By Chances are you’ve heard the name Jeffrey Berns if you’re a crypto enthusiast. The crypto millionaire and lawyer recently announced new plans which could have massive impacts on the world of blockchain.
Berns, who’s also the CEO of Blockchains LLC, recently purchased over 67 000 acres of land in Nevada earlier this year. This deal cost around $170 million the reason for this massive purchase of real estate has been shrouded in secrecy until now that is.
Blockchain City Announced:
This new announcement came but six days ago when plans were revealed to the public for a new desert-located city. Unlike other “sandbox cities” such as Las Vegas, this city will not be for the sole purpose of gambling and living the high-life. Instead, this futuristic city will run on blockchain technology.
The sole goal of this project is to create the first distributed collaborative entity which will make use of a number of initiatives in order to aid the overall blockchain ecosystem. All citizens will have their voting powers & rights of ownership recorded to the blockchain where they will remain transparent & free from tampering.
Notably, this city will bear no central governmental figure or any large corporation types in charge of any decision making and these decisions will instead be in the hands of the citizens who will have the power to vote on various issues and ultimately use cryptocurrencies as payment methods for all transactions.
One of Berns’s main goals with this project is to demonstrate to the rest of the world how new, world-changing technologies such as blockchain can pave the way for commerce, business development & residential living to coexist and ultimately create better living solutions for everyone.
Blockchain technology will, of course, be at the epicenter of this project but all other new and innovative technologies will be welcomed into Bern’s city as long as they contribute to keeping the system democratic, fair and honest. Other technologies include AI, nanotechnology, 3D printing and so forth.
Preparation For Berns Sandbox City Underway:
You’re thinking, this is another pipedream that might never see fruition. However, Berns has already made massive moves to turn his project into a reality. The chose location for his blockchain city is close to complexes belong to many a tech giant such as Apple and Google as well as Tesla’s Gigafactory. Furthermore, Berns has also already invested a whopping $300 million into this project, to purchase the land, offices, staff employment and more.
Adding to this, Berns has also purchased military bunkers which will be used in order to store physical digital assets and in addition to this he also bought an entire fortress in Switzerland and Sweden which will serve the same purpose.
Lastly, Berns also claims that he has acquired a bank which provides fiat friendly solutions for investors of crypto. This was his cheeky response to his former bank who decided to block all his card after he revealed that he was one of Coinbase’s longtime customers.
Due to his highly successful investment in Ethereum in 2015, Berns has allegedly made a great deal of money since then. Money which he is now using in order to fund this project, which he calls his way of giving back to the blockchain community.
This idea, which the millionaire stated himself, is in no way a get richer scheme but instead a dream where his life’s goal is to create a place where all decision making boils down to its people with the corporate structure being held in place by employees, residents and lastly, future investors.
While Berns project is one that is most certainly ambitious and time expensive, the possibilities that stem from the idea are endless and while this kind of project has been dreamt up by others before, Sandbox City is definitely a grandiose goal and one we should keep our eyes on.
How do you feel about the idea of a society whereby blockchain technology and people rule the roost? Let us know your thoughts.
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