Reality Shares, Nasdaq Create Blockchain Economy Index

Announcements, Blockchain | November 14, 2017 By:

Asset management firm Reality Shares has teamed with Nasdaq to create the Reality Shares Nasdaq Blockchain Economy Index.

The Reality Shares Nasdaq Blockchain Economy Index is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others.

Reality Shares recently filed an exchange-traded fund (ETF) with the US Securities and Exchange Commission. The ETF will track companies involved with blockchain technology. To determine which companies will go into the index, each blockchain company will be given a blockchain score, based on such things as patent applications and economic impact. The companies will then be ranked based on their score, and the 50 to 100 companies with the highest scores will be in the index.

“The collaboration between Nasdaq and Reality Shares represents a tangible way to track the growth of an industry that may revolutionize the way commerce is conducted, and yet is still in its infancy,” said Fredrik Voss, Vice President of Blockchain Innovation at Nasdaq.

“Reality Shares recognized the tremendous growth potential of blockchain technology, and subsequently teamed up with Nasdaq to identify what we believe to be the leading global companies deploying resources to develop blockchain applications,” said Eric Ervin, CEO of Reality Shares. “As these new applications are deployed, we believe these companies will most likely become disrupters in their industries, with potential to profit at the expense of laggard companies that do not deploy blockchain applications.”