HONG KONG, Sept. 23, 2019 -- Today, Link REIT (Hong Kong stock code: 823) and Allinfra announce an agreement to collaborate on the use of blockchain technology for the digitization of assets, commencing with a pilot solar project. This partnership represents the coming together of two parties seeking to apply blockchain technology to enhance the development of sustainable infrastructure.
The pilot solar project will involve the installation of PV arrays (PV Projects) on a portfolio of real estate assets in Hong Kong,
with the economic, ownership or associated carbon reduction interests
in those PV Projects represented in digital form. Link REIT has a
portfolio comprising retail facilities, car parks and offices across Hong Kong, Beijing, Shanghai, Guangzhou, and Shenzhen
implementing a sustainable business model, and is seeking to be at the
forefront of innovation in the development, financing and implementation
of sustainable solutions.
Allinfra is a developer of blockchain-based solutions for the
digitization of unlisted infrastructure and environmental assets, and is
the exclusive technology partner for Link REIT's pilot solar project,
providing all technology and resources related to the digitization of PV
arrays on selected rooftops in the Link REIT portfolio.
Allinfra is the culmination of years of experience across capital
markets, renewables, infrastructure, and technology, and is led by a
team of veteran industry experts.
"With their commitment to innovation and pushing boundaries, Link
REIT, through this collaboration, have again demonstrated their
willingness to boldly be at the forefront and first to market by
implementing new solutions and technologies. We believe this represents a
significant moment in time for Allinfra and the wider adoption of the
digitization of assets and the application of blockchain technology," said Dave Sandor, Co-founder and CEO of Allinfra.
"Link REIT has an extensive and ambitious ESG program. We are
exploring the potential of blockchain technology to develop innovative
and robust ESG solutions in areas such as carbon reduction and data
management.With their refined asset specific knowledge, years of
experience across capital markets and their partnership with ConsenSys,
Allinfra stood out in the market for us," said Calvin Lee Kwan, General Manager, Corporate Development & Strategy at Link REIT.
GPS McQuhae LLP is advising on the project.