A futuristic tech metropolis in the desert, companies that operate their own governments – and blockchains, the complicated technology that lies behind Bitcoin.
It sounds like science fiction, but a proposal to let Blockchains LLC start its own city in Nevada made national headlines, even though it hasn’t officially been introduced in the Legislature yet.
If lawmakers approve the plan, it would allow developers to create so-called “innovation zones” as long as they own at least 50,000 acres of land. But in Nevada, the limiting factor for new development isn’t land – it’s water.
Daniel Rothberg is an environment reporter with the Nevada Independent. He just published an article looking at water rights purchased by Blockchains LLC, the tech company pushing for the new law.