Caribbean

Blockchain and technology-driven initiative to completely transform Barbados economy

Blockchain and technology-driven initiative to completely transform Barbados economy

SM@RT CEO Robin Belle delivering a keynote at a Blockchain event in Barbados, with the theme “Vision of Future Barbados”.

BRIDGETOWN, Barbados – SM@RT, a US blockchain-based sustainable economic development company, announced the prelaunch of SM@RT BARBADOS™. 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 intends to change that.

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.

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