Jeffrey Berns presents his vision for the blockchain Innovation Park in Nevada in 2018
Blockchains’ plan for an ambitious smart city development in Nevada is facing some challenges but will break ground in 2022, according to an update from the company.
The initiative to build a 68,000-acre innovation park based around blockchain in Nevada was announced in 2018. The company’s CEO, lawyer and cryptocurrency millionaire Jeffrey Berns, said the site is “roughly the size of Reno” and described the proposal as “a series of projects” to highlight the power of public blockchain. It will include houses, banks, shops and schools, all using blockchain.
In a blog post earlier this month, the company said its previous forecast to recruit 1,000 staff by 2021 was “in hindsight very optimistic and is likely no longer feasible”. Over the last six months, it eliminated nine positions, following the acquisition of German blockchain development company slock.it.
The initiative to build a 68,000-acre innovation park in Nevada based around blockchain was announced in 2018.
During the same period, Blockchains points out it also hired nine employees at its Nevada headquarters, including two directors and a vice president. David Berns, the former president and brother of the CEO, has left the company.
The statement said: “Blockchains, like any organisation (especially start-ups), will continue to evaluate the company’s operational needs. To date, Blockchains has only eliminated positions that are not essential to the business. We are committed to hiring employees who have the skillset to move our vision forward in a rapidly changing ecosystem.”
Education and utilities
Blockchains said it is providing blockchain curriculum support to Nevada’s dually enrolled high school students to create a skilled junior blockchain developer workforce. It is also working with Nevada Industry Excellence and the Governor’s Office of Economic Development…