Stark Networks AG (Switzerland) and Orpheus Energy (Hong Kong) Limited are cooperating jointly in building Blockchain City*Siam, a large-scale physical infrastructure real-estate project, considered as the world’s first fully-integrated “smart-contract city” utilizing blockchain technology as a functional operational IT framework that manages and maintains a commercial and social activities hub.
Located in the heart of Bangkok, beside the major new railway hub on a choice piece of real estate owned by the State Railways of Thailand (SRT) department of the Government of Thailand assigned property, with all approvals being processed exclusively by Orpheus Group companies, partners and associates. This article is a brief summary providing some insights of the development vision for the future.
Blockchain City*Siam is assessed from a conceived valuation of range €2,000,000,000 to €3,000,000,000, and detailed financial assessment, budgeting, modeling and planning has commenced for capital raising requirements.
The first phase financing requirement in the project’s capital investment strategy incorporates private equity investment, a cryptocurrency initial coin offering (ICO) and traditional financing from banks and financial institutions. Once complete Blockchain City*Siam is estimated to provide an annual internal rate of return (IRR) revenue of 15% and possibly higher, depending on the district energy systems impact incorporated into the architectural designs for the site.
Blockchain City*Siam is scheduled to begin construction in 2019 and the official inauguration of the city is envisaged to be by the fourth quarter of 2025.
Key Attributes
· Blockchain City*Siam – structured as a Thailand Board of Investment (BOI) management company in Thailand with JV partners.
· 154 rai (24.7 hectares) on long-term leases for the state and stake holders.
· Granted leases on land owned by the SRT, a partner in the project.
· 300,000 square meters Office Complex with a focus on Technology and Thailand 4.0.
· Trendy Modern High-rise Apartment Buildings, Condominiums, and 5-Star Hotel.
· Over 1,000,000 square meters of Smart Shopping Centers with Recreational Spaces
· High-speed Cashless Connectivity
· Revenues generated by data usage transactions utilising Micropayment architecture.
· Electronic transactions tracking utilizing blockchain encryption.
Highly desired Tenants and Customers
The variety of attractive architectural commercial and residential designs will provide amenities and services for leading global corporations, SME’s and start-up companies, all transacting on the hub, proportioned and distributed over the blockchain technology.
· Leading Hotels and Best Hotel Chains of the World
· Technology incubators, IT innovators
· Data mining companies
· Crypto currency exchanges, crypto mining businesses, crypto services companies
· Business and Residential tenants
· MICE conventions, Tourism attractions, Conferences, Events, Celebrations
Blockchain City*Siam External Links
Once functioning the secure technology driving Blockchain City*Siam is designed to allow for extensions along technology corridors via smart contracts into client businesses and projects in other parts of Bangkok and beyond.
Perceived examples of external links include:
· Rail link from the Bang Sue Central Station hub into Blockchain City*Siam
· Public amenities, historical museum sites, convenience stores and parking facilities
Smart Contract Blockchain Cities of ASEAN and the World
The Blockchain City*Siam model is a State-of-the-art concept for building safe and secure cities comprising of hotels, medical facilities, residential buildings and other construction projects utilizing blockchain smart contracts and security technology.
· Smart Contracts on Blockchain Technology
· Fast and reliable Integrated Banking and Financial Networks
· Wireless integration with existing Telecommunications Networks
· Blockchain safety and Security Systems Monitoring
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FORWARD-LOOKING STATEMENTS Certain information set forth in this article includes forward-looking information regarding the future of the Blockchain City*Siam, future events and projections. Such forward looking statements also included in other publicly available materials such as pictures, videos, blog posts, interviews, etc. Information contained in this note constitutes forward-looking statements. By acting upon forward-looking information created by Stark Networks AG and Orpheus Clean Technologies, officers, associates, assigns, and any third-party service provider, you bear full responsibility in the case of forward-looking statements not materialising.