BHCV, whose activities centers on energy, real estate and technology firms, will the exclusive partner of SG Blocks for this venture. The initial prototype is anticipated to be unveiled in the fourth quarter of 2019.
Finally, BHCV intends to establish a distribution network to sharply boost the production of data centers. The company intends to create between 150 and 200 distribution centers by 2020. Most centers will remain permanent, but mobile centers will also be developed by the company.
It is believed that the latter will be cost effective to introduce and very adaptable. For example, to reduce energy costs, a mobile data center can be positioned in secluded regions. SG Blocks, established in 2007, uses cargo shipping containers to build regular construction solutions.
Starbucks, Taco Bell, Marriott, Equinox, Aman and several US military branches are among its clients.
Three Swiss companies, Blockimmo, Elea Labs Ltd. and Swiss Crypto Tokens Ltd., a crypto asset service firm, carried out a blockchain powered real estate deal of three million Swiss francs ($2.98 million). 18 apts and a restaurant were included in the deal.
In February, the Ohio County Auditors Association established a working group to explore the benefits of blockchain in transferring property deeds effectively. It will look at the manner in which blockchain can boost efficiency and administration of property transactions and land ownership transfer across several counties.