Sisolak urges Nevadans to keep 'open mind' about plan for autonomous Innovation Zone run on crypto- [View all]

Sisolak urges Nevadans to keep ‘open mind’ about plan for autonomous Innovation Zone run on cryptocurrency


Gov. Steve Sisolak urged critics not to write off a proposal pushed by Blockchains LLC to create an autonomous “Innovation Zone” in a large undeveloped tract of Nevada, saying the hard-hit state needs to embrace a unique and bold idea instead of waiting on economic recovery.

Sisolak hosted a virtual roundtable discussion on Friday to offer more details on the Innovation Zones, which are backed by Nevada-based Blockchains LLC and were listed as a cornerstone of the governor’s plans for Nevada’s economic rebound. The company envisions developing a 36,000-person Painted Rock Smart City that is run on a Stablecoin cryptocurrency and supports the company’s efforts toward wider adoption of blockchain technology.

But critics have panned the draft proposal — which has not been introduced yet as formal legislation — to have the Zone slowly secede from the surrounding county. They also question how it will secure enough water without harming the environment or touching off a nasty spate of litigation.

“I'm not afraid of the hard questions. And I'm not afraid to listen to those who believe the concept as proposed is flawed,” Sisolak said. “I just ask that all involved understand that the end goal is a massive economic development investment in Nevada, and a chance ... to set down a marker that Nevada is the blockchain technology center of the world.”

Read more: https://thenevadaindependent.com/article/sisolak-urges-nevadans-to-keep-open-mind-about-plan-for-autonomous-innovation-zone-run-on-cryptocurrency