New Futuristic City Running on Blockchain Technology to be Established in Nevada

Neutral New Futuristic City Running on Blockchain Technology to be Established in Nevada

Cryptocurrency millionaire Jeffrey Berns has acquired more than 67,000 acres of land in northern Nevada for building a new city that would run entirely on blockchain.

Blockchain millionaire, a consumer protection lawyer and a CEO of a firm called Blockchains LLC, Jeffrey Berns signed a deal which has cost him around $170 million. Berns calls this structure a distributed collaborative entity as it is supposed to operate on a blockchain where everyone's ownership rights and voting powers will be tracked and recorded in a digital wallet.

The blockchain city won't have the government 'per se' but the power would be placed in the hands of the people and cryptocurrency will be used as the coin of the city.

As the description on the website of Tom Wiscombe Architecture, one of the designers of the community says:

"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 whole area surrounds an industrial park where Tesla's Gigafactory is located, as well as buildings of major tech giants like Google and Apple. Berns has spent about $300 million on the land, offices, planning and a staff of 70 people.

According to the New York Times, Berns is able to fund the entire project with money he earned from an investment in the cryptocurrency Ethereum in 2015.

He said:

"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,"

Berns explained that he chose Nevada mostly because of the tax benefits, including the lack of income taxes.

The whole city is envisioned to be split into two parts: a residential area and campus for researching emerging technologies. 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. 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.

Berns said:

"Everything that we do will have its infrastructure rooted in blockchain. Now, we also wanted to show how the blockchain could change the way we live, so we are creating a residential community as well. This residential community will have houses, apartments, condos, banks, markets, stores, schools, and we will use blockchain, the public blockchain, wherever possible. We will incubate projects with those entities as we build out that residential community."

The company will also recruit a number of partners to work on projects and the first of these is energy firm, NV Energy, which services 1.4 million customers throughout Nevada

Crypto Cities around the World Growing Like a Mushrooms After Rain

It's not just US that is crypto positive. Slovenia, that has even recently been titled 'the Silicon Valley of Europe', has its own crypto mall - Bitcoin City offers such an opportunity.

Bitcoin City represents itself the very first entertainment ecosystem based on the newest technologies. It is a result of fruitful collaboration between BTC City, one of the biggest Central European shopping, business and logistic centers, and Eligma, a startup specializing in smart commerce solutions.

Bitcoin City leverages blockchain technology to provide the highest level of security. The visitors of the entertainment area can enjoy a wide range of payment options available here, including digital money. The Eligma team has developed its very own payment system Elipay, which allows for paying in cryptocurrencies via an easy-to-use mobile app.

On the other side of the world, with a view to become a smart city, comes Taipe i that partnered with IOTA to provide its residents with a wide range of new technological advantages.

The first project to be implemented will be introduction of digital citizen cards with built-in TangleID. The concept of these cards was designed with an aim to exclude risks of identity theft and voter fraud. Simultaneously, the digital cards will represent a simple tool for tracking health history and other data for public services.

11/09/2018 / 15:05:47 Source: coinspeaker

BTC
1 BTC=$3,729.43
XRP
1 XRP=$0.3337
ETH
1 ETH=$125.26
XUC
1 XUC=$2.02
EOS
1 EOS=$2.52
BCH
1 BCH=$130.09

News Feed 50

Cryptopotato Neutral - Bakkt Futures by ICE is Now Supported by World’s 23rd Richest Man Li Ka-Shing read more.
01/09/2019 / 08:47:17
Themerkle Neutral - NEO Price Gains 12% Despite Malcolm Lerider Departure read more.
01/09/2019 / 08:35:28
Ccn Neutral - Indian Police Make Fourth Arrest in $70 Million Crypto Scam read more.
01/09/2019 / 08:33:42
Cryptonewsreview Neutral - Kraken defends trading of Ethereum Classic, attacks XRP, angers Ripple tech boss read more.
01/09/2019 / 08:32:20
Dailyhodl Neutral - One of the Richest Men on Earth Backs Bitcoin and Crypto, Plus Ripple and XRP, Tron, Stellar, Ethereum, Litecoin, VeChain, IOTA: Crypto News Flash read more.
01/09/2019 / 08:05:10
Ambcrypto Neutral - Litecoin [LTC/USD] Technical Analysis: Cryptocurrency to move along with the bulls on a long run read more.
01/09/2019 / 08:00:38
Newsbtc Neutral - Crypto Market Wrap: NEO Jumps Two Places With 13% Gain read more.
01/09/2019 / 08:00:10
Cryptoglobe Neutral - ShapeShift CEO Says Crypto Is a ‘Harsh Mistress’, Lays Off 1/3 of Staff read more.
01/09/2019 / 07:40:00
Coindesk Neutral - Security Token Offerings: A Way Past the SEC’s Incomplete Crypto Guidance? read more.
01/09/2019 / 07:15:47
Ethereumworldnews - Could Russian Rumors Be Reviving NEO? Surges 15% Today read more.
01/09/2019 / 07:01:58
Ambcrypto Neutral - Tron [TRX] grows steady with 9% hike; Litecoin [LTC] holds strong despite strong resistances read more.
01/09/2019 / 07:00:37
Newsbtc Neutral - Bitcoin Price Watch: BTC Buyers Not Out of Woods Yet read more.
01/09/2019 / 07:00:22
Ethereumworldnews Neutral - Tron (TRX) Rally Looks Real, Price Could Test $0.0350 read more.
01/09/2019 / 06:45:59
Ccn Neutral - Ripple CEO to Critics After Obtaining 200 Clients: Banks Will Use XRP read more.
01/09/2019 / 06:36:40
Cryptonewsreview Neutral - Neo continues to climb, continuing its excellent start to 2019 read more.
01/09/2019 / 06:28:44
Cryptoglobe Neutral - Gold Backed Crypto Exchange Offers Safe Haven for Crypto Investors read more.
01/09/2019 / 06:20:50
Newsbtc Neutral - #Crypto Market Update: Stellar (XLM), Bitcoin Cash, Tron (TRX), ADA Price Analysis read more.
01/09/2019 / 06:00:54
Ambcrypto Neutral - Bitcoin IRA launches turnkey, white-label solutions for enterprise businesses read more.
01/09/2019 / 05:45:21
Cryptonewsreview Neutral - Litecoin founder on the 51% attack problem read more.
01/09/2019 / 05:41:24
Bitcoin.Com Neutral - Venezuela Decrees Crypto Operators Must Pay Taxes in Cryptocurrencies read more.
01/09/2019 / 05:30:28
Cryptonewsreview Neutral - Google is causing problems for a Bitcoin wallet provider read more.
01/09/2019 / 05:28:51
Cryptonewsreview Neutral - Cryptocurrency exchange cuts back staff, admits mistakes read more.
01/09/2019 / 05:25:45
Coindesk Neutral - The Case for a 2020 Bitcoin Bull Run read more.
01/09/2019 / 05:25:42
Dailyhodl Neutral - Tron (TRX) Rallies 34% in One Week, Gears Up With BitTorrent Crypto Token and Binance Launchpad read more.
01/09/2019 / 05:11:52
Coingape Neutral - Bitcoin less Centralized Compared to Ethereum and Bitcoin Cash- Long Hash Research read more.
01/09/2019 / 05:10:45
Bitcoinerx Neutral - New Sanctions Could Push Russia to Dump the US Dollar in Favor of Bitcoin read more.
01/09/2019 / 05:00:49
Newsbtc Neutral - #Ripple Price Analysis: XRP Eyeing Upside Break Above $0.37 read more.
01/09/2019 / 05:00:11
Newsbtc Neutral - #Ethereum Price Analysis: ETH Consolidating, Buyers Could Take Control read more.
01/09/2019 / 04:08:28
Bitcoinist Neutral - State of Emergency read more.
01/09/2019 / 04:00:50
Ethereumworldnews Neutral - #Litecoin (LTC) Price Analysis: Slow But Steady Climb read more.
01/09/2019 / 03:51:39
Cryptoglobe Neutral - Malta's Government 'Completely Silent' About Crypto Development 'Over Holidays', Nation's Opposition Leader Claims read more.
01/09/2019 / 03:50:00
Ethereumworldnews Neutral - #Bitcoin (BTC) Price Analysis: Another Attempt to Break Higher read more.
01/09/2019 / 03:31:02
Bitcoin.Com Neutral - Central Bank Official: Regulators Are Hindering the Development of Cryptocurrencies read more.
01/09/2019 / 03:10:36
Cryptoglobe Neutral - Brave Announces Growth Stats: Surpasses 5.5 Million Monthly Active Users read more.
01/09/2019 / 03:00:00
Cointelegraph Neutral - Square’s Cash App Blocks Account of Social Media Site Gab’s Founder: Report read more.
01/09/2019 / 02:45:00
Ccn Neutral - President Trump Makes His Case for a Border Wall as Economy Hangs in the Balance read more.
01/09/2019 / 02:16:53
Cryptoglobe Neutral - Who Will Win the Race to be the “Crypto Valley of Asia”? read more.
01/09/2019 / 02:00:00
Dailyhodl Neutral - Bakkt – Why a Successful Launch Could Boost the Cryptocurrency Market read more.
01/09/2019 / 01:37:02
Ccn Neutral - Could Japan’s Approval of the Bitcoin ETF Affect US SEC’s Decision? read more.
01/09/2019 / 01:31:17
Bitcoin.Com Neutral - Review: Wasabi’s Privacy-Focused BTC Wallet Aims to Make Bitcoin Fungible Again read more.
01/09/2019 / 01:10:11
Ethereumworldnews Neutral - Crypto Startup CEO: “Gut Feeling” Is That Bitcoin (BTC) Will Fall Under $3,000 read more.
01/09/2019 / 01:00:38
Newsbtc Neutral - Data Suggests That Bitcoin Is Seeing Increasingly Bullish Sentiment read more.
01/09/2019 / 01:00:31
Bitcoinist Neutral - Yellow Vests in France Planning a Bank Run to Collapse the Euro read more.
01/09/2019 / 01:00:30
Cryptoglobe Positive - Cudo Mining Software Lets Users Mine According to Profitability read more.
01/09/2019 / 00:50:00
Ambcrypto Neutral - Bitcoin Cash [BCH] Technical Analysis: Bear picks up the pace taking over the market read more.
01/09/2019 / 00:30:52
Ccn Neutral - Anti-Bitcoin JP Morgan CEO Jamie Dimon: No Recession Ahead, Dow is Rebounding read more.
01/09/2019 / 00:20:24
Cryptoslate Neutral - World’s 23rd Richest Man Invests in Cryptocurrency Exchange Bakkt’s First Funding Round read more.
01/09/2019 / 00:18:25
Cointelegraph Neutral - Litecoin’s Charlie Lee: Decentralized Crypto ‘Must Be Susceptible to 51% Attacks’ read more.
01/09/2019 / 00:17:00
Newsbtc Neutral - Cryptocurrency Bear Market Pressures Shapeshift into Layoffs read more.
01/09/2019 / 00:00:45
Cryptoglobe Neutral - Blockchain Community Returns to Its Founding Principles with Revolutionary New Smart Contract Investment Platform read more.
01/08/2019 / 23:55:42
Negative
3.1%
Neutral
94.0%
Positive
2.4%
Mixed
0.5%

Latest comments: