Due to the unique nature of crypto-asset markets (such as 24/7 trading and high volatility), a Portfolio Tracker is an essential tool for any trader or organization that desires to manage their crypto-asset portfolio. Portfolio Trackers not only manage price change and give insight into your assets, but they also can perform real-time analysis of markets, gather long term performance data, integrate trading and custodial management tools, and much more.
Building a Portfolio Tracker from scratch (without Blockset) would require costly cloud infrastructure, dedicated Dev-ops personnel to maintain each node, specialized resources that are at the ground level of each open-source project, indexing tools for the blockchain nodes you are managing, custom services for aggregating and translating blockchain data, and a custom API for formating and calling blockchain data into web client context, and many other technical/operational considerations.
Blockset takes care of all the expensive cloud infrastructure, node management, custom services, specialized dev-ops, and more, so that dealing with blockchain data becomes simple and accessible. The Blockset API takes the low-level blockchain data and gives it to you in an application ready format.
Using a Portfolio Tracker is essential for managing your crypto assets, analyzing markets, and gathering data on investment performance. Building a custom Portfolio Tracker allows you to implement unique features that are tailored specifically to your business needs. Doing this from scratch would take extensive custom hardware and software development, requiring you to hire specialized Senior Dev-ops and maintain continuous infrastructure updates and management. Now, with Blockset's API, all that is taken care for you, so getting blockchain data for your Portfolio Tracker is as simple as an HTTP request.
Contact us for any help and questions regarding Blockset implementation.