For Blockchains LLC recently received the nod from regulators to work as a telecommunications provider in a small, rural county. The order was approved by Nevada’s Public Utilities Commission last week to start working in Storey County.
Blockchains LLC’s Land Purchase
In January this year, Blockchains LLC bought about 67,000 acres of land in Storey County, located to the east of Reno, at an industrial park which provided it the necessary permissions to create a major fiber optic telecommunications network.
A total of 74,000 acres of land was sold at the park worth $175 million at the end of January, of which a majority went to Blockchains LLC. Commissioner of Storey County, Lance Gilman said at the time:
“There’s no question — they’re going to have a major footprint in the Tahoe-Reno Industrial Center.”
Blockchains then filed an application with the PUC in August and stated that it wants to start building a fiber optic network in the County which could be used by both businesses and residents alike.
The PUC staff noted that the company had met all requirements under the state law to operate as a telecom provider. No third parties filed an intervention to their application.
What Does This Mean for Blockchains LLC?
The company is on the path to materialize its goal to create a blockchain oasis in the desert of Nevada. It has an ambitious plan to build a blockchain-based city, complete with schools, blockchain banks, and an e-sports arena, all of which will be a part of its proposed “Innovation Park.” The company, which has 70 employees as of June has opened its headquarters in Sparks. However, the rest of the ambitious project is set to start being developed in the coming future. The Storey County approval for Blockchains LLC to operate as a telecoms provider will be a significant stepping stone towards their grander plans.
Blockchains LLC Will Operate As Telecom Provider in Rural Nevada County was originally found on [blokt] – Blockchain, Bitcoin & Cryptocurrency News.