Barbados Project Plans STO to Raise Revitalisation Funds

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SM@RT, a US Blockchain-based Sustainable Economic Development Company, has announced the prelaunch of SM@RT BARBADOS which will seek to finance, via a Security Token Offering (STO), the execution of major development projects in Barbados across 20 different sectors, implementing the advanced technologies of the participating consortium companies. The STO will be in several stages, and will allow international “accredited investors” to purchase “Revenue Share Token” securities tied to specific sectoral development projects.

This new strategic initiative has two purposes. It will introduce into Barbados the first, fully eco-designed and sustainable properties, for development and investment. It is also formulated to accelerate the economic recovery of the island-nation, after a decade of economic decline and international financial rating downgrades. Facing increased competition, limited foreign exchange reserves and a national debt burden in excess of GDP, the road to recovery for Barbados’ economy appeared to be a long and painful one for its citizens. SM@RT says they intend to change that.

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The initiative brings together a global consortium of technology solution companies from diverse economic sectors, including Renewable Energy, Transportation and Aquaculture. These companies are committed to leveraging their new and innovative tech solutions, to drive faster economic growth in Barbados, by attracting a minimum of US$1 Billion in foreign direct investment for development projects over ten years.

As explained by Robin Belle, a social enterprise/technology entrepreneur, Blockchain advocate and architect of the initiative:

“It takes a highly strategic and creative approach, to dramatically transform a country’s economic performance and international standing in the short to medium term. It requires major buy-in and coordinated action by multiple stakeholder groups locally and internationally.” Belle, a citizen of Barbados, is Founder and CEO of SM@RT, the US company behind the initiative.

In its thrust to Revitalize Economic Activity on the island, SM@RT will lead a Utility Voucher OfferingTM (UVO™), which is a Barbados Crowdfunding/Marketing Campaign with the promotional theme #BuildBarbadosBack. It involves the global sale of Digital Gift Vouchers to Barbadians and visitors to Barbados, who love Barbados and want to play their part in supporting the island’s economic transformation.

Visit the official initiative website at https://www.smartbarbados.com

About Richard Kastelein

In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ' The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write.

Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the EuropeanCommission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.

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