The Governor of Nevada is pushing for a future where crypto could fundamentally change the way cities operate. The Gov. recently announced his plan to open “Innovation Zones” in the middle of the desert. Cities in the desert would be navigated by companies and would deploy blockchain technology for all facets of human interaction.
Crypto Run Cities
According to a recent report, the Gov. of Nevada envisions a future where cities are formed and run entirely on blockchain technology. The Gov. of Nevada, Steve Sisolak, has plans to formulate “Innovation Zones,” which would be cities in the desert operating solely on blockchain technology. Innovation zones would be designated for private corporations to leverage blockchain technology on thousands of acres of privately owned land.
How Crypto Run Cities Would Work
Despite this idea not yet being presented to legislatures, Sisolak sees a future where blockchain and crypto would power the way citizens interact daily. Corporations would have the ability to establish local governments, which would result in the creation of school districts, courts, and taxation infrastructure. With the cities being built on blockchain technology, Sisolak sees a future where residents are using digital assets ( cryptocurrencies ) to pay bills, pay taxes, buy goods, transfer property deeds, obtain marriage licenses, and much more.
Sissolak commented on his vision last week, stating that:
“This is different than anything that’s ever been proposed before. Companies can collaborate on a future together that would make Nevada not just a national but global leader in Blockchain technology.”
Sisolak understood that his vision would raise a lot of questions and concerns from both citizens and regulators. The idea lacked substance in terms of what digital assets would be used. Additionally, it was not addressed how private cities would source funding to construct the core infrastructure of these cities.
The Gov. concluded by saying:
“There’s gonna be a lot of naysayers,” he said at the end of the presser. “I get that, but take a moment to look at the proposal.”
Elon Musk Involved?
It is important to note that Nevada is home to a Tesla production facility. Gigafactory 1 is located in Sparks, Nevada, and produces motors and battery packs for its Model 3 lineup. So far, there have not been any reports on Elon Musk being affiliated with the proposal for crypto-run cities. It is also unknown if he even knows about the idea.
With Elon Musks’ recent fascination with cryptocurrencies like Bitcoin and Dogecoin, there could possibly be synergy given the location of the production facility in Sparks. Back on Feb 8th, Tesla purchased $1.5 billion in Bitcoin and announced its plans to accept the digital currency as a form of payment. If the Governor’s proposal ever comes to fruition, Tesla could be well-positioned to join that movement and power the way transportation is facilitated in blockchain-run cities.
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