neighbors. You may never have heard
of Blockchains, LLC till now, but they are soon
going to be on the fintech map. They’re
expanding and have chosen a 67,000-acre plot
of land in Northern Nevada’s up-and-coming
Emerald City. The company, which focuses on
the distributed ledger technology for
decentralized apps, is moving its corporate
headquarters to the Tahoe Reno Industrial
Center, the world’s largest industrial park that
has blossomed over the past two decades.
The industrial park closed a total of $175 million
in land sales in 2018 across 74,000 acres, the
bulk of which went to Blockchains, LLC,
according to the county commissioner and
broker on the deal cited in reports. Lance Gilman
said he closed escrow on the deal a week ago,
but details surrounding Blockchains, LLC’s
development plans are scarce.
“From 15,000 feet (above ground view), I believe
they envision a product that will showcase all of
the capabilities of the blockchain technology,”
Gilman told Nevada Newsmakers.
Blockchains, LLC describes itself as an advocate
for social change, with a focus on providing
digital-fueled financial services and software
Dapps on the Ethereum blockchain. They’re an
incubator of sorts for the development of
blockchain-driven ideas and businesses.
Gilman went on to describe a blockchain-based
community comprised of thousands of houses
and apartments and brick-and-mortar retail
shops — all powered by distributed ledger
technology. The development would extend to
services you would expect to gain access to
from a major highway, from hotels to truck
stops, to dining establishments. “And again, all
with the blockchain technology foundation” he
added.
Blockchains, LLC will be sharing the spotlight
with Nevada’s “Emerald City,” an off-the-chain
development with revolving around a lake in the
center of town, surrounded by piers, bike paths,
casinos, etc., whose treated water will serve as a
reservoir for use among the local residents.
There is also a mini-rail line in the works, which
could involve the participation of Blockchains
Inc.
More details about software startup Blockchains,
LLC’s research and development project are are
expected to emerge next month in an official
announcement.
Tech Disrupters
The purchase gives the startup, which was legally
registered in 2017, an anchor position on a
campus that is comprised of 107,000 acres
across 100+ businesses. According to reports,
Jeffrey Berns of the law group Berns Weiss, of
which he is co-founder of the currency practice,
is a part-owner of Blockchains, LLC.
Blockchains, LLC, whose attorney reportedly said
the company will remain in “stealth mode” till Q2
2018, has a larger plot than Google, which in
2017 acquired more than 1,200 acres, Switch’s
2,000 acres and Tesla, whose Gigafactory for
lithium-ion batteries are produced on nearly
3,000 acres of land. Tesla’s $5 billion Gigafactory
is designed to support the company’s goal of
making half-a-million cars per year by 2018 .