Blockchains LLC ... What are they up to?

Now, I’m sure your have all seen the recent news articles around Blockchains LLC, But just in case you haven’t here's a quick recap.
Over the weekend the new broke that Blockchains LLC purchased 67,000 acres of land in Nevada, USA. Sharing the same business as the famed Tesla Giga-factory.

But why? What are they up to ?

Well the “why” is quite simple. Nevada has the lowest electricity costs in the USA for commercial businesses. That’s why the man with the electric cars decided to build his Giga-factory, where he uses machines and electricity to build cars that run on electricity, thats Elon Musk & Tesla if you didn’t know.

As we all know one of the primary issues with crypto’s at the moment is the electrical costs it takes to run them. So with a blockchain company buying up a significant amount of land in an area with cheap electricity it’s safe to say they are planning something big.

But what? That is the question.
There has been little news about exactly what they are planning to build on this land. Crypto news site ETHNews.com ,of which is owned by Blockchains LLC. Released an article about an interview with the CEO of Blockchains LLC, Jeffrey Berns.  In this interview Mr Berns disclosed that by 2021 he hopes to employ over 1000 individuals in what will be their new 300,000 square foot headquarters.

Now if you built a flat 300,000 square feet office, that's only 6.8 acres.
What about the other 66993.2 acres?

The company has said they are going to use the space to “showcase how blockchain technology can systematically improve business and industry without compromising consumers' rights or ownership of information.” - David Berns ETHNews.com.  That statement can be deemed as quite vague and wordy but the general gist of it is security and user rights. Which can only mean good things in a world where people and exchanges are being hacked daily.

It is worth noting that the are going to be building all this  on the Ethereum (ETH) platform.

My Predictions.

After reading the article and scouring their website I managed to pick out a few interesting things:

1) as previously mentioned Blockchains LLC owns ETHNews. So if you want no BS info about the company check out that site.

2) A line in their “What We Do” section of the site which states “We are developing means of offering traditional financial services in this new age of digital assets” - blockchains.com.

To me this could mean a couple of things:
One, they are looking at bridging the gap between cryptos and traditional banking. Maybe by making its easier to transfer money from banks to crypto.
Or two, which I think is even more interesting they are looking at providing what banks provide to consumers. I.e debit cards, loans and other financial services but based in crypto and ethereum. Now image that, a debit card that lets you pay for items and services in crypto the same way your bank debit card does now. This would certainly help get Visa and Mastercard into the crypto space.

Now with the volatility in the market this could mean that you buy a pizza with 1 Stratis coin and the next week you could of bought 20 pizzas. Smarter people than I will have to figure out a solution to that problem. That being said we will have to see what they come up with in the next few years. 

The one thing I know for sure is if they release a coin, I’m buying in.

If there is anything you think I have missed please feel free to comment below and let me know what you think they are going to be building on all that land.

Signing off,
WillCodeForBeer

Resources:

Blockchains LLC - https://www.blockchains.com
ETHNews - https://www.ethnews.com
ETHNews Blockchains LLC article - https://www.ethnews.com/blockchains-llc-acquiring-over-60000-acres-in-nevada-to-showcase-blockchain-applications-yes-ethereum-no-mining
Crypto Currently Podcast - https://www.youtube.com/channel/UCK4k2gEC4U7GWqQo7m1tecw
m.popkey.co Gig - https://m.popkey.co/0e70d9/Zmm6k_s-200x150.gif

DISCLAIMER : 

• I am not a licensed financial advisor.
• Any action based on any advice above is done so at your own risk and I am not liable for any loss.
• Any opinions detailed above or solely my own.
• Any hypothese detailed above is purely my own speculation based on resources gathered.