Google, Tesla and Switch will be their new 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.
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.
Featured image from Shutterstock.