Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Nevada Asks: Can Blockchain Build A Smarter City?

Cryptocurrency Mar 14, 2021 01:30PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
Nevada Asks: Can Blockchain Build A Smarter City?

  • Blockchains LLC’s CEO, Jeffery Berns proposes to build a city on the foundations of blockchain.
  • In 2018, he purchased 70,000 acres of industrial parkland just outside Reno, and in July, he released the blueprint for “Painted Rock Smart City and Innovation Park”.
  • Democratic Governor Steve Sisolak is considering a draft bill that will give credence to innovation zones as a solution for Nevada’s problem of economic diversification.
  • This lofty ambition has been met with stiff criticisms from several quarters concerning the implications of ceding government powers to private tech companies.

Blockchains LLC’s CEO, Jeffery Berns is proposing to build a city that utilizes the technologies of blockchains such as decentralization and cryptocurrencies for everyday transactions, taxation, and storing vital information.

To achieve this ambition, Jeffery Berns has already taken positive steps by purchasing 70,000 acres of industrial park land outside Reno, Nevada. The firm noted that innovation zones will have to be granted to private firms, an idea that already has the support of former Democratic Governor Steve Sisolak.

Despite the futuristic and economic appeal of the project, it has come under criticism for being ill-timed and granting powers to private firms might be a counter-intuitive move.

Painted Rock Smart City And Innovation Park

Jeffrey Berns, the CEO of Blockchain LLC has unveiled plans for the building of a smart city that will run on Blockchain technology, using cryptocurrencies as currency and blockchain to store sensitive information like tax information, personal information, etc.

The project dubbed “Painted Rock Smart City and Innovation Park” is proposed to be situated just outside Reno on a 70,000-acre space.

According to the blueprint, it will contain over 36,000 residents, 15,000 homes, and over 10 million square feet of commercial space, while the forecasted economic impact could reach $16 billion within 75 years. To achieve this, Blockchains will design special “Innovation Zones” that will provide “self-sustaining fiscal structures” similar to other local Nevadan governments”.

There seems to be some light at the end of the tunnel as the project has the support of Democratic Governor Steve Sisolak who is looking to draft a bill to give credence to the innovation bill.

The state of Nevada, one heavily reliant on tourism in cities like Las Vegas, and private firms, has been ravaged by the Covid-19, pandemic experiencing a 50% decline in visitors in the course of one year. Consequently, Nevada is in search of fresh ideas to diversify.

Governor Steve Sisolak notes that:

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Confronting the reality of this pandemic, moving forward boldly in rebuilding our economy, getting people back to work: We cannot wait for economic recovery to come to us.

On the Flipside

  • Estonia has pioneered the use of blockchain technology to decentralize its personal identification and electoral systems.
  • Miami recently voted to study the implications of moving government transactions to bitcoin.
  • The mayor of Miami also considered the possibility of investing the city’s reserve in Bitcoin
  • If the move is successful, workers and taxes can be paid in cryptocurrencies

Can Blockchain Build A Smarter City?

Theoretically, Blockchain technology has the means to build a smarter city but in practice, we’re yet to see real-world applications on a large scale. Conceptual renderings of Blockchains LLC proposed city shows a futuristic park against a desert backdrop.

However, details about power, water, and transportation have not been revealed but it is certain the city will be carbon neutral.

Critics and policy experts believe that the proposal lacks substance and the timing isn’t right. Hugh Jackson, editor of the Nevada Current argues that the health and economic crises should be given more attention than a futuristic utopia.

Stakeholders also warn of the dangers of transferring government powers to private firms in the name of innovation zones. However, Governor Sisolak has countered saying the innovation zones will be subject to the same regulations as any other city.

Continue reading on DailyCoin

Nevada Asks: Can Blockchain Build A Smarter City?

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email