In Asunción, the capital of Paraguay, the tokenization of the Innovation Valley (AIV) project is set to commence utilizing the Polkadot ecosystem. The token issuance aims to provide holders with dividends and voting rights.
Tokenization of the Project
According to a blog post from Polkadot, the tokenization of the Innovation Valley project will be handled by Paradata through the Better Use Blockchain platform operating on a Moonbeam roll-up within the Polkadot network. The initiative will be financed based on a land plot valued at approximately $6 million.
Structure and Features of the Project
Innovation Valley will include a hotel, convention center, university, and data center. As part of the tokenization process, a total of 130,000 share tokens will be issued, compliant with Paraguayan legislation, providing holders with dividends and voting rights in general assembly meetings.
Future Plans
Development of the project is expected to begin in the third year when automated profit generation and distribution through smart contracts is planned. The official launch is set for the third quarter of 2025, after which integration with global payment gateways and KYC verification systems will commence.
The Innovation Valley project in Asunción represents a significant step in blockchain technology development in Paraguay, offering new opportunities for automation and transparency in business processes.
