In partnership with Fetch.ai, a Cambridge-based artificial intelligence lab, we today announced the launch of M‑ZONE, a smart city zoning infrastructure trial in Munich. Using AI-powered software agents to optimize resource usage and reduce the city’s carbon footprint, we predict the mass implementation of smart city infrastructure will result in 34,000t annual CO2 emission reduction.

Landlords and the City Council are interested in optimizing the parking space management to allow for available parking for all corporate tenants employees while organizing the traffic flow and preventing commuter traffic jams. Our system incentivizes community use of public transport through a tokenized incentive system while reducing the congestion that accounts for a great deal of Munich’s CO2 emissions.

Multiple Benefits for Stakeholders

• Individual commuters and drivers save time, money, and reduce driver stress.
• Property owners will get simplified approvals for new development projects.
• Tenants can lower their rents through dynamic parking spot sharing.
• The city council can optimize traffic flows.
• The environment benefits from saved CO2 emissions

M‑ZONE users are incentivized to reduce their number of car trips to the “Blockchain Building Connex” and adjacent corporate buildings through a reward system, measured by the utilization of parking spaces. Each registered user who is a regular car park user will be rewarded with a certain amount of tokens per minute for not parking at the parking lot. As soon as a car (or its related wallet address) is registered as ‘parked’ by the parking agent, the token flow to this wallet stops.

A Massive Reduction Of CO2 Emissions

Assuming a 10% reduction in car usage across Munich alone, the city would see a 34.000 tonnes annual CO2 emission reduction. Scaled up to cover all of Germany, which equates to 1.7 million tonnes CO2 reduction annually. This smart city solution can penetrate huge markets simply by tapping into wasted data and utilizing it efficiently.

Users are incentivized to reduce their number of car trips to the Connex and adjacent corporate offices through a reward system, measured by the utilization of parking spaces. Each registered user who is a regular car park user will be rewarded with a certain amount of tokens per minute for not parking at the parking lot. As soon as a car or its related wallet address is registered as parked by the Carpark AEA, the token airdrops to this wallet stop/slow. The number of tokens rewarded per wallet and minute depends on the current utilization of the parking lot.

Open, Decentralized, Self-Sovereign

In contrast to other smart parking projects, M‑ZONE is an open-sourced, decentralized smart city infrastructure project that values the individual by implementing a self-sovereign identity (SSI) framework. Besides the general openness of the used code that enables other developers to use it and build their applications on top of it, M‑ZONE uses our partner Fetch.ai’s public blockchain technology. In combination with Fetch.ai’s Autonomous Economic Agents (AEA), M‑ZONE is made to be implemented worldwide. The underlying Self-Sovereign Identity (SSI) framework, which will be implemented in the next phase, allows for a completely non-proprietary, privacy-focused system that provides the individual with full control over her identity.

A Promising Collaborative Approach

The latter aspect contradicts enterprises’ traditional assumption that user data could be used freely and exploited. We at Datarella and Fetch.ai think that the individual should be in full control of who uses her data and for what purposes. We know that many incumbents are still attached to the legacy, platform, or ‘dirigiste’ thinking. However, there are also large enterprises that share our beliefs and are moving towards self-sovereignty. We think that M‑ZONE can serve as a good example for strengthening the individual perspective, and we have reasons to believe that we will be joined by like-minded partners soon.

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The magic sauce of RAAY RE lies in the combination of technology / digitization and the understanding and profound expertise in property management, as well as the real estate investment area. The folks at Hammer AG develop and run their own commercial properties, over at Wertgrund Immobilien AG billions of Euros are managed in residential real estate funds.

I was invited by Wertgrund CEO Thomas Meyer to elaborate on our vision of the Digital OS for Real Estate (German). Based on the successful launch of our Connex Coin, the first tokenized investment token in Germany, we are looking forward to launching more tokens in 2020 and see the first installation of our Smart Wallet, enabling users to handle financial transactions based on Blockchain technology. Tokens — or, programmable money — are the basis of several products and services we are offering with RAAY RE. I’m excited to be part of this digital revolution!

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The real estate industry has been booming for more than 10 years and most players within the industry have great balance sheets combined with huge profits. Every boom phase comes to its end, eventually. When early market indicators start to change, forward-looking market participants adapt their strategies and prepare for slowing markets. Blockchain is a foundational technology that’s best suited not only for simplifying businesses, streamlining processes and eliminating inefficiencies, which is most needed in times of softening markets but at the same time, blockchain is a great enabler of new business models that had not been possible to offer before.

We have big plans with RRE, aiming at leveraging blockchain technology to disrupt the real estate industry. We will start with tokenizing illiquid real estate assets.

Leveraging Blockchain Technology To Disrupt The Real Estate Industry

Since we at Datarella and RAAY are no experts in real estate, we are happy to have teamed up with Hammer AG and Wertgrund AG, two premier real estate companies with great track records. For me personally, it’s a real honor that Hans Hammer, CEO of Hammer AG, and Thomas Meyer, CEO of Wertgrund AG, are willing to start this fascinating journey together with us. Both of them not only represent highly successful companies, but they are very entrepreneurial types who think outside the box and have this superb mix of being curious and explorative, as well as reputable and down-to-earth at the same time. It’s an absolute pleasure to work with them.

I’m looking forward to co-building RAAY RE with Datarella, RAAY, Hammer, and Wertgrund — a team that is best suited for making the real estate industry more efficient. If you‘re interested in discussing our plans let‘s meet at ExpoReal in October!

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