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Written by
Jared Beinart
A new blockchain company announced a new project last week to bring together a high-tech city in the Nevada desert, designed to support research and development of the same technology behind cryptocurrencies like bitcoin. Blockchains, LLC, which promotes distributed ledger technology, revealed plans last Thursday to build "Innovation Park", an entire city designed to combine blockchain innovations with other emerging technologies in an effort that the company founder he said he will improve the everyday life of his residents.
Jeffrey Berns, lawyer and investor in the digital currency Ethereum, presented the company and announced the project to the public during a conference in Prague. The company recently bought 67,000 acres of open desert in northern Nevada to build its new community, which he said will serve commercial and residential populations. During his speech, Berns insisted that the city would consist of "a series of different projects to highlight the power of the public blockchain".
Berns said Innovation Park will be anchored by a 1,000-acre campus to host startup companies that test new applications with a focus on blockchain technology, artificial intelligence, nanotechnology and three-dimensional printing.
"First we need to build a campus for us, a campus where developers from all over the world can come to work on applications and help us build this city," Berns said.
Also on Thursday, Blockchains and the NV Energy utility signed an agreement to work on energy-related projects based on blockchain technology to allow users to create, store and share their electricity.
"We will explore a variety of energy concepts ready to be used to identify ways to improve customer experience, including applications that promote the use of energy, renewable energy and collaborative energy conservation. "said Paul Caudill, CEO of NV Energy. a press release on the agreement.
Together with the campus, Berns also plans to build a residential neighborhood in his conceptual city. While local governments across the country begin to test the effects of blockchain innovations within their environments, the city of Blockchains will work with a decentralized infrastructure that involves entirely digital interactions. According to Berns, the residential community will consist of houses, apartments, condominiums, banks, markets, shops and schools that will use the public blockchain wherever possible. He did not elaborate on the way in which the residential units would incorporate the blockchain technology.
"Imagine a world where anyone can collaborate anywhere, establish the rules of that collaboration, enforce those rules, exchange value and do everything on the blockchain," said Berns. "No government, no bank, no society, just trust and math, I think it's the first time in the history of humanity that we have this potential."
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