Thinking about moving anytime soon? Cryptocurrency millionaire and consumer protection lawyer Jeffrey Berns has announced a new plan that might have a huge impact on blockchain development. Berns is also the CEO of Blockchains LLC. Blockchain City in Nevada – words you never thought would go together, right?
Blockchains LLC purchased over 67,000 acres in northern Nevada earlier this year. This deal was reportedly around $170 million dollars, and the reason for the purchase eluded investors and speculators until now.
An announcement that came just a few days ago revealed plans to create a new desert city. This city will not be dedicated to gambling in large casinos, unlike Nevada’s famous city Las Vegas is known for, but rather, it will be a futuristic city that will run on the blockchain technology.
From a tweet from Blockchains LLC: “Our land in Innovation Park will be a smart city with a decentralized, public blockchain infrastructure underlying all interactions #Blockchainsandbox #Ethereum”.
Blockchain LLC’s goal is to build the first distributed collaborative entity. The city will use numerous initiatives to help the blockchain ecosystem – everyone will have their voting powers and ownership rights recorded right on the immutable blockchain. This will make sure the items that are recorded by the blockchain are transparent and resilient to manipulation and tampering.
No surprise here – but there won’t be a government or any large corporation in control and making decisions for the city. Instead, all decisions regarding Blockchains LLC’s city would be in the hand of its citizens. Issues would be voted upon by using cryptocurrencies as a payment method.
One of the goals of this project is to demonstrate that world-changing technologies like cryptocurrency can make it possible to better commerce, business development, and residential living. Blockchain technology will be at the center of the project, but as new and innovative technology comes into existence, they will be welcome in the new city as long as they help to better the system – keep it democratic, honest, and fair. Future technologies that would be welcome include nanotechnology, AI, 3d printing and more.
Berns has already worked to make a lot of this project into reality. The chosen area for the new futuristic city is near complexes belonging to major tech titans such as Apple and Google. The area is also very close to the Gigafactory, owned by Tesla. Berns has also invested over $300 million on land, offices, staff, and other necessary expenses.
Berns has also used that $300 million to buy military bunkers. These military bunkers will be used to safely store physical digital assets. Berns has also bought an entire fortress in Switzerland and Sweden. Finally, Berns has also bought a bank that provides friendly solutions for crypto, including fiat-based solutions. This was done, possibly out of spite, in response to his former bank’s decision to block his cards after he revealed himself to be a customer of Coinbase.
Berns started investing in Ethereum back in 2015 – needless to say, he can afford these purchases. Money he earned from blockchain, he is giving back to the crypto world with his vision and ambitious goals.
The planned city is not to make him rich, nor does he wish to become a real-estate tycoon. Instead, his wish is to make the decision-making from its citizens, corporate structures to be held by employees, residents, as well as future investors. He wants to give power back to the people.
This project will take years to complete. It’s ambitious. But are you excited by it? Are you excited about the idea of paying for everything and having a city be immersed in blockchain technology? As more countries become more and more crypto-friendly, do you think we’ll see more of these cities popping up? Let us know what you think on our Facebook page!