The Blockchain and AI’s Future of Investing w/Kirill Bensonoff
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Episode Description
Welcome to the Freedom Point Real Estate podcast! Today's guest, Kirill Bensonoff, joins Jeremy Dyer to discuss how blockchain technology impacts the real estate industry, how an investor can use AI to his advantage, and much more.
Kirill Bensonoff, the Co-Founder and CEO of New Silver, is a fervent advocate for crafting and supporting groundbreaking fintech solutions. With a robust background encompassing over 18 years in fintech, real estate, blockchain, and cloud computing, Kirill has successfully bootstrapped two high-growth tech companies to multi-million dollar exits. His journey is a testament to the fusion of expertise and entrepreneurial spirit, shaping the future of financial technology.
CONNECT WITH KIRILL BENSONOFF!
Website: https://newsilver.com/
LinkedIn: https://www.linkedin.com/in/prankstr25/
Twitter: https://twitter.com/prankstr25
CONNECT WITH JEREMY DYER!
Website: https://startingpointcapital.com/
Instagram: https://www.instagram.com/startingpointcapital/
LinkedIn: https://www.linkedin.com/in/jeremydyer
Facebook: https://www.facebook.com/startingpointcapital
Book a Call! https://calendly.com/startingpointcapital/discuss-investing-with-jeremy-dyer?month=2023-12
Summary
Tip #1: Understanding Blockchain Technology
"Blockchain is essentially a network of computers that synchronize a ledger, providing a secure and tamper-resistant platform for transactions," explains Kirill Bensonoff. The technology promises faster, more cost-effective transactions, potentially revolutionizing the traditional real estate market.
Tip #2: Enhancing Transaction Efficiency
"The promise of blockchain lies in its ability to streamline transactions, eliminating the need for intermediaries like escrow agents and title insurers," Kirill highlights. By digitizing property titles as non-fungible tokens (NFTs), blockchain can expedite and secure buy-sell transactions.
Tip #3: Fractionalization and Crowdfunding Opportunities
"Fractionalization allows real estate assets to be divided into shares, facilitating crowdfunding and democratizing investment opportunities," Kirill notes. Investors can purchase shares represented by NFTs, enabling seamless ownership and automated royalty collection.
Tip #4: Leveraging Artificial Intelligence for Due Diligence
"AI tools can empower investors to conduct thorough due diligence, generating educated questions and analyzing investment opportunities," suggests Kirill. Platforms like ChatGPT provide insights, comparisons, and predictive analytics, aiding decision-making processes.
Tip #5: Personalized Investment Recommendations
"In the near future, AI models representing investors and issuers will engage in dialogues to generate personalized investment recommendations," Kirill envisions. AI-driven conversations will optimize investment strategies, leveraging vast data sets to maximize returns.
Tip #6: Continuous Technological Evolution
"Both blockchain and AI technologies are constantly evolving, presenting ongoing opportunities for innovation and disruption," Kirill emphasizes. Investors should stay informed and adaptable to capitalize on emerging trends and advancements.
Tip #7: Strategic Business Growth
"At New Silver, we're focused on scaling our business and developing new technologies to enhance the real estate lending experience," Kirill shares. Strategic growth initiatives and technological innovations drive the company's mission to transform the industry.
Tip #8: Balancing Professional and Personal Commitments
"Balancing professional responsibilities with personal commitments requires effective time management and prioritization," Kirill acknowledges. As a CEO and father, he navigates the demands of both roles while striving for success in both spheres.
Tip #9: Connect with Industry Experts
"For those interested in learning more, reaching out via LinkedIn or exploring resources like newsilver.com can provide valuable insights and connections," suggests Kirill. Engaging with industry professionals and staying informed are essential for continued growth and learning.
Tip #10: Seek Professional Guidance
"Before making any financial decisions, it's crucial to consult with professionals and conduct thorough research," Kirill advises. While technology can augment decision-making processes, expert guidance and due diligence remain paramount in real estate investing.
