Amid Tech Boom, Nevada Wants to Become Home for Blockchain-Related Businesses

The Nevada Independent, Jan 28, 2018

By Megan Messerly

While bitcoin has gradually become a household word, the underlying technology behind it — known as blockchain — isn’t quite there yet, though it has found a recent home in Nevada law.

Blockchain is, at its simplest, a kind of distributed ledger technology. It can be used to track and keep secure all sorts of different records, things like financial transactions, shipping data and birth certificates.

Economic development officials, tech companies and blockchain advocates see a bright future for the technology here in Nevada, with the state’s vast amounts of land and relatively inexpensive energy costs. To top it off, they say that the state laid out a symbolic welcome mat when it passed a blockchain bill last year, signaling to companies that Nevada understands what blockchain is and is interested in giving companies the space they need to innovate as applications of the technology continue to emerge.

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