Blockchain Analytics can be beneficial to the federal sector

The use cases for blockchain technology are just as relevant in the public sector as in the private sector. In particular, the use of blockchain analytics can be beneficial in making the federal sector more efficient in its own operations.

“Volume and intricacy make it nearly impossible for human operators to untangle the deeply interwoven threads of activity on a blockchain,” the Federal News Network noted. “Where the human eye cannot possibly account for the scale and complexity of transactions, analytics can paint a clear and definitive picture.”

This is where blockchain analytics can make processing large amounts of data less difficult. As the federal sector implements more blockchain usage, it can invest or employ the services of companies that focus on this technology, thereby opening up investment opportunities.

“Machine-scale analytics is perfectly suited to drill down, organize the data and present understandable insights,” the Federal News Network added. “Data analysis tools make it possible to go deep into the complex web of transactions in a distributed ledger: see the jumps between transactions and identify the relationships between the potentially thousands of exchanges.”

Active blockchain exposure

Investors looking for active as well as global diversification in blockchain opportunities can look to exchange-traded funds (ETFs). Special Amplify Transformational Data Sharing ETF (BLOK) is an alternative.

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 means that the fund can gain exposure to growth opportunities abroad where blockchain technology can be used to its full extent.

As mentioned, the fund has an active management strategy that can flex with the movements in the market by placing the holdings in the hands of experienced portfolio managers. BLOK adds diversified exposure and cryptocurrency exposure without investing in the currencies themselves.

The fund invests in companies that collaborate with or invest directly in companies that use and develop blockchain technology, which is the technology behind cryptocurrencies such as bitcoin.

Summary of BLOK’s features per product website:

• 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.
• Convenience and transparency of the ETF structure.

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