Jeffrey Berns, CEO of Blockchains, LLC, has announced plans to build a blockchain-based smart city.
DevCon 4, which takes place in Prague (October 30-October 2), is the world’s largest gathering of blockchain applications and platform developers focused on the Ethereum protocol.
It was on this occasion that Jeffrey Berns, CEO of Blockchain LLC, announced his “smart city blockchain”.
A smart city based on blockchain
The crypto-millionaire took the opportunity to unveil several details of the innovation park, including plans for the world’s first smart city, where all aspects of daily life will be addressed using blockchain technology.
The objective is to improve interaction with technology and infrastructure.
To this end, Jeffry Berns acquired more than 27,000 hectares of land in northern Nevada for $ 170 million.
He has already invested $ 300 million to turn his vision into a reality. The businessman derives a large part of his fortune following successful investments in Ether in 2015.
The smart city, which some consider to be a utopia, will be backed by a decentralized blockchain infrastructure fueling all interactions.
Everything seems already planned
It will house a high-tech park for projects combining blockchain technology with artificial intelligence (AI), 3D printing and nanotechnology.
Housing for thousands of people, shops, a sports center and a music, film and games studio are planned.
The CEO seems to have thought of everything. It thus acquired two disused military bunkers in different regions of the United States in order to provide secure storage of digital assets. For storage outside the United States, the company also acquired a “fortress” located under a granite mountain in Switzerland and another in Sweden.
His company also signed a memorandum of understanding with the Nevada electric utility, NV Energy, agreeing to work together on energy projects based on blockchain technology.
Everything therefore seems to be in place for the launch of this smart city blockchain, the development of which will begin in 2021 with nearly 1,000 employees.
(photo credit © wavebreakmedia – shutterstock)