A company named New Page OÜ, which uses blockchain technology to crowdfund real estate, has launched a project called “Project B11G”. It is the first of its kind real estate crowdfunding project in Europe.
Agrello is one of the partners in Project B11G. Together with New Page, Blockhive, Oblicity and CoinMetro on April 2nd, 2019 a pilot real estate crowdfunding project was launched. The project allows investors from all over the world to share in the profits of an industrial real estate development project. The B11G industrial lot is located in Tallinn, Estonia. The lot provides multifunctional spaces for small and medium sized businesses. The spaces, whether they are used as an office space, production area, showroom or for warehousing, are highly adaptable to the needs of new technologies and processes.
Agrello together with Blockhive have formed a joint venture called Tokenote, offering fundraising solution named ILP (Initial Loan Procurement). Tokenote’s first pilot was launched on January 26th, 2018 and its purpose was to fund Blockhive’s operations. It was also the first successful use-case of Agrello ID — Agrello’s digital verification system which allows people and companies to establish legally binding agreements over the blockchain. And now we have got to the point where we have Tokenote’s first third party pilot — Project B11G.
You can also contact the project team directly or learn more about this project via Telegram.