Nevada tech company asks to withdraw ‘Innovation Zone’ plan

This undated illustration provided by Blockchains LLC shows a proposed "smart city" in rural...
This undated illustration provided by Blockchains LLC shows a proposed "smart city" in rural northern Nevada. A cryptocurrency company that owns 67,000 acres in rural northern Nevada wants state government to grant technology companies power to form local governments on land they own. Jeffrey Berns, CEO of Nevada-based Blockchains, LLC, wants to build a "smart city" run on blockchain technology on the land his company purchased in 2018. (EYRC Architects/Blockchains LLC via AP)(AP)
Published: Oct. 7, 2021 at 4:07 PM PDT
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CARSON CITY, Nev. (AP) - A Nevada-based technology company that had lobbied state lawmakers to let it form a semi-autonomous smart city in the rural desert has withdrawn its proposal.

Blockchains said on Thursday that it no longer planned to construct a smart city that revolved around their technology, but planned to continue building out their platform in Nevada.

The company had proposed creating new jurisdictions called “Innovation Zones” that would initially be governed by a company-nominated board that could create court systems, impose taxes and make zoning decisions.

The proposal provoked opposition from environmentalists, local government officials and people skeptical of the growing power of technology companies.

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