The developers behind the Lition platform seek to tackle the root causes of climate change head-on. Climate change continues to wreak havoc on a global scale. Recognizing both the need for change and the lack of government involvement, Lition stepped in to revolutionize the clean energy sector.
Climate change continues to occur at an unprecedented rate. Since the start of the 20th century, global sea levels have increased significantly. A recent story published in National Geographic highlighted found that sea levels have increased by almost 8 inches in some parts of the world. This rise in water levels destroys islands and coastal cities.
Additionally, the costs of rising seas are unavoidable. A recent study published by Science Daily places the cost of rising sea levels at around $14 trillion per year by 2100. The study explains that if greenhouse gas levels are not put in check immediately, these costs could reach a staggering $27 trillion a year in damages.
Lition provides users with a more transparent and flexible clean energy model. The platform uses a combination of the worlds most advanced technologies to improve green energy distribution, use, and monitoring. Currently, electric company clients have little to no monitoring capabilities regarding the exact energy use of their appliances.
Lition seeks to change this lack of transparency in major ways. The company is in operation in 11 German cities. This equates to around 41 million households within the country. Lition users gain some hard to beat advantages over their traditional counterparts.
For one, Lition users gain the ability to monitor exactly how much energy their home is using via the platform’s web portal or mobile app. Users can see exactly when their electricity is costing them the most. Additionally, Lition users can buy their electricity from a number of participating clean energy providers.
The flexibility to choose where to get your energy from helps to reduce the overall costs to consumers. Users typically save 30% when compared to the local electric company. If those savings aren’t enough to get you motivated, you can also purchase your clean energy directly from other users in the network. This provides users with the most flexibility when making their energy purchase decisions.
The Lition platform utilizes a combination of blockchain technology and advanced AI algorithms in order to reduce overall costs and electrical consumption. Users can set their home to automatically begin reducing electrical consumption based on the time of day.
To take your savings a step further, Lition integrates the IoT. These smart devices can speak directly to the Lition platform. This allows users to know exactly how much electricity a particular appliance is using. Also, users can even program their smart devices to only operate during off-peak hours. This strategy effectively reduces user’s electricity costs even more.
Berlin-based Lition is the brainchild of Dr. Richard Lohwasser. Dr. Lohwasser was inspired to create this platform after spending ten years in the energy. Here, he realized the shortcomings of the current systems in place. Speaking publicly, Dr. Lohwasser praised his platform’s efficiency and transparency. He even went as far as to say that there is now no way for producers to “sneak dirty coal energy into a clean energy mix.”
A Clean Future
As the world speedily heads towards an environmental crisis the likes of which have never been seen in modern times, it’s crucially important that platforms such as Lition take the reins. Lition is the perfect combination of good intentions, blockchain technology, AI, and IoTs. You should expect to see this platform experience huge expansion in the coming year.
Tokenizing London Penthouses and Greek Island Villas
Luxury Real Estate
With multiple STOs already on the docket from a variety of asset classes, Smartlands has just announced a new collaboration, which will, hopefully, see the addition of multiple more. This move sees the UK based company partner with Sotheby’s International Realty.
This collaboration will see the pair explore the feasibility of tokenizing multiple pieces of luxury real estate. The company notes two specific properties as holding the potential for tokenization.
- Greek Islands Villa
- London Penthouse Apartment
While details on the STOs are scarce, for the time being, it is indicated that the Greek Islands Villa is under management by a world renowned hotel network.
This collaboration spurred Smartlands’ Executive Director, Katharine Manderfield, into commenting. She stated that, “Deals of this level of exclusivity will open a new page in asset tokenisation.”
While many are still figuring out their first steps within the world of digital securities, Smartlands remain one of the few companies to have successfully completed an STO. Not only that, but they are now moving on to subsequent opportunities.
Like any experiences, they have the ability to shape our future actions. Expect Smartlands to learn from their past capital generation events, and apply that knowledge to the development discussed here today. The following articles take a brief look at just what these previous successes were.
Due to the nature of real estate, it has caught the attention of various tokenization platforms from more than just the United Kingdom. While there have been hiccups along the way – such as the failure of Fluidity and Propellr – real estate continues to be one of the more lucrative industries, which stands to be transformed by digital securities.
Despite beginning to branch into different sectors, such as commodities and disruptive start-ups, expect for real estate to remain a popular outlet on Smartlands’ path to reaching the goal of tokenizing $1 billion in assets.
Speaking with Arnoldas
Roughly 6 months ago, we were fortunate enough to have completed an exclusive interview with the then CEO of Smartlands, Arnoldas Nauseda. While he has since transitioned into the role of Chairman, our discussion with Arnoldas Nauseda remains relevant today, offering a glimpse into Smartlands operations.
Sotheby’s International Realty
Founded in 1976, Sotheby’s International Realty is a United Kingdom based company. While many associate the name Sotheby exclusively with fine art, there are company branches, such as Sotheby’s International Realty. This branch specializes in facilitating the buying/selling of real estate, with a presence in over 60 countries.
CEO, Philip A. White, currently oversees company operations.
Founded in 2017, Smartlands is a tokenization platform, which operates within the United Kingdom. Through use of the Stellar blockchain, this forward thinking company has developed a variety of solutions built to make fractionalized ownership of real world assets accessible to the masses.
CEO, Ilia Obraztsov, currently oversees company operations.
In Other News
Not content with opportunities based solely in the United Kingdom, Smartlands recently took their first steps towards operating within the United States. These steps were taken by forming an alliance with a U.S. based broker/dealer, bringing support for state-side investors on their platform.
World Chess to Host Hybrid IPO through Securitize & Algorand
We have noted and commented, on various occasions, that the digital securities sector is seeing an influx of interest from industries that greatly vary.
We are now greeted with news that World Chess is looking to host a ‘hybrid IPO’, which will see the sale and distribution of security tokens as a precursor to an eventual IPO.
This offering stands to be particularly unique, as it is being called a ‘hybrid IPO’. What this will entail, is a multi-step capital generation process, which will utilize, both, traditional means of raising funds alongside an infusion of blockchain technology.
With the help of Algorand and Securitize, World Chess CEO, Iyla Merenzon, has announced that the company will be hosting an STO shortly. This is a first step towards preparing the company for their eventual IPO and entrance into E-Sports.
In the upcoming STO, it is expected that World Chess will be selling roughly 5% of their company represented by security tokens. Investors will retain the ability to convert these tokens into traditional shares once an IPO takes place. Due to the infancy of the digital securities sector, investors/early adopters in the tokens are expected to gain access at a ‘discount’ when compared to an expected IPO share price.
With the rise of E-sports in recent years, chess stands to benefit. This potential for growth, and introduction to new markets, is the reasoning behind the decision to host a hybrid IPO.
Ilya Merenzon indicates that the funds generated from the event will be used to support the growth and adoption of chess within E-sports.
History of Chess
Not many games manage to persevere through the ages, retaining an audience. Most are a product of their time, and simply don’t age well. Chess, however, is not one of these.
Arguably the most well-known game throughout the world, Chess saw its beginnings in India over 1400 years ago. Discoveries regarding its origins are still being made today, with reports of what is believed to be the oldest surviving chess piece recently surfacing.
The love for Chess remains today, as the game has become viewed as historically and culturally significant. This has resulted in a lucrative collectors market surrounding the game – recently made evident by the discovery of a Chess piece valued at $1.3M.
The game itself is not simply a relic which remains popular due to its historical significance. Today, there remains an active population of players, with a few being true masters of the game.
As with most sports, there are usually one or two players in each generation that stand apart from the rest as true masters. Magnus Carlsen – the current chess world champion – is viewed by many as such a player.
Magnus Carlsen is a 28 year old Norwegian, who first became world champion at 22 years of age. To learn more about his unique and fascinating mind/skillset, streaming giant Netflix hosts a documentary detailing the champion.
Tokenized Securities Settled with Distributed Ledger Technology
Distributed Ledger Technology & Token Fueled Settlements
Deutsche Bank has recently announced the successful implementation of distributed ledger technology (DLT), in the settlement of tokenized securities.
This event, spearheaded by Deutsche Bank, saw the participation of various companies.
- Deutsche Bank
- Falcon Private Bank
- Zurcher Kantonalbank
The intent of this trial was to demonstrate the ability of distributed ledger technology to provide an instant, and secure, means of settling trades involving SME securities.
What does it mean to settle?
The settlement of a security refers to a, typically, 24-48hr time frame in which the exchange of money for a security is completed. It is, essentially, the act of delivering either money or stocks to trade participants.
With the usage of DLT and blockchain technologies, many envision a near-future in which this process can be done in a much timelier, and risk free, manner. In doing so, costs can be cut, transparency afforded, and time will be saved.
The trialing and patenting of blockchain and distributed ledger technology among banks is a trend that appears to be growing with time.
Just recently, there were reports of the Royal Bank of Canada attaining patents, indicating an interest in opening a cryptocurrency exchange. While the bank has since spoken out against these intentions, the fact remains that they have shown their hand, and obvious interest in the technology.
In addition to the Royal Bank of Canada, the Bank of America has also shown a keen interest in attaining a variety of patents pertaining to blockchain and DLT.
While their intent is not necessarily clear, what these banks, and others, have shown us, is that they believe there to be potential in blockchain & DLT to change the way they operate. Recognizing that, they appear determined to not be left behind.
Beyond securing patents, there have been multiple instances, in recent months, of banks completing similar actions as those by Deutsche Bank. The following articles are only a couple of these examples.
Upon announcing the success of their trial, representatives from many of the participating companies commented on the event. The following is what a couple had to say on the matter.
Johs Höhener, Head of FinTech, Swisscom, stated,
“DLT has the potential to reach a new level of speed and efficiency in the financial services sector. In order to maintain Switzerland’s leading position in digital assets, cooperation and new platforms are needed. This proof of concept is an excellent example of successful collaboration and innovative strength across company boundaries.”
Jens Hachmeister, Head of New Markets, Deutsche Börse Group, stated,
“It is of strategic importance for us to further develop the possibilities for settlement of securities transactions using DLT. This brings us one step closer to our goal of enabling the financial services industry in Germany and in Switzerland to efficiently use the potential of this new technology.”