Blockchains CEO Jeffrey Berns, a Nevada cryptocurrency tycoon, hopes to turn future smart city dreams into reality in the Nevada desert. p>
and to do this, he is asking the state to allow companies like his company to form local governments on the land they own, giving them power over everything from schools to law enforcement. / p>
Burns envisions this city as a city where people not only buy goods and services in digital currency, but also fingerprint their entire online financial data, medical records and personal data via blockchain .
blockchain technology is known for recording cryptocurrency transactions, but is also adopted by some local governments for everything from documenting marriage licenses to facilitating elections.
According to Arabia Net, the company wants to start work by 2022 in the rural district of Story, 19 kilometers east of Renault.
It is proposed to build 15,000 homes and 33 million square feet (3 million square meters) of commercial and industrial space within 75 years.
"Traditional government does not offer enough flexibility to create a society in which people can create new uses for this technology.
and wants the state of Nevada to change its laws to allow for innovation zones, where companies have powers like those of the county government, including creating court systems, imposing taxes, and building infrastructure Infrastructure while making land and water management decisions.
Most legislators are eager to diversify Nevada's tourism-dependent economy, but many fear a backlash against business incentives as they struggle to finance healthcare and education. / p>
In this context, the CEO of Blockchains said that he had asked the state of Nevada to allow him to form a local government on the 67,000 acres (270 square kilometers) the company owns in the county Story.
Blockchains originally purchased the land for $ 170 million in January 2018, and Burns said at the time that the proposed crypto city housed Blockchains' headquarters, content creation studio and esports arena Residential property.
And although the CEO via p ...
