Nevada Archives -
Barrick Gold’s bid to acquire rival gold producer Newmont Mining centers on a plan to combine portfolios and operations in the state of Nevada.
WSJ.com: US Business
According to public records obtained from Washoe County, home to one of the marriage epicenters of the world in Reno, Nevada, the region saw over 950 blockchain recorded marriages in 2018. Moreover, about 250 miles away in Elko, Nevada, county officials are recording birth certificates using blockchain technology.
Blockchain Recorded Marriages Are On the Rise in Nevada
Reno, Nevada, otherwise known as “the biggest little city in the world,” saw a significant number of blockchain recorded marriages last year. It’s well known throughout the world that getting married in Reno or Vegas is extremely easy and, unlike other states, individuals can obtain a license without any blood tests. According to records gathered last December, the county of Washoe saw over 950 marriages that were registered into the Ethereum (ETH) blockchain. The executive from a firm called Titan Seal, Phil Dhingra, told the local Reno Gazette-Journal that the documents are cataloged into the ETH blockchain because “[ETH] has computing power that makes it hard to hack.”
Dhingra also explained that typically a traditional marriage certificate can take 10 business days to process and the blockchain-backed certificates take less than 24 hours. Hunter Halcomb, a Washoe County systems technician, says individuals are using this system because lots of people come to Reno to get married. Furthermore, unlike paper certificates, owners can reuse them as many times as they want without having to order a new seal every time the document is used. In addition to Washoe, the county of Elko has been testing birth certificates that are filed on a blockchain. Counties in Nevada have been testing the technology for records ever since Senate Bill 398 was introduced and eventually passed. The new law incorporates smart contracts into the state’s electronics records law and any blockchain-related transactions are currently recognized by the state.
Other Government Agencies Are Still Not Keen on Digitally Recorded Certificates
Blockchain recorded certificates is not a new concept as the idea has been tested many times in the past. In 2014 the first blockchain recorded wedding hosted by the startup Bitnation saw the marriage of Joyce and David Mondrus get officially recorded into the BTC chain. The event was dubbed the “Blockchain Marriage” and took place on Oct. 5 at the Coins in the Kingdom bitcoin conference at Disney World.
Other types of certificates have been filed into the BTC chain as well, as schools like Holberton New Haven, and MIT in Boston use the blockchain to log academic certifications. There is also a few platforms that specialize in blockchain-based data certification like Blockcerts, Stampery, and Blocksign. Last year, Bitcoin.com’s web portal launched a notary service on top of the Bitcoin Cash (BCH) blockchain.
Meanwhile, Halcomb emphasized there are some drawbacks to digitally recorded certificates in Nevada at the moment. For example, the Social Security Administration has been friendly towards this type of documentation, but digital certificate acceptance with entities like the department of motor vehicles in certain areas can vary, the Washoe County systems technician noted.
What do you think about the amount of blockchain-based wedding certificates in Nevada? Let us know what you think about this subject in the comments section below.
Images via Shutterstock, Coins in the Kingdom, and Pixabay.
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Some have called 2018 the Year of the Woman. In Nevada, 2019 will be the year of the woman-majority state Legislature.
No more “pink tax” in Nevada: Voters on Tuesday amended the state’s 1955 tax act to remove the sales and storage tax on menstrual products. Feminine hygiene products are already exempt from sales taxes in nine other states and the District of Columbia, and in an additional five states there…
Voters in Nevada just elected a dead pimp to the State Assembly, sort of … voting in Dennis Hof only 3 weeks after the famous brothel owner died at one his whorehouses. Dennis was still on the ballot as a Republican candidate for the…
Consumer protection lawyer Jeffrey Berns is the owner and CEO of Blockchains LLC, a company that bought more than 67,000 acres of land in northern Nevada for $ 170 million earlier this year. On Thursday, he revealed plans to build a crypto city in the desert, claiming to have invested $ 300 million to make it a reality.
Welcome to Sandbox City
Berns, who focused primarily on class action suits against big financial services companies during his law career, reportedly made a fortune by investing in Ethereum in 2015. Now he wants to give back to the crypto community and leave his mark on the world by establishing Sandbox City.
The sprawling complex is meant to be a model for running a smart city with a decentralized blockchain infrastructure powering all interactions. It will house a high-tech park for ventures combining blockchain technology with artificial intelligence (AI), 3D printing and nanotechnology. The planned city will include residential units for thousands of people to live in, alongside shops for commerce. The area will also host an esports arena and a studio for creating music, movies and games.
A Friendly Bank and Nuclear Bunkers
Besides giving developers a place to gather, and investors an attractive tax location, Blockchains LLC has a few more offers for the industry.
According to the launch event speech by the CEO, he bought two decommissioned military bunkers in different parts of the United States in order to offer secure physical digital asset storage. For storage outside the U.S., the company also acquired a “fortress” under a granite mountain in Switzerland, and one in Sweden.
Berns also said he bought a bank that he promises to make the most friendly fiat banking solution for the cryptocurrency ecosystem. He explained that he decided to take this move when his own bank blocked all his cards after he outed himself as a Coinbase customer in order to fight in court against the IRS demand for the exchange to hand over all client data.
The company has also signed a Memorandum of Understanding with Nevada’s electricity public utility, NV Energy, agreeing to work together on energy projects powered by blockchain technology.
Does cryptocurrency technology development require a dedicated city? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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The post Lawyer Invests $ 300 Million to Build Crypto City in the Nevada Desert appeared first on Bitcoin News.
A ballot measure in Nevada reportedly has drawn in more spending than the state’s Senate race and has pitted two billionaires against each other in a battle for the fate of the state’s electricity supply.
President Trump on Saturday continued his theme of portraying Democrats as campaigning on a platform of “radical socialism” and “open borders” and said they would turn the U.S. into Venezuela if they took power.
President Donald Trump and former Vice President Joe Biden, a potential White House challenger in 2020, are making election pushes several hundred miles apart from each other in pivotal Nevada, where early voting was beginning Saturday, the AP reports. Trump was wrapping up a visit to Western states with an…