Blockchains LLC Speeds Up Its Plans For Developing A Cryptocurrency City In The Nevada Desert
Blockchains LLC, a blockchain investment company, is considering introducing a smart city in a desert of the Nevada state and has revealed plans for it. The senior executive of this blockchain firm has said that the company is speeding up its efforts and plans for the development of this city.
Turning The Dream Of Smart Crypto City In Reality
The firm is making efforts for turning the dream of developing a smart cryptocurrency city into reality. Jeffrey Berns, the Chief Executive Officer (CEO) of Blockchains LLC gave an interview to Associated Press on Saturday on the 13th of February where he disclosed his company’s plans for rolling out a crypto smart city in a desert of the Nevada state.
He revealed in the interview that they intend to make local government on the land (67,000 acres) which is owned by the company in the Storey County, a county present in the Nevada state. And for forming the government out there, the CEO of the firm said that they have asked the permission of the Nevada state. As soon as the company is granted permission, it will be able to run this zone on its own.
While acting as the local government of the region, the company would have the authority to incorporate cryptocurrency payments out there. People would be able to use cryptocurrencies for purchasing services and goods. Moreover, they will be using blockchain for the maintenance of records. Apart from that, they would also be able to form their own courts and levy different taxes.
Berns further stated that he does not believe that the current set up of the government is the ideal one for forming a blockchain-based community. He said that therefore, he wants to bring a city where people does not feel hesitant in starting from scratch and are willing to do that. Reportedly, Blockchains acquired this land originally back in the month of January in 2018 for an amount of $170 million. According to his statement, this city will consist of properties for residence, e-sports arena, and different blockchain campuses. He further revealed that his mission is to develop around 15,000 houses in this city within the time frame of the next 75 years.
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