Leveraging Web3 Technology for Social Good, and Exploring Blockchain Innovation in Real Estate w/ Jarrett Vaughan
Sep 22, 2023
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Jarrett Vaughan, Adjunct Professor at University of British Columbia Sauder School of Business and founder of a real estate investment company, discusses crypto education, fundraising opportunities, and blockchain in real estate. He shares his daughter's journey with disabilities and the creation of an NFT project for social good. The podcast also explores the potential of cryptocurrency for social good and Bitcoin's solutions for the economic situation.
Crypto can be used for social good through NFTs and fundraising for non-profits and regenerative financial projects.
Digibuddies is an NFT project that raises awareness about disabilities and donates a portion of sales to BC Children's Hospital.
Reliable and unbiased crypto education is crucial to dispel the reputation of crypto as purely speculative.
Deep dives
The Importance of Adding Value to Society in Crypto
The speaker emphasizes the reputation of crypto as being focused on NFTs and quick financial gains. However, there is a growing movement to use the industry to add value to society. This includes leveraging NFTs for social good, such as fundraising for nonprofits and regenerative financial projects. The goal is to shift the perception of crypto as purely speculative and highlight its potential to make a positive impact.
The Creation of Digibuddies: NFTs for a Purpose
The speaker shares the story of Digibuddies, an NFT project created by a father and his daughter. The project aims to raise awareness about disabilities and promote compassion and empathy. Digibuddies allows individuals to purchase digital trading cards representing characters with disabilities, with 20% of the revenue being donated to BC Children's Hospital. The project strives to combine the cool technology of NFTs with a purpose and do good for society.
Teaching Crypto and the Challenges of Unbiased Education
The speaker discusses the challenges of finding unbiased crypto education and the importance of providing a solid foundation for understanding the technology. He mentions his own experience teaching crypto courses, where he focuses on offering unbiased education to individuals, particularly middle-aged men, who are interested in investing in crypto but lack technical knowledge. He highlights the need for reliable sources of information to dispel the reputation of crypto being purely speculative.
The Potential of Blockchain Technology in Real Estate
The speaker explores the intersection of blockchain technology, cryptocurrency, and real estate. He mentions the potential for fractionalized ownership that enables small investments in real estate, reducing barriers to entry. He discusses the possibilities of using blockchain for efficient record-keeping, transparent property deeds, and smart contracts. The speaker also touches on the future of real estate transactions and the potential to streamline processes and improve efficiencies.
The Role of Blockchain Technology in Enhancing Trust and Efficiency
The speaker emphasizes the potential of blockchain technology to enhance trust and efficiency in several fields. He highlights its benefits in areas such as health care records, where blockchain can ensure accuracy, authenticity, and accessibility of records. He also mentions its potential in reducing fraud and ensuring secure transactions in countries with poor title or deed record-keeping systems. The speaker believes that blockchain technology can revolutionize various industries by addressing issues of trust and improving efficiencies.
THE EPISODE: Jarrett Vaughan and Host Ashley Smith cover several themes in this episode including crypto & web3 education for the everyday layperson, emerging opportunities for fundraising & non-profits, and the possibilities with blockchain technology & real estate. As a university professor who teaches about cryptocurrencies, NFTs, and web3, Jarrett has deep insights into the blockchain realm, and sees the ebbs & flows of interest in the technology and markets, as well as trends in the demographics of those who are leaning in to learn. Jarrett shares his personal story about his 8 year old daughter, Sailor, who has been courageously navigating multiple physical disabilities since birth, and how she found joy in art during long & difficult hospital stays. This led to the idea for digibuddies, an inclusive NFT project with a mission to raise awareness of the often-overlooked limitations that individuals face. They also aim to donate a portion of sales proceeds to their children’s hospital. In this chat, Jarrett provides an overview of how blockchain can serve charitable giving, some of the current tools, and some of the existing challenges he hopes to see overcome. Ashley & Jarrett also spend time breaking down ideas on how web3 technology may impact the real estate sector, reviewing current uses and ideas for the future. There’s a lot in this episode - listen all the way through to get the most out of it!
EPISODE RESOURCES Visit our website for guest info, transcripts, links, and resources for today's show.
GUEST: Jarrett Vaughan, also known as “The Web3 Prof” is an Adjunct Professor at University of British Columbia Sauder School of Business. At UBC he teaches crypto, NFTs, blockchain technology and marketing. He also founded a real estate investment company in 2006 which he still owns & operates today. He is currently launching an NFT project for social good, based on art that his 7 year old daughter created while she was recovering from her 16th surgery.
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GUEST QUOTE: “Crypto for good is an important movement."