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Blockchain is far more than a play on bitcoin

ETFs and start-up companies are among alternatives for investors.

Yan Barcelo 5 March, 2018 | 6:00PM

The bitcoin cryptocurrency disappointed many investors before the end of 2017 when it lost nearly 70% of its value right after reaching a peak of US$20,000. A more promising story, though not as dramatic, seems to reside in blockchain, the underlying and much larger technology driving the bitcoin juggernaut.

Blockchain is destined to find its way into many more applications and businesses, from securities trading in finance and account processing in banking, to component-tracking inside industrial supply chains, and energy contracts between utility companies.

"It has a great potential to displace and disrupt; some announce it as the second coming of the Internet, offering similar opportunities," says Raj Lala, president and CEO of Evolve Funds Group Inc. in Toronto, which on March 6 will launch Evolve Blockchain, an exchange-traded fund listed on the Toronto Stock Exchange under the symbol LINK.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Change Financial Ltd0.09 USD-5.15
NVIDIA Corp522.35 USD-2.59
Taiwan Semiconductor Manufacturing Co Ltd ADR125.20 USD-0.63

About Author

Yan Barcelo  is a veteran financial and economic journalist with more than 30 years of experience, writing for many publications in Toronto and in Montreal, including CPA Magazine, Les Affaires and Commerce.

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