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How Blockchain Can Help Cure COVID-19

May 17, 2020 11:01 PM ETBLCN, KOIN, LEGR, BLOK9 Comments
Jane Edmondson profile picture
Jane Edmondson


  • It may not be as obvious as “stay at home” and “work from home” investment themes, but blockchain will be another important beneficiary of the COVID-19 pandemic environment.
  • Blockchain offers important solutions for payment, supply chain management, and healthcare.
  • While the dynamics for growth for blockchain were already in place, it is an example of another technology whose adoption will be accelerated by the pandemic.

The use of blockchain was already growing at a nice clip thanks to a growing list of usecases spanning almost every industry. Industry research consultant MarketsandMarkets projects that the size of the blockchain market will grow at a 67.3% CAGR over the next five years from $3 billion to $39.7 billion in 2025.

Source: MarketsandMarkets

They predict that the primary sources of blockchain industry growth be driven by:

  1. venture funding,
  2. enterprise investment in blockchain technology,
  3. the rise of blockchain solutions for supply chain management.

Further geographic expansion into emerging markets and the continued growth of private blockchain will also be catalysts for future growth.

Blockchain is transforming from its roots as the distributed infrastructure supporting cryptocurrency, to an important technology in its own right with numerous industries benefiting from its transparent distributed ledger technology.

Source: EQM Indexes

Bitcoin – Digital Gold

That is not to say that it has not been an important time for cryptocurrency as well. Bitcoin (BTC) was the best performing asset of 2019 – up more than 90% and this so-called “digital gold” has risen 9,000,000% over the last decade.

Even in the wake of COVID-19, it remains the best performing asset class of this year, beating Treasuries and gold, teetering around the $10,000 level.


Source: Thomas Lee, @fundstrat on Twitter, as of May 8th, 2020.

Many were anticipating that the $BTC halving would drive up prices further. And famous investor Paul Tudor Jones II gave Bitcoin an important stamp of approval, describing it as a “hedge” against a new era of inflation.

But while bitcoin needs blockchain, blockchain doesn’t need bitcoin. There are important applications of blockchain in the COVID-19 world facilitating contactless payment, supply chain management, and many important healthcare applications.

Blockchain Usecase #1: Contactless Payment

Early in March, WHO warned that banknotes

This article was written by

Jane Edmondson profile picture
EQM Indexes, LLC is a woman-owned firm dedicated to creating and supporting indexes that track growth industries and emerging investment themes.

Analyst’s Disclosure: I am/we are long BLOK.

Business relationship disclosure: EQM Indexes is one of the research partners in the Amplify Transformational Data Sharing ETF (BLOK) and the co-developer of the EQM-Emerita Blockchain BLOK 50 Global Index (BLOK-50). It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. EQM Indexes does not sponsor, endorse, sell, promote or manage any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. EQM Indexes makes no assurance that investment products based on the Index will accurately track index performance or provide positive investment returns. EQM Indexes is not an investment advisor, and makes no representation regarding the advisability of investing in any such investment fund or other investment vehicle. A decision to invest in any such investment fund or other investment vehicle should not be made in reliance on any of the statements set forth on this website. Prospective investors are advised to make an investment in any such fund or other vehicle only after carefully considering the risks associated with investing in such funds, as detailed in an offering memorandum or similar document that is prepared by or on behalf of the issuer of the investment fund or other vehicle. Inclusion of a security within an index is not a recommendation by EQM Indexes to buy, sell, or hold such security, nor is it considered to be investment advice. The author owns shares in BLOK.

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