Crypto Millionaire Jeffrey Berns Plans To Build A Blockchain Smart City In Nevada

Blockchain, News | November 5, 2018 By:

Jeffrey Berns, owner and CEO of Blockchains LLC, is planning to build a blockchain smart city in Nevada.

Earlier this year, Blockchains LLC purchased 67,000 acres of the Tahoe-Reno Industrial Center (TRIC) in northern Nevada. The company reportedly paid $170 million to buy the land, which is populated mostly by bush and wild horses, and surrounds Tesla’s Gigafactory, as well as an industrial park where Google, Apple and other tech firms have facilities.

During the Prague Blockchain Week, Berns, who is also a consumer protection lawyer and an early investor in ethereum, said he is planning to turn the land to a smart city built on the ethereum blockchain. It will house a high-tech park for ventures combining blockchain technology with artificial intelligence (AI), 3D printing and nanotechnology. It will also include residential units that will provide a new living environment to thousands of people and various concepts that will showcase how business development, residential living and commerce can flourish alongside world-changing technologies.

“Blockchains will empower humanity by creating an environment where anyone, from anywhere, can collaborate together, establish the rules of that collaboration, and even exchange value, all enforced and executed by the public blockchain,” said Berns.

Berns said the company won’t begin construction on the broader property until late 2019, at the earliest, after finalizing the master plan and getting approval from the county. So far, Berns said, he has spent $300 million on the land, offices, planning and a staff of 70 people.

Berns also announced that the company bought two decommissioned military bunkers in different parts of the United States to offer secure physical crypto asset storage. The company also acquired the equivalent of a modern-day fortress that exists in a granite mountain in Switzerland, and one in Sweden. Berns claims that once developed to specifications, these fortresses in three stable countries will offer “unmatched digital asset storage protection.”

In addition, Blockchains LLC signed a memorandum of understanding (MOU) with NV Energy, Nevada’s public electricity utility company, to work on energy projects powered by blockchain technology.

“The goal of this collaboration is to create technology solutions that will produce customer-centric energy platforms powered by public blockchain, all with the intent of integrating approved incubations into Nevada’s energy framework,” said Berns. “These types of collaborative efforts, which return the power and control in transactions to the customer, are the very essence of blockchain technology. This partnership is only the beginning of what we have planned for Innovation Park.”