If you’ve been on the internet for the past few years, (who hasn’t?!), then you may have come across blockchain. Its global reach has sparked a new way to conduct businesses, and now it’s kind of hard to find an industry that hasn’t been touched by the wonders of blockchain – and the real estate industry is no exception.
Just like the internet or your air conditioner, you don’t really need to know how blockchain operates for you to use it. But since blockchain is taking the world by storm, you might as well know a thing or two about it.
Think about a file or spreadsheet that has been replicated a lot of times and scattered across a chain of computers (nodes). This chain of computers is constantly updating the spreadsheet where anyone who can access the spreadsheet is able to see the updates made.
This, my friend, is the concept of the blockchain.
It’s basically a piece of information that’s located in a blockchain that exists in a shared and constantly updated database. Even though the records in the blockchain…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.