Jeffrey Berns is a cryptocurrency millionaire who wants to build a
community in the Nevada desert, USA running completely on
Ethereum . Instead of government and big corporations in control,
the blockchain-based city would put power in the hands of the
people and use cryptocurrency as the coin of the realm.
One of the designers of the community is Tom Wiscombe
Architecture , and the description of the project reads, “The city
aims to showcase how business development, residential living and
commerce can flourish alongside world changing technologies [...]
Multiple innovative technologies will change the way its residents
interact on a daily basis and blockchain technology will be at the
center of it all - keeping systems honest, fair and democratic.”
The area planned for the city is made up of 67,000 acres (27,115
ha) of land, dubbed “Innovation Park” by Nevada Governor Brian
Sandoval. It surrounds an industrial park where Tesla's Gigafactory
is located, as well as buildings that major tech giants like Google
and Apple own. The New York Times reports that the property was
bought for USD 170 million by the company founded by Berns,
Blockchains LLC . Berns’ investment in Ethereum back in 2015,
which is still the most profitable initial coin offering , is what’s
funding the whole project.
Take a Look at this Utopian Blockchain City in Nevada 104
Why Nevada? Berns tells NYT that this is mostly due to tax
benefits, including the lack of income taxes. Why build it in the
first place - given that no such feat has yet been done with this
technology? “Something inside me tells me this is the answer,
that if we can get enough people to trust the blockchain, we can
begin to change all the systems we operate by,” he said.
The city is envisioned to be split into two parts: a residential
area and campus for researching emerging technologies. According to
the website, the business part will feature “a highly secured,
high-tech Blockchains Campus that joins blockchain technology with
artificial intelligence (AI), 3D printing and nanotechnology,” as
well as a university. The commercial side is focused on encouraging
technologically forward ideas and development. The tech campus will
feature an e sports arena as well.
Take a Look at this Utopian Blockchain City in Nevada 106
The residential area will feature a smart city with homes and
schools, with self-driving cars, as well as a drone delivering
system. The city should run on renewable energy and be community-
oriented. Berns said the company won’t begin construction on the
broader property until late 2019, at the earliest, after putting
together the master plan and getting it approved by the county.
“This will either be the biggest thing ever, or the most
spectacular crash and burn in the history of mankind,” Berns said.
“I don’t know which one. I believe it’s the former, but either
way it’s going to be one hell of a ride.”
community in the Nevada desert, USA running completely on
Ethereum . Instead of government and big corporations in control,
the blockchain-based city would put power in the hands of the
people and use cryptocurrency as the coin of the realm.
One of the designers of the community is Tom Wiscombe
Architecture , and the description of the project reads, “The city
aims to showcase how business development, residential living and
commerce can flourish alongside world changing technologies [...]
Multiple innovative technologies will change the way its residents
interact on a daily basis and blockchain technology will be at the
center of it all - keeping systems honest, fair and democratic.”
The area planned for the city is made up of 67,000 acres (27,115
ha) of land, dubbed “Innovation Park” by Nevada Governor Brian
Sandoval. It surrounds an industrial park where Tesla's Gigafactory
is located, as well as buildings that major tech giants like Google
and Apple own. The New York Times reports that the property was
bought for USD 170 million by the company founded by Berns,
Blockchains LLC . Berns’ investment in Ethereum back in 2015,
which is still the most profitable initial coin offering , is what’s
funding the whole project.
Take a Look at this Utopian Blockchain City in Nevada 104
Why Nevada? Berns tells NYT that this is mostly due to tax
benefits, including the lack of income taxes. Why build it in the
first place - given that no such feat has yet been done with this
technology? “Something inside me tells me this is the answer,
that if we can get enough people to trust the blockchain, we can
begin to change all the systems we operate by,” he said.
The city is envisioned to be split into two parts: a residential
area and campus for researching emerging technologies. According to
the website, the business part will feature “a highly secured,
high-tech Blockchains Campus that joins blockchain technology with
artificial intelligence (AI), 3D printing and nanotechnology,” as
well as a university. The commercial side is focused on encouraging
technologically forward ideas and development. The tech campus will
feature an e sports arena as well.
Take a Look at this Utopian Blockchain City in Nevada 106
The residential area will feature a smart city with homes and
schools, with self-driving cars, as well as a drone delivering
system. The city should run on renewable energy and be community-
oriented. Berns said the company won’t begin construction on the
broader property until late 2019, at the earliest, after putting
together the master plan and getting it approved by the county.
“This will either be the biggest thing ever, or the most
spectacular crash and burn in the history of mankind,” Berns said.
“I don’t know which one. I believe it’s the former, but either
way it’s going to be one hell of a ride.”
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