MAKE CEO Alex Kelly explains how to turn parking lots into digital assets

Group 1 - The initial focus of blockchain adoption was on digitizing standard financial instruments such as U.S. Treasuries, bank deposits, and public equities, which are considered the "lowest hanging fruits" of the industry [1] - A shift is occurring towards tokenizing the equity and cash flows of private businesses that require liquidity but do not fit the profile of public stock offerings [2] - MAKE, founded in 2016 by Alex Kelly and Michael Steuer, is a product and technology firm developing innovative solutions in sectors like blockchain, public health, and big data [3] Group 2 - MAKE is currently working on a project in the parking industry, where parking lots are equity-heavy assets that generate significant cash flow involving multiple stakeholders [4] - The challenge of tracking revenue is addressed by using blockchain technology to create a "single source of truth" that integrates with the facility's point-of-sale system, establishing an unalterable record of revenue [5] - The company builds its system on the Casper network, creating an "Oracle" that provides a reliable data feed to verify the financial health of the business in real time [5] Group 3 - After cash flow verification, the business creates a special purpose vehicle (SPV) and tokenizes it, with the tokens functioning as security tokens sold to investors [6] - The valuation of these tokens is flexible and tied to the business's performance, utilizing a smart contract connected to the Oracle to monitor data from the parking facility [7] - Revenue generated by the business is used to fund the token community directly via the smart contract using stablecoins [7]