Magma & Akila: Blockchain meets Digital Twins for a groundbreaking partnership

Magma & Akila: Blockchain meets Digital Twins for a groundbreaking partnership!

Dec 2, 2024

Magma, a pioneer in blockchain-backed real estate technology, is thrilled to announce its strategic partnership with Akila, a leading innovator in smart building technology and sustainability solutions. This groundbreaking collaboration merges blockchain, digital twins, and artificial intelligence to reshape the way we envision and manage real estate.

Revolutionizing Real Estate with Technology

The partnership leverages Magma’s expertise in tokenization through its Digital Twin Token (DTT®) and blockchain powered data validation systems, combined with Akila’s cutting-edge solutions for optimizing building performance. Together, we aim to deliver a 360° property management solution that addresses the needs of property owners, managers, service providers, and tenants.

“With Akila’s exceptional capabilities in smart building technology and Magma’s pioneering advancements in tokenization and blockchain, we are poised to set a new standard for innovation in real estate,” said Matthieu Merchadou, CEO at Magma. “This partnership is a significant step forward in our mission to digitally transform the built environment.”

What This Partnership Brings to the Table

• Immutable, Reliable Data Flow
  Powered by Digital Twin Token (DTT®), the partnership ensures a unique, traceable, and immutable data ecosystem that enhances collaboration among all stakeholders.
• Sustainable Operations
  Integrated solutions will streamline energy consumption, maintenance processes, waste management, and CO2 emissions, paving the way for greener, more efficient buildings.
• Cutting-Edge Innovations
  Advanced IoT and AI technologies will unlock new opportunities for digital transformation, empowering property managers with actionable insights and enhancing tenant experiences.
• Intelligent Assets & New Financing Models
  By turning buildings into intelligent, data-driven assets, property owners will gain access to innovative financing opportunities and new avenues for data monetization.

Shaping the Future of Urban Living

The partnership extends beyond building optimization: it is a bold step toward reshaping urban living on a global scale. As cities increasingly demand smart, sustainable, and efficient infrastructure, this collaboration takes a proactive role in addressing these challenges.

“With this collaboration, two innovative ecosystems are coming together,” said Sharon Chen, Head of North America at Akila. “Together, Magma and Akila are unlocking a future where real estate becomes not only smarter but also truly sustainable and inclusive.”

Expanding to the GCC and USA
Magma’s recent establishment of offices in Dubai highlights its commitment to advancing sustainability and innovation in alignment with the UAE’s transformative initiatives, such as DubaiVision2030, UAE Net Zero by 2050, and UAE2031. The GCC region is also a critical focus for Akila, which is dedicated to supporting its ambitious objectives while addressing the unique challenges of its rapidly evolving real estate market.

In the USA, the collaboration will be launched through the Living Building Lab, a pilot project based in Miami. This initiative will engage the city of Miami and key real estate stakeholders to test digital twins and digital asset management across 10 buildings, including commercial, residential, public, and logistics facilities. This project represents a significant milestone for Magma and Akila in their joint efforts to redefine urban living through innovation and collaboration.

What’s Next?

Stay tuned as we unveil upcoming projects and the remarkable potential this collaboration holds for real estate. From traceable data systems to innovative financing models, Magma and Akila are committed to pushing the boundaries of what’s possible in the built environment.

Media Contact

If you have questions or would like to connect with regional teams, please reach out:

Magma
Emre Palandöken
[email protected]

Akila
North America: Sharon Chen
[email protected]
Asia-Pacific: Calvin Sun
[email protected]