![]() ![]() The universe of companies that are in the process of implanting the technology has continued to expand significantly over the past year. One of the key scoring methodologies for the Harvest Blockchain Technologies Index that HBLK tracks is having completed the implementation of a blockchain strategy. This attaches the business of customer loyalty and rewards to blockchain tech. ![]() Lately, Phunware has been working on a token-based platform that companies can use to reward users with tokens. Phunware assists companies with their mobile applications and business processes. One company, Phunware Inc.,-which is not currently held in the HBLK portfolio, is in the process of implementing their technology. ![]() Large capitalization companies have thus far been the dominant players in implementing enterprise blockchain solutions.Īgarwal has also seen smaller companies innovating the use of blockchain. Tech consulting giant and HBLK holding, Accenture PLC., has continued to be a leader in blockchain supply chain consulting and is on the cutting edge of new technologies such as the Metaverse while more recently Microsoft has invested into blockchain gaming companies. Large capitalization technology companies, Agarwal explained, have been the leading stories in blockchain adoption this year. These companies are helping enterprise implement blockchain tech in their business processes and cloud infrastructure.” #Capture one youtube software“We have large-cap companies which are not directly related to the crypto economy, and we have smaller companies which are not gearing as much towards cryptocurrencies and more towards the software and technology service side of the sector. “The investable universe of blockchain companies continues to be diverse,” said Kushal Agarwal, Portfolio Manager at Harvest ETFs responsible overseeing for the Blockchain Technologies ETF (HBLK:TSX). As one portfolio manager explained, a new crop of dedicated companies and established large-cap technology leaders are spearheading the adoption of blockchain technology in fields far beyond crypto. That broad-strokes narrative hides another story about Blockchain in 2022 though. Many other smaller, high-growth Blockchain companies have also faced challenges as a result of broader liquidity tightening in capital markets. Since November of 2021, key cryptocurrencies and crypto-economy related companies have struggled. Despite the technology’s myriad applications beyond cryptocurrency, the sentimental association and real exposure many blockchain companies have to crypto markets have left them exposed.
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