November 8, 2018 Comments (0) Views: 578 Connect Classroom

Coming to the Desert: Blockchain Utopia

Cryptocurrency millionaire Jeffrey Berns unveiled an audacious plan to build a utopian community on 67,000 acres in the Nevada desert. This community would run 100% on blockchain technology, meaning a decentralized infrastructure, with cryptocurrency as the coin of the realm.

The as-yet unnamed development is on land that is dubbed Innovation Park, and surrounds an industrial park that contains Tesla’s Gigafactory, as well as tech giants including Google and Apple. Berns, through his company Blockchains LLC, acquired the property in early 2018 for $170 million.

Berns told the New York Times that Blockchains would like to begin construction of the city in late 2019. However, the company still needs to develop a master plan, and obtain county approval. The blockchain community is being designed by Erlich Yanai Rhee Chaney Architects and Tom Wiscombe Architecture.

Read More at New York Times

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