4 advantages of Bitcoin in the real-estate industry

4 advantages of Bitcoin in the real-estate industry

We are experiencing a significant shift in the real estate industry. More and more people are engaging in property transactions using digital money. In cities like Los Angeles, Miami, and London, people purchase expensive properties with Bitcoin. Stories abound of developers accepting Bitcoins for new projects in Dubai and New York. Many industry experts are excited about the potential for digital money and blockchain when it comes to real estate. But although digital currency transaction is the future, insiders say that we are not quite there as yet. However, when it comes to real estate market, the many benefits of buying and selling in Bitcoin can hardly be overlooked.

  1. A Bitcoin transaction is cheaper as it cuts costs by eliminating third parties. The fee to process the transaction is only 1%, which is a requirement for Bitcoin transfers.
  2. Also, digital sales are compelling in international property markets because they are quick, and in some cases even instantaneous. They remove the need for transfers between foreign banks and currency conversions, which can slow down the process by taking weeks or even months.
  3. Moreover, it is more transparent than the method for tracking fiat money as the firm just checks the legitimacy of the prospective Bitcoin buyers. Moreover, it is easier and more efficient than traditional currency from a technical perspective.
  4. Buying property in Bitcoin essentially involves fixing the price in fiat money and then converting it to Bitcoin. But the property seller absorbs none of the volatility as long as they exchange it back to fiat money as soon as the transaction is complete.

Mass adoption obstacles

Some Bitcoin analysts are less convinced that the property market would more widely adopt the cryptocurrency. First, the mechanics to convert their cryptocurrency into fiat money is very limited. But the biggest problem is the fact that Bitcoin and property appeal to different types of investors. 

Personal Branding: How to Craft and Harness your Personal Brand to Attract the Right Opportunities

Personal Branding: How to Craft and Harness your Personal Brand to Attract the Right Opportunities

A personal brand is a powerful tool to attract business opportunities to you and position yourself or your organization as a leader in the industry. All too often, business professionals start thinking about their personal brand when they need something – new clients, a new job or a favor. Smart business professionals are proactively building and growing their personal brand to attract the opportunities that they want in their career.

Over 13 years ago I started thinking about my personal brand. Not because I was forward thinking, but because I had a Myspace Page (yes, that long ago) and started getting friend requests from industry professional contacts. While I didn’t mind sharing my personal side, I also felt it was important to have a professional presence. This was before LinkedIn, so I created a blog and started to share what I was doing with social media marketing. I quickly became a recognized thought leader and generated clients, job offers (that I didn’t even think I was qualified for), and other opportunities.

Since then, I’ve become even more proactive about my personal brand and have a deliberate presence online and in-person. My efforts in personal branding have resulted in two book deals (a Dummies book and a textbook), media appearances on CNN, NYT, and the Wall Street Journal, job offers, speaking gigs, and clients. I’ve continuously been amazed by the opportunities that my personal brand attracted. I wanted to help others have the same success, and for the last five years I’ve been working on Launch Yourself! Define, Design, and Deliver a Powerful Personal Brand, my 6th book!

Many people think that online personal branding is about a good LinkedIn profile, or a big network. But in reality a strong personal brand is about crafting and delivering a consistent and memorable impression. There are three vital steps to do this: Define, Design and Deliver.

Step 1: Defining Your Personal Brand

Before you even start building a presence, think about your goals and objectives for your personal brand. What do you want from it? Who do you need to reach? Then think about yourself – what are your strengths and opportunities in the industry that you can feature. How do you benefit the people that you work with? At the end of this you should have a clear idea of your personal brand statement that summarizes your goal, your professional description, your personality, your professional solution, and the benefit that you provide.

Step 2: Designing Your Personal Brand

Designing your brand is where you start to think strategically about the elements of yourself that you want to highlight. The biggest brands in the world like Apple, Starbucks, and Tide use specific elements to design their brands so that people choose them. These same principles can be used to design a personal brand. Your personal brand should be Memorable, Authentic, Distinctive, and Credible. You’ll want to bring your brand to life as consistently as possible, so doing some work upfront to design your brand is vital to your execution.

Step 3: Deliver Your Personal Brand

Finally, deliver a powerful personal brand by bringing your brand to life online and in-person. In-person focus on being consistent and refining your brand over time based on feedback. Online, LinkedIn is a powerful channel to start with by increasing your activity there. In addition, a personal website sets the stage for your online presence, and using less formal channels like Facebook or Instagram strategically can further increase your presence.

To learn more about Personal Branding check out our Personal Branding Webinar taking place on August 22, 2019.

Photo by Jia Ye on Unsplash

Richard Pearce, CME to be installed to SMEI Board of Directors

Richard Pearce, CME to be installed to SMEI Board of Directors

Business News from Sales & Marketing Executives International www.smei.org

(New York, NY) – (08/07/2019; 09:00 EDT) – Along with 14 directors for 2019-2020, Richard Pearce, Director of Marketing, Carter Automotive Group, will be installed as a director on the board of Sales & Marketing Executives International, Inc (SMEI).  The installation of the international board of directors will take place in Las Vegas, NV on September 15, 2019.

Along with fellow directors, Mr. Pearce will participate in the promotion of SMEI’s Five Founding Principles™ and focus on the strategic development of the association’s mission and vision.

“Richard Pearce’s alignment with SMEI’s principles has been evident in his exemplary leadership as a sales and marketing management professional,” stated Willis Turner, CAE, CME, CSE, President & CEO.  He continued “We are truly grateful for his desire to serve in this capacity on the international board.”

Richard Pearce, CME is an accomplished Senior Marketing Professional with over 20 years of international experience, both – agency and client side, and is a UBC – Sauder School of Business graduate.

About Sales & Marketing Executives International, Inc.

Sales & Marketing Executives International (SMEI) is the sales and marketing communities’ worldwide professional association dedicated to Five Founding Principles™: Ethical standards; Continuing professional development; Knowledge sharing; Mentoring students; and Advancing free enterprise.

SMEI’s Mission:
We inspire sales and marketing professionals to attain their highest level of competence by setting a global standard of professional credibility enhanced by relevant knowledge sharing and mutually rewarding peer connections.

SMEI’s Vision:

To be a globally recognized association of sales and marketing professionals whose mandate it is to certify professionals and support them continuously throughout their professional development with educational resources and network access.

For more information, visit www.smei.org.

-30-

Dr. John Shearer to be installed to SMEI Board of Directors

Dr. John Shearer to be installed to SMEI Board of Directors

Business News from Sales & Marketing Executives International www.smei.org

(New York, NY) – (07/30/2019; 09:00 EDT) – Along with 14 directors for 2019-2020, John Shearer, Ph.D., Director of Sales with Eberle Design, will be installed as a director on the board of Sales & Marketing Executives International, Inc (SMEI).  The installation of the international board of directors will take place in Las Vegas, NV on September 15, 2019.

Along with fellow directors, Shearer will participate in promotion of SMEI’s Five Founding Principles™ and focus on the strategic development of the association’s mission and vision.

“John Shearer’s alignment with SMEI’s principles has been evident in his exemplary leadership as a sales and marketing management professional,” stated Willis Turner, CAE, CME, CSE, President & CEO.  He continued “We are truly grateful for his desire to serve in this capacity on the international board.”

John Shearer holds a Doctorate of Business Administration (DBA) in Entrepreneurship & Business Management, Masters of Business Administration (MBA) in Marketing & Sales Management, Bachelors of Science (BS) in Political Science & Pre-Law and has twenty-five years of Sales & Marketing Management, and Management Consulting experience with small to large-sized for-profit corporations throughout North America.

About Sales & Marketing Executives International, Inc.

Sales & Marketing Executives International (SMEI) is the sales and marketing communities’ worldwide professional association dedicated to Five Founding Principles™: Ethical standards; Continuing professional development; Knowledge sharing; Mentoring students; and Advancing free enterprise.

SMEI’s Mission:
We inspire sales and marketing professionals to attain their highest level of competence by setting a global standard of professional credibility enhanced by relevant knowledge sharing and mutually rewarding peer connections.

SMEI’s Vision:
To be a globally recognized association of sales and marketing professionals whose mandate it is to certify professionals and support them continuously throughout their professional development with educational resources and network access.

For more information, visit www.smei.org.

-30-

Satoshi Nakamoto’s white paper on Bitcoin

Satoshi Nakamoto’s white paper on Bitcoin

Previous blockchain blogpost

Today, many of the blockchain assets are tokens that are distributed as initial coin offerings. It constitutes the Internet’s second business model. Associated jobs have soared as its value has risen. Candidates who understand initial coin offerings, know how to write smart contracts, and have a good understanding of Ethereum would have an extra competitive edge. Interested applicants should read up the online literature on how blockchain works and be aware of the basics before applying in the field.

In my last blockchain blog series, I promised that I would wrap this segment by posting the white paper written and published by an anonymous hacker who goes by the pseudonym of Satoshi Nakamoto, the creator of Bitcoin. Since the publication is in PDF format and because it is too long for a single blog post, I have attached the link for anyone who might be interested to know more about the crypto science behind digital money.

Bitcoin: A Peer-to-Peer Electronic Cash System

Here is an abstract of the white paper:

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they’ll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.

Evolution of blockchain technology ecosystem

Evolution of blockchain technology ecosystem

Previous blockchain blogpost

Charlie Shrem the first Bitcoin felon went to federal prison in 2015 for 2 years. Upon his release he went about strengthening the ecosystem of blockchain. A real breakthrough came when he created a prepaid Dash debit card. He then joined Intellisys Capital and decided to raise funds in the form of initial coin offering but got cold feet, as he feared the intense scrutiny from the authorities and eventually backed off.

The Bitcoin community in the early days believed that the free flow of capital is a human right. The members were together in its sense of mission, which they considered was righteous. Because the digital currency circumvented central banks, many of its first adopters were libertarians, black marketers and anarchists who wanted to conduct business away from the watchful eye of the government. They were gleeful at Bitcoin’s impending triumph and enraged by any show of malice or incompetence by the big banks and the government.

Leads to collapse

Source: Twitter

Source: Twitter

A case in point is Charlie Shrem, the founder of Bitinstant, who was the first Bitcoin felon. He squandered the opportunity to make the company a world-beating one by helping drug dealers source funds. Upon his arrest, Tyler and Cameron Winklevoss, the venture capitalists, disavowed Shrem and would go on to scoop up 1% of all the Bitcoins. Depending on each person’s point of view, this fact makes Shrem either a martyr or a criminal who got what he deserved.

Job at Jaxx

After the release from prison, Charlie Shrem was ready to seize any suitable opportunity that came along to get in on the door. That lot fell to a full-time job as the head of business development at Jaxx mainly because the values of the company appealed to him. Shrem is no longer operating for himself but has landed a job at this startup that allows holding separate balances of different digital coins in virtual wallets. It also lets users exchange virtual currencies and digital money with one another all over the world. Anthony Dilorio, an entrepreneur who was also the co-founder of Ethereum, founded Jaxx too. The company wants to expand to China and Shrem will play a crucial role in that process. He is in charge of working with developers and turning relationships into revenue.

Right the wrong

Jaxx

Jaxx

Today, Charlie Shrem is a free man whose world has changed dramatically for the better and is using his skills to strengthen the community. He thinks that if he can build Jaxx, he will be an industry player again like old times. Having helped Bitcoin grow to a giant, he is confident he can tell which ones do not have real promise and which ones have. He expects to see technology where Bitcoin, Dash, Ethereum and other networks communicate. For instance, the balance in a Bitcoin wallet could trigger an Ethereum contact and vice versa.

Blockchain digital tokens

Today, many of the blockchain assets are not digital currencies like Dash or Bitcoin. They are tokens. They are different from digital money because they lack a blockchain. Instead, they run on existing blockchains and are built for specific applications, like a marketplace for computation, a blockchain-based advertising platform, or a crowd-sourced prediction market. These days $6.6 billion worth of digital tokens change hands every day, and the numbers are growing.

Initial coin offerings

The creation of digital currencies is through mining, but the production of tokens is through distribution in crowd sales called initial coin offerings. These crowd sales raise funds and give potential investors their first opportunity to grab a piece of the service. A token is a wealth-sharing mechanism where everyone, from hedge funders to consumers, places bets on or take positions in the future of the Internet. Several initial coin offerings have been launched already raising $230 million in 2016, followed by $450 million in 2017.

Digital token business

The tokenization craze constitutes Internet’s second business model, says Carlson-Wee a hedge funder who is backed by Andreessen Horowitz. Take the case of Facebook as a company issuing initial coin offerings as an example. If Facebook had published a token, with its value from the content and connections, then early users would have scooped up a significant amount of those tokens at low prices. Late adopters might have found themselves able to afford just a few. But all who were holders of this digital asset would have been able to participate in the growing success of Facebook. But, of course, this is not the case, and that is not how it works neither is it as easy as that. Only Mark Zuckerberg and company stockholders share the value of Facebook. Most other platforms operate on the same principle where their owners extract value from interactions between users.

Career in blockchain

Careers in Blockchain

Careers in Blockchain

It is the cryptocurrency gold rush era, and associated jobs have soared as its value continues to rise. According to the job site Freelancer, cryptocurrencies have been one of the rapidly growing online jobs. The practice of code-breaking known as cryptography, which is central to cryptocurrency, has also seen an increase in interest on the site. According to Zippia.com, a career website, most cryptocurrency jobs are for developers with tech skills including building full stack applications. Companies are searching en masse for qualified developers, promising substantially high salaries.

Skills worth sharpening

Job candidates who understand initial coin offerings would have an extra competitive edge. It is a method borrowed from the financial sector whereby capital is raised by putting up a new virtual coin for public sales. Knowing how to write smart contracts and a good understanding of Ethereum is another skill worth sharpening.

Awareness of basics

A variety of literature on what Bitcoin is and how it works is readily available online. Interested applicant should read it up to be aware of the basics before applying in the field. But every blockchain-related job does not require a comprehensive grasp of the technology. Most of these companies also hire people in marketing, communications and human resources, just like any other business.

No unified source

Although cryptocurrency jobs are booming, there are no centralized locations to find them. A simple search on Google for initial coin offerings and token sales will bring up some startups in the blockchain space. Looking beyond traditional job-listing sites would help too and is highly recommended. Looking at specific Bitcoin forums can help find job listings in the industry and keep up with what is happening. Being involved in the cryptocurrency community creates more authentic and reliable means of detecting positions and networking.

Coming up next:

The publication of the white paper written by an anonymous hacker who goes by the pseudonym of Satoshi Nakamoto, the creator of Bitcoin.