcoin.
Summary of BLOK’s features per its product website:
- Global equity portfolio of professionally selected companies involved in blockchain technology and indirect crypto exposure.
- An active management approach could enable the fund to remain flexible, make timely decisions, and identify companies that are best positioned to profit from the developing blockchain technology space.
- Convenience and transparency of the ETF structure.
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