PassivePockets: The Passive Real Estate Investing Show 137. The Future is Now: An Introduction to Emerging Tech Like AI, Cryptocurrency, and the Metaverse with Ben Jorgenson
Discover how decentralized technologies are shaping our future! Join Ben Jorgenson, visionary, CEO and founder of Constellation Network, as he explores blockchain, cryptocurrency, and the frontier of Web 3. Ben simplifies complex concepts like decentralized networks, smart contracts, and blockchain's application to challenges like deep-fakes and data governance. Whether new or experienced, gain insights into blockchain's disruptive potential across industries.
About Ben Jorgenson
Ben Jorgensen specializes in emerging technologies such as blockchain, cryptocurrency, and Web 3. Contracted by the US Department of Defense, Constellation Network is creating an ecosystem for developers to integrate applications with existing Web 2 infrastructure using blockchain technology.
Here are some power takeaways from today’s conversation:
[04:05] Ben’s career background and how he found his way into blockchain
[09:02] What is disruptive technology?
[10:23] Understanding Web 3, blockchain, cryptocurrency, decentralized networking
[17:33] Crypto technology and its potential uses
[23:44] AI, data ownership, and governance
[28:07] Blockchain's potential to validate AI and deep fake images
[39:42] The potential of blockchain to simplify digital transactions and revolutionize the real estate industry
[45:08] Crypto regulations and fundraising with a crypto company owner
Episode Highlights:
[09:02] What is Disruptive Technology?
Disruptive technology refers to anything that challenges societal norms and revolutionizes the way things are done. It breaks open established conventions, offering more efficient, cost-effective, and faster alternatives. Blockchain, for instance, has the potential to disrupt information exchange and validation, particularly in finance. Consider Bitcoin: do we really need multiple layers of institutions to send or receive money from one country to another, like from America to Amsterdam? It's about reimagining traditional processes and embracing innovative solutions that can reshape our world.
[10:23] Understanding Web 3, Blockchain, Cryptocurrency, and Decentralized Networking
Web 3 encompasses various components, including metaverses - alternative digital worlds for immersive experiences - as recently highlighted by Facebook. Unlike traditional Web 2 technology, Web 3 introduces a more interactive and social aspect to online experiences. At its core is blockchain technology, enabling decentralized entities and transactions using cryptocurrency. This decentralized approach addresses concerns about data governance and control, offering the opportunity to reshape the socio-economic landscape and redefine information governance through Web 3.
[39:42] Simplifying Digital Transactions and Revolutionizing The Real Estate Industry Through Blockchain
Blockchain removes middlemen in digital transactions, automating processes through code-based trust. This enables seamless execution of contracts and title transfers, transforming the real estate industry. By streamlining the process and reducing human involvement, innovation in buying real estate and creating funds becomes immense. Embracing technology requires a broader perspective, recognizing its disruptive nature and the untapped potential of reducing intermediaries in real estate transactions.
This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.
Resources Mentioned:
Exponential Organizations by Salim Ismail
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