Blockchain is set to help the finance industry by increasing efficiencies and reducing costs. But companies need to jump on the blockchain bandwagon fast.

"Visa (V) and MasterCard (MA) are right now adopting blockchain into their businesses," said Eric Ervin, CEO of Reality Shares. "However, it could be the Barnes & Noble scenario where they had an online site but they didn't really embrace online retail and they got beat."

Ervin was a guest on TheStreet's Investing in Cryptocurrencies webcast featuring top blockchain and cryptocurrency authorities. Click Here for an Instant Replay!

Reality Shares is out with a new exchange traded fund that covers companies, including Visa and MasterCard, investing in blockchain technology. The fund is the Reality Shares Nasdaq NexGen Economy ETF (BLCN) .

Watch the Full Conversation TheStreet LIVE: Investing in Cryptocurrencies

For more on cryptocurrencies, subscribe to our YouTube channel here:

More from Bitcoin

Tim Draper Is Not Backing Down From His Prediction of Bitcoin $250,000 by 2022

Tim Draper Is Not Backing Down From His Prediction of Bitcoin $250,000 by 2022

Can Self-Regulation Help Save the Cryptocurrency Market?

Can Self-Regulation Help Save the Cryptocurrency Market?

Bitcoin Prices and Emerging Market Stocks Tank - Now What?

Bitcoin Prices and Emerging Market Stocks Tank - Now What?

A Mystery $1 Billion Bitcoin Whale Is Active - What Could It Mean to Prices?

A Mystery $1 Billion Bitcoin Whale Is Active - What Could It Mean to Prices?

Bitcoin Is Here to Stay So Try Investing in It

Bitcoin Is Here to Stay So Try Investing in It