Magma introduces their ‘Digital Twin Token’ technology to digitise property records and operations through a blockchain-verified virtual model of physical buildings. The platform aims to clear the chaos of property records and turn buildings into verifiable digital assets.
Magma has been illustrating its ‘Digital Twin Token’ system at industry events, pitching it to automate maintenance, compliance, and financing workflows for buildings.
Magma’s ‘Digital Twin Token’ system couples together a building’s 3D model, scanned documents, permits, and IoT data in a verifiable on-chain record used to automate maintenance, compliance, and financing workflows.
Miami has been actively seeking PropTech and tokenisation companies in connection with its strategy to become a finance and tech hub. Magma’s opening in Miami indicates the city’s success in attracting innovative real estate technology firms, which could lead to new jobs in data operations, building intelligence, and AI-enabled real estate services.
Magma expects to hire locally as it upscales its US operations from the new Miami office. The company’s platform utilises a combination of digital twins, blockchain traceability, and AI to streamline messy ownership and permitting records.
