As a way to tap into the potential behind the blockchain technology, investors may look at something like the Reality Shares Nasdaq NexGen Economy ETF (NasdaqGM: BLCN). BLCN tracks the Reality Shares Nasdaq Blockchain Economy Index.

Companies Embracing Blockchain

The Reality Shares Nasdaq Blockchain Economy Index seeks to identify leading global companies that are defining the application for blockchain technology as the first native digital medium for value, similar to those early companies that defined the Internet as the first native digital medium for information.

The underlying index companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others. These Blockchain Companies are committing material resources to further the use and deployment of blockchain technology to streamline the distribution and verification of cross-border payments; more efficiently store and secure cloud-based digital data; facilitate trusted transactions based on data security and privacy; and mitigate risk in supply chain management, among other uses.

Investors may be familiar with many of the names found in BLCN’s underlying index, including Cisco Systems, Intel, Microsoft, International Business Machines, Nvidia and more. The portfolio is comprised of 55.3% technology names, along with 31.9% financials, 9.0% consumer discretionary and 3.8% industrials, so it includes many various industries that are looking into utilizing blockchain to streamline their businesses.

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