• Chetan Jain

The Blockchain Technology - The Next BIG Thing...

Every now and then, a new technology emerges, and it always takes us to places we have never imagined. We have seen this with the Telephone, Computers, Smart phone and of course the Internet. And now another breakthrough is out here to boldly transform businesses across industries i.e. The Blockchain Technology.


What is a Blockchain ?


How Does the Blockchain Works?


What are the Types of BLOCKCHAIN ?


Remember, the Internet started with email. Now the Internet impacts every part of our lives, but the underlying technology was first used simply to share information between two computers. Just imagine if you could have foreseen how that technology would progress and been able to identify companies that would drive global change (many companies come to our mind). Many experts believe blockchain is the next generation of the Internet and hold vast potential for every business and society.

Many people assume blockchain is Bitcoin. However, blockchain is the underlying technology that enables Bitcoin and many other digital currencies. As we hear, blockchain has a lot of potential applications in areas like Supply chain, Trade , Finance, Insurance, etc.




In India too, the BFSI sector is leading the blockchain adoption. There are many blockchain solution implementations across major banks and insurance companies. Healthcare, retail and manufacturing are also catching up. A lot of our Government enterprises are already using blockchain including – Niti Aayog, Govt of Maharashtra, Govt of Telangana, Govt of Andhra Pradesh etc.




Did you know

The Universal Pass issued for fully vaccinated people is a blockchain secured document issued by Department of Disaster Management, Relief and Rehabilitation, Government of Maharashtra.

In a first, 15 banks in India have come together to establish a new company which will use blockchain technology for processing inland letters of credit (LCs). The company, named Indian Banks' Blockchain Infrastructure Co Pvt Ltd (IBBIC), will have equal shareholding from 10 private sector banks, four public sector banks and one foreign bank. This include RBL Bank, ICICI Bank, HDFC Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank, Yes Bank, South Indian Bank, Federal Bank, IDFC First Bank, State Bank of India (SBI), Bank of Baroda (BoB), Indian Bank, Canara Bank and Standard Chartered. (source: news sources)

Capture this emerging opportunity through a NEW FUND OFFER from Invesco India Mutual Fund. "Invesco India - Invesco CoinShares Global Blockchain ETF Fund of Fund"


Key Features

· The fund will invest 95% - 100% of its assets in Invesco Coin Shares Global Blockchain UCITS ETF.

· The Underlying Fund, Invesco Coin Shares Global Blockchain UCITS ETF aims to achieve the performance of Coin Shares Blockchain Global Equity Index. The index is a benchmark of publicly listed global companies that participate or have the potential to participate in the blockchain ecosystem. It is designed to offer exposure to, and evolve with the growth of, blockchain technology.


The fund offers three key benefits

Diversified portfolio - It offers the opportunity to gain diversified exposure to the growth of the blockchain ecosystem.


Earnings focused - The fund focuses on real earnings potential, not press releases and hype.


Liquidity - It is a liquid way to gain exposure to the growth of blockchain technology.

The underlying fund manages over US$1 bn (approx. Rs. 8041 Crs) in AUM as on 2nd Nov 2021.


The new fund offer opens on November 24, 2021 and will close for subscription on December 8, 2021.


Disclaimer


Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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