3 Ways Blockchain Tech Will Improve Your Financial Outlook

To many, the word “blockchain” is enough to make their eyes glaze over with confusion, or perhaps mutterings about a bubble. It’s fair to say that while knowledge of this new technology is becoming slightly more mainstream, powered by the value of Bitcoin, the innovations that result have yet to fully be adopted by the public at large.

If you are somewhat confused by blockchains and the potential they offer, then you’re going to want to read on. Blockchains may just be the future of the world as we know it– but you don’t have to be a speculator or adventure capitalist to make the most of what this technology has to offer. In fact, the promise of blockchains doesn’t just impact big financial institutions or tech impresarios– blockchains have the potential to make a huge difference to your specific personal finances.

Firstly, what is a blockchain?

A blockchain is essentially a way of processing transactions that removes the middleman. It is best illustrated using an example of a person wanting to buy something from another person online. At the present time, this transaction would proceed as follows:

  • The Buyer has an account with a Bank.
  • The Seller also has a bank account.
  • The Buyer makes a payment to the Seller.
  • The transaction is processed by the Bank.
  • The Seller then receives the funds and withdraws them to their Bank.

There are essentially three parties involved in a transaction:

  • The Buyer
  • The Bank
  • The Seller

The bank acts as a means of verifying and confirming that that transaction has taken place; the Bank removes the money from one account, deposits it in another, and holds information that confirms the fund switch. Only the Bank, the middleman, has access to the details about both sides of the transaction.

What blockchains do is remove the need for the third party in the transaction; in this case, they remove the need for the bank.

  • The Buyer sends funds via a blockchain to the Seller.
  • The Seller receives the funds and can then do with those funds whatever they choose.

This transaction is verified by the blockchain, in an open ledger, where everyone can see what transactions have been processed. That information is not held by the bank, but by anyone with access to the blockchain.

Why are blockchains beneficial?

By removing a middleman, transactions are easier, more transparent, and — and this is the first point that will impact your personal finances — free from charges.

In the above scenario, the Bank can levy a charge for processing that payment and acting as the middleman– that’s how they make money, of course. With a blockchain, the method of verification cannot be subject to a middleman’s fee, because there is no middleman.

If you have ever had to pay a fee to send money, use a bank account, use a debit card, or anything related to financial transactions, blockchains are a way to prevent that from ever needing to happen in future. The blockchain works as a network to confirm the transaction, ensuring no single institution or person holds all of the data regarding that transaction– and that means no one can levy a fee for the usage.

Why would people send money so… non-securely?

There are two answers to this questions:

  • Users do not send the money non-securely. All transactions are encrypted; that’s where the “crypto” in “cryptocurrencies” comes from.
  • Users do not send money. They send tokens or coins (the terminology varies) that are representative of money. Bitcoin is an example of a token.

Can blockchains only be used for making financial transactions?

Absolutely not. The same technology — group verification of transactions rather than individual third-party verifications — can be used for a variety of different applications.

The second area where blockchain technology stands to improve your finances is in real estate. Not only do blockchains allow for easier real estate purchases; as I-House and IHT Coin have demonstrated, they also allow for multiple users to invest in property as a group. This means that if you have been unable to conventionally invest in real estate due to high purchase prices, blockchains could help – they represent a method of investing in property without having to cover the entire price.

Given that real estate is considered a great bet for investment, the fact that blockchains can make real estate investment more accessible can only be considered a positive.

Anything else?

The last way that blockchain technology is set to improve your finances is simple: it will make signing contracts far easier than it currently is. No more printing off a contract, signing it, scanning it, and emailing it– blockchains can power smart contracts that allow you to manage your financial affairs in a simpler, clearer way. This saves money, effort, and not least, a whole lot of time that would previously have been spent just waiting around for someone else to do their job.

Hopefully you found the above primer on how blockchains can improve your finances beneficial!

A Residence in the Sun

At the end of your life, you will find yourself wondering about where to spend the last of your days in comfort. You may have spent your whole life working, or you may have spent it doing what you love. Indeed, residential real estate is a topic that features so much on people approaching their retirement years.

But chances are you now have wealth and are looking forward to spending some leisure time before you are too old to have fun. There are many places in the world to do this but only one area is known for being the perfect spot for retirement, and that’s Florida.

In the sunshine state, you will find countless places to stay as you look for your residence in the sun. Nonetheless, you will find yourself inescapably buried in less than high-end options.

Retirement homes and poor construction abound in the area as the influx of the less discerning buyers needs to be filled. For you, however, as a person of class, there are better options. Places made with only the best in life in mind and from materials that are as tasteful as they are exquisite.

Indeed as buyers of high-end tastes do exist and grow in number every day, it is expected that there would be housing to accommodate them as well. Within these palatial abodes, several luxuries are anticipated and provided for amply.

Things such as glorious oceanfront views and marble flooring, as well as the latest in smart home technology are just some of the glorious things awaiting you here. While some will claim to have these features in spades only three residences in Florida will genuinely meet all expectations of those interested in the tasteful luxury real estate of the area.

Icon Brickell

Set at the edge of the Miami River and located within 30 minutes of the city’s famed business district this modern architectural marvel is a treat for both the retired looking for a luxury condo and for buyers of means who want a beautiful spot to retreat to. It has gorgeous flowing interiors designed by noted artist Philippe Starck and a downstairs coffee shop noted for its excellent brews that can be enjoyed while gazing from the shop’s panoramic window.

For intellectual stimulation, there is included within the building a chess room, where the interior as much as the game enhances the mind and adds an aura of intelligence. If parlor games are more your style though, don’t worry as the Icon Brickell also has a billiards room for non-stop fun and games. Don’t think you’ll be spending all your time inside though; the Brickell also includes a beautiful park terrace for outdoor recreation in the Miami sun.

Muse Residences

For those with more of an intrinsic luxury in mind, there is the option of Muse, a Miami located condo complex that focuses on material and construction value over that of communal areas. Every suite at Muse has a few essential traits that mark them as one of the most lavish places to live in the entirety of the United States. These include 12 foot high ceilings, ocean and coastal views in every room, terraces that come complete with summer kitchens, and biometric security in private elevators to name a few.

To make the Suites even more attractive, they have been thoroughly furnished with items selected by superstar designers Antrobus and Ramirez and bespoke cabinetry made by Helidon Xhixha. If these names are not enough to please you, the bathrooms also feature fixtures manufactured by the Dornbracht and Duravit companies.

Auberge Beach Residences

Unlike the previously mentioned two options this particular residence in the sun is found in the city of Fort Lauderdale, this does not make it any less luxurious, however. Built along only the most beautiful beachfront available Auberge beach resorts is more than a competitor to Muse and Icon Brickell with its superb design features and high-class feel.

The amenities of the resort are as various as they are luxurious. Multiple cabana lined swimming pools, and a fully staffed world-class spa are just a few of which to speak of. A concierge service is found at all hours to attend to your every need and while living at Auberge the resident of a more distinguished may want to try out the wine cellar and world-class dining selections available.

When you are looking for where to spend your retirement in the golden sun, it is an undisputed fact that you must look no further than the sunshine state. It is there that you will find these three exceptional residences along the ocean. Indeed in them, you will find a place to call your palace honestly.

Pursuing a Career in the Catering Industry

Catering is an extremely appealing career option, so it’s not all too surprising that you’re here reading this piece on pursuing a role within the sector! The good news is that wherever there are people, there’s almost always going to be demand for dining and drinking out. After all, this is an area where we love to spend our cash! Not only do we need food and drink to survive, but establishments specialising in it give us somewhere to experience cuisine and dishes that we may not be able to craft or perfect ourselves at the same time as offering up a social spot where you can catch up with friends and family outside of the home. So, it’s time to find your role in this constantly flourishing area! Here’s everything you need to know.

Choosing an Area of Specialism

First things first, you need to settle on an area of specialism. This is by no means fixed, and there is always room for progression, but when you first head into the job market, it’s best to have a relatively good idea of what you want to do and where you want to do it. There are three major areas of work when it comes to catering: the accommodation sector, the food and drink industry, and food catering. Accommodation covers workplaces such as hotels and bed and breakfast establishments. The drink sector covers bars, pubs, cafes, tea houses and clubs. The last sector, food catering, is the most sprawling and expansive. If you head into catering, there’s a good chance that this is your best bet for getting work. It covers restaurants and various other eateries such as takeaways. As you can imagine, all of these sectors offer various roles. You may be working in the kitchens as a chef, porter, or pot wash. Perhaps you’ll be front of the house, serving as waiting staff or service assistants. While choosing a specialism may be difficult, it’s essential, as the roles of each individual in each different place will vary greatly and you’ll have to craft entirely different CVs for each position

Health and Safety

No matter where you work in the catering industry, you’re likely to have to follow strict health and safety regulations. Why? Well, to put things simply, you’re going to be dealing with other people and members of the general public on a daily basis, and you’re going to have to take on a certain level of responsibility for them. Sure, there’s going to be health and safety to take into account when it comes to food preparation. This is extremely serious and not to be taken lightly. When you are dealing with products that people are consuming, you have to take all precautions possible to ensure that what you offer them doesn’t cause them harm. You should find out if you need a food handler certification. In some states this an absolute essential, in others it is optional. However, either way, it is recommended. It will cover all sorts of ground, including good hygiene practices, prevention of contamination, prevention of cross-contamination, cooking times and food storage temperatures, and a thorough knowledge of what causes foodborne diseases, how to prevent these outbreaks, and how best to deal with them should they arise. Beyond food-based health and safety, you will also have to be aware of other forms of health and safety, such as how to deal with slips and trips in the workplace (when suffered by yourself, colleagues, or customers), how to deal with and store equipment and cleaning products, and other basic safety protocol.

Training

Once you’ve got the health and safety basics out of the way, you’re generally good to go! There are courses out there that help you to train in very specific sectors such as cooking fine food, crafting desserts, or producing the perfect cup of coffee. However, most positions will offer on the job training where you learn as you go along. It’s important that you are still committed to this though. You need to take everything seriously in order to progress as your employer will expect you to. Remember that the better your performance, the more likely you are to receive tips or promotions in catering. This is a sector where it can be relatively easy to make your way up the career ladder, so invest your full effort from the start, and you will go far. Never be afraid to ask questions if you feel lost or unsure of something you’re doing. Your senior colleagues are there to help!

Be Flexible

Nowadays, staff do tend to be expected to show flexibility in their roles. So be prepared to take on aspects of other roles should you need to. Every role is equally important and should someone not be able to work, other members of staff are generally expected to pull together to cover their responsibilities and tasks until their return. While you may not be given specific training in others’ job roles, you can always pick up tips and tricks by simply becoming familiar with exactly what it is that your colleagues do on a day to day basis and keeping an eye on how they go about things. You can then mimic their behaviour and habits should you need to carry out any of their work. This shows commitment to your establishment and highlights you as a particularly valuable member of staff.
While positions in catering are always there and carried out by a wide variety of individuals, it’s important that you don’t underestimate the work that will be involved in jumping into this industry. Remember that at times you may have to deal with difficult customers, difficult colleagues, and difficult situations. But at the end of the day, your hard work will pay off, and this can prove to be a viable and profitable career path. So, start looking for positions, applying for roles, and honing your craft. It won’t be all too long until you get your foot in the door of the industry!