In the year 2019, the Flims Laax Falera Resort in Switzerland embarked on an innovative journey in real estate and hospitality by introducing digital micro-shares on the Daura register, a platform powered by Swisscom.
This pioneering move, coupled with the issuance of its own cryptocurrency, GURU (Greatest User Return Unit), showcased the resort’s commitment to leveraging blockchain technology for financial transactions and community engagement.
Daura Register and Swisscom Collaboration
Flims Laax Falera Resort collaborated with Swisscom, a major telecom giant in Switzerland, to issue digital micro-shares on the Daura register. These micro-shares, representing ownership stakes in the resort, were encoded in smart contracts, providing a secure and transparent way for transactions to occur. The use of blockchain technology on the Daura platform brought efficiency and trust to the issuance and management of these digital assets.
Crypto Shares and Smart Contracts
The issuance of crypto shares encoded in smart contracts was a strategic move by the Flims Laax Falera Resort. Smart contracts, powered by blockchain, enable automated and tamper-proof execution of contractual agreements.
In the context of the resort’s digital micro-shares, this technology streamlined the process of ownership transfer, dividend distribution, and other related transactions, ensuring a seamless and secure experience for investors.
GURU Cryptocurrency for Resort Facilities
In addition to digital micro-shares, the Flims Laax Falera Resort had plans to issue its own cryptocurrency, GURU (Greatest User Return Unit). This bespoke cryptocurrency was designed to facilitate transactions within the resort, offering a novel way for visitors to access and utilize the facilities.
The introduction of GURU not only demonstrated the resort’s commitment to innovation but also created a self-contained ecosystem for its patrons.
An intriguing aspect of the Flims Laax Falera Resort’s approach is the interconnectedness between the success of local businesses and housing prices with the success of the resort itself. By linking the prosperity of the community to the well-being of the resort, a symbiotic relationship was fostered, emphasizing the resort’s role as a central economic and social hub in the region.
The Flims Laax Falera Resort’s initiatives in 2019 represent a forward-thinking approach to real estate and hospitality. By embracing digital micro-shares, smart contracts, and the creation of its own cryptocurrency, the resort not only demonstrated a commitment to technological innovation but also created a more inclusive and dynamic experience for investors and visitors alike.
As blockchain technology continues to evolve, the Flims Laax Falera Resort serves as a trailblazer, showcasing the transformative potential of decentralized and digitized solutions in the realm of real estate and tourism.