Blockchain company wants to be its own government in Nevada desert

in blockchain •  4 years ago 

Jeffrey Burns, CEO of Nevada's Blockchains LLC, envisions a city where people not only buy goods and services with digital currency, but also record their entire online footprint - financial reports, health records, and personal information - on the blockchain.

He wants Nevada to change its laws to allow "innovation zones," where corporations have powers similar to those of the state government, including setting up judicial systems, levying taxes, and building infrastructure in decision-making. about land and water management.

If lawmakers back the proposal, with a pledged $ 1 billion investment, tech companies could create 50,000 acres (200 square kilometers) of zones controlled by three people, such as county commissioners.

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