In his speech to the Rotary Membership of Aiken on Monday, Dr. Paul Newsom supplied his viewers some encouraging phrases about investing in digital forex.
He stated the principle level he needed to make was “to reassure everyone that in the event you’re going to get into this cryptocurrency, particularly bitcoin, it’s lots safer at this time when the bitcoin community first began.”
Newsom, who’s an affiliate professor of finance at USC Aiken, additionally mentioned blockchain know-how.
“A crucial component of blockchain know-how is the safety,” he stated.
In line with merriam-webster.com, blockchain is “a digital database containing info (similar to data of monetary transactions) that may be concurrently used and shared inside a big decentralized, publicly accessible community.”
Newsom additionally talked about how digital know-how is affecting the actual property enterprise, permitting transactions to happen with out the usage of attorneys.
“This has already occurred (on this nation earlier this 12 months),” he stated. “They created a non-fungible token in america. They positioned that non-fungible token in an LLC, and now within the state of Florida, you should purchase and promote actual property utilizing the Ethereum community.
“Apparently sufficient, the primary one in every of these transactions occurred … in Ukraine,” Newsom added. “So Ukraine was the primary one to ever do that.”
Newsweek reported in 2017 that an condo in that nation had been bought “for $60,000 by way of sensible contracts on the Ethereum blockchain.”
Newsom is also cofounder and managing director of VentureSouth Aiken.
The Rotary Membership of Aiken’s assembly was held at Newberry Corridor.