Dan and Sarah Jenkins, along with their high school intern Eddie Loesch, presented an introduction into two very new and somewhat mysterious financial concepts: Real Estate Tokenization and Cryptocurrencies.
While Bitcoin is the best known, most prominent cryptocurrency, it turns out that there are thousands of others – including Ravencoin, which the Jenkins business uses. The Jenkinses also introduced us to the term Blockchain – essentially a spreadsheet – which is a cryptocurrency ledger.
Tokens are representations of an asset, and they can represent fractional ownership of an asset: in this case real property. Liquidity is another advantage cited for tokens in the talk.
About the presenters: Dan was born and raised in River Falls. He attended the University of MN for computer engineering and has been a local general contractor for 18 years. Dan's experience in construction ranges from new construction to full renovations; he also has 20 years of property management experience. Sarah is a real estate agent with Property Executives Realty in River Falls, and together they own Jenkins Property Management. Dan and Sarah have recently started Hydra Chain-Technologies and will be tokenizing real estate on the Ravencoin Blockchain.