Portfolio Management

How to make a cutting-edge Portfolio Tracker using Blockset.

A Portfolio Tracker allows you to track and manage all your crypto assets in real-time, analyze performance, and create custom dashboards tailored specifically to your needs.

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.

Portfolio Trackers without the Blockset API

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.

You would need to do this for every single crypto asset in your portfolio, and/or wanted to track.

In order to develop a Portfolio Tracker you would need to:

  1. Build out and manage your own cluster of blockchain nodes.
  2. Develop a Blockchain proxy service that would be responsible for retrieving the raw data off those nodes.
    • Requiring specialized dev-ops and backup nodes
    • Dozens of functions
    • Messy, Low-level data.
  3. Build a Data Aggregator to take in that data into your own Database.
    • Need to constantly update and refresh your database to new Blockchain reorganizations
    • Find a solution for dealing with "stale blocks"
  4. Build a Data Translator in order to wrangle, refactor, and format the messy data into something that's more usable for business logic and web services.
  5. Build a custom API to pull data from the Database in order to populate the web client .
  6. Create custom services for any features desired such as indexes for getting address balances.
  7. Connect to third-party services for blockchain analytics and market prices.
  8. Design and Develop the front-end Web Client for the Portfolio Tracker GUI.

Portfolio Trackers with Blockset

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.

Blockset takes all the backend hassle of dealing with blockchain data and turns it into a simple HTTP request.

With Blockset, to develop a Portfolio Tracker you simply need to:

  1. Build a small server which houses your own business logic and talks to the Blockset API to receive application ready blockchain data.
  2. Create any custom services or features desired for your project.
  3. Design and Develop the front-end Web Client for the Portfolio Tracker.

In conclusion

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.

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