Nevada is soon going to have a new makeover powered by Blockchain Technology. As per a recent news, Jeffry Berns, CEO of Blockchains, LLC has acquired 7,000 acres of desert land in northern Nevada to build a new type of smart city which will have its all interactions driven through Blockchain Technology. Berns has reportedly acquired the land for $170 million.

As per the company, the smart city will cater to both residential and business communities through the integration of 4th Industrial Revolution technologies by the company. The smart city will have a high-tech park designed through the lens of Blockchain Technology along with other cutting-edge technologies such as artificial intelligence (AI), 3D printing and nanotechnology. The units to be designed will take advantage of new technologies to offer a high concept of residence, business and retail structures. \

Berns’ imagination on his new project was reported by Nathaniel Popper in his article on The New York Times. Berns has envisioned of building a large community comprising of Residental, Schools, Commercial as well as Production units. The common platform of development of all these will be Blockchain that has been introduced through Bitcoin. The article has been titled as “A Cryptocurrency Millionaire Wants to Build a Utopia in Nevada,”

Once the master plan gets prepared and the officials approve it, the company will start constructing the property, most probably late in 2019, stated Berns.