Blockchain investment firm Blockchains LLC wants to build a “blockchain city” in the Nevada desert, just east of Reno.
The project would make the city infrastructure entirely reliant on blockchain, underpinning every aspect of existence from paying for goods, to urban planning, to paying your taxes.
Speaking to the Associated Press on Saturday, Blockchains CEO Jeffrey Berns elaborated further on his idea.
The firm, which owns 67,000 acres, is petitioning the state of Nevada to allow it to form a local government which will be treated as an “innovation zone”, sort of like the provinces China builds as a blockchain hubs to pivot innovation.
Berns said that the blockchain city can largely be regarded as a place where people can start from scratch, relying on blockchain technology to build a better world. The land was originally bought back in 2018 for the sum total of $170m and the CEO hopes to build 15,000 homes within 75 years.
However, the company would need to first navigate permits, with the land now locked down to the point where it can only build 3,500 homes.
Blockchains LLC is also targeting a useful area, as Amazon has a fulfillment center there and a Tesla Gigafactory is located in Storey County, where the land owned by the company is.
The heady interest in Bitcoin has prompted many institutional investors, including MasterCard, Tesla and Apple to seek out the currency and invest billions to acquire it.
Yet, Blockchains LLC is willing to build a ground-zero for cryptocurrency and blockchain enthusiasts where everyone can start running their finances with the digital currencies.
Nevada hosts casinos, and a blockchain casino could be one of the proposed development projects in future. After all, there are already numerous good examples for blockchain casinos from real life, including Bitcasino, FortuneJack, and 1xBit.