Blockchain is a groundbreaking technology that represents a seismic shift changing how almost every industry works. It has especially created new opportunities in the investing and crowdfunding space for smart players looking to grow, profit and have an impact.
WIXOM, Mich. (PRWEB) February 18, 2019
Bill Poulos, President of Profits Run, Inc., recently revealed how blockchain technology is affecting industries, including creating new opportunities in the investment and crowdfunding spaces. Poulos shared, “Blockchain is a groundbreaking technology that represents a seismic shift changing how almost every industry works. It has especially created new opportunities in the investing and crowdfunding space for smart players looking to grow, profit and have an impact.”
Bill Poulos was featured in a recent Forbes article by Abdullahi Muhammed titled, “How Gig Workers Can Fund Their Passion Projects.” In the article, Muhammed describes several ways that gig workers or freelancers can fund their passion projects despite their busy schedules. Muhammed first suggests creating a passive income that can generate revenue without active maintenance or involvement. As an example, he suggests that artists and designers use Redbubble, a print-on-demand service that can take designs and apply them to a range of products such as t-shirts or coffee mugs. He then recommends a more active approach of creating special content for paying members on a platform called Patreon. Lastly, Muhammed suggested an innovative approach to crowdfunding – blockchain. In describing a blockchain platform, he says, “Whirl, a blockchain based crowdfunding platform that was created for project funding. Participants earn karma by helping others boost their projects. Then, they become qualified to seek support for their own.”
Blockchain is a decentralized ledger that records all transactions and is publically available. Each transaction is recorded to the blockchain and cannot be changed. The name blockchain comes from the way the technology is structured. Each block contains a hash, which is a code that represents each transaction. Every time a block is mined or created, all the data contained in the block becomes cataloged and is permanently added to the chain. Blockchain solves the problem of securely tracking transactions without relying on a single centralized ledger.
Bill Poulos is a published author, financial educator, and an avid investor. Poulos went to GMI (General Motors Institute) where he earned an engineering degree. He graduated in 1970 and was then hired at General Motors. While there, he earned his MBA with a major in Finance at the University of Michigan. After a long tenure at GM, Bill co-founded Profits Run, Inc. in 2001. Bill contributes regularly on current finance and economic topics in the news. In 1969, Bill married his high school sweetheart, Karen. They have been happily married for 48 years and have three sons.
About Profits Run
Profits Run was co-founded by Bill and Greg Poulos. Profits Run is a financial research publishing company. The company teaches people how to make more educated investments while applying proper risk management. Profits Run publishes content on exchange-traded funds (ETFs), stocks, foreign exchange (forex), and other options. Profit Run provides training, software, and coaching for every level of experience. The Profits Run Starfish Award recognizes individuals who constantly strive to make a difference in the world.