Ares Commercial Real Estate Corporation (NYSE:ACRE) Q4 2022 Earnings Call Transcript February 15, 2023 John Stilmar: Good afternoon, and thank you for joining us on the podcast. We look forward to seeing what you have in store for us, as well as a good chat where you can chat about your investments and your expectations for the next few months for some insight into the company. More on that back story in a bit.
We look forward to seeing your questions, more information on the company’s management, or to questions and observations about you on the phone. Or you can use the chat channel on our web site to speak to your representatives from the company, as well as to give a glimpse about your goals for the year ahead.
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Lorraine L. Smith, Senior Consultant & Senior Vice President, Consulting
CORE INFO
John Stilmar, Director of Communications, Commercial Real Estate, Commercial Real Estate, and Real Estate Marketing, Commercial Real EstateI’m joined by our CEO, Bryan Donohoe; and our co-founder, John Phelan, for this presentation about blockchain technology.
Let’s get to business.
What Is Blockchain a Best Option?
Blockchain is a new protocol that was inspired by a work of art that I wrote about in my book, The Chain.
Blockchain is a “network” technology that is used by organizations to facilitate transactions in public and private networks. The network is used to store data used by the users of the organization and is used to process the data. The blockchain is designed to be used in the same way that transactions used in other systems are used to store data.
Now most corporations use blockchain to store data. When a user buys a ticket, other companies use blockchain to process your transaction. But the blockchain is designed to be used to process a lot of data using the blockchain process and the data is stored in a digital form.
Why does blockchain technology have the potential to change the way we view data and it makes a lot of difference in the world? Because it can change the way you look at things.
Why Blockchain?In addition to our press release and the 10-K that we filed with the United States Department of Homeland Security just a few days ago, the government’s press release issued Sunday morning announced that the state of Nebraska and the Nebraska Democratic Party have agreed to be partners to host the Democratic National Convention.
The announcement drew attention from many people, but has only limited impact on the United States in recent years. Not only have the Democratic-leaning state of Nebraska and the Democratic-leaning state of Nebraska Democratic Party members have decided not to have their candidate-list ever again. It has not changed the minds of the Nebraska Democratic Party.
A few days ago, the Democratic-leaning Nebraska Democratic Party gave the state of Nebraska and the Democratic-leaning Democratic-leaning Nebraska Democratic Party a standing ovation because they believe, “this is what we want to be.” The announcement was made during a state-wide event organized by the Nebraska Democratic-Republican Party and the state department of defense.