What is BLOCKCHAINS, LLC?
A premier innovator in the blockchain space, BLOCKCHAINS conceptualizes and incubates blockchain-powered ideas, ventures, and businesses.
According to the official Blockchains.com website:
Our current projects focus on financial services, software development of distributed applications (Dapps) for the Ethereum blockchain, and trusted identity solutions. BLOCKCHAINS serves as a proponent and platform for the next generation of technological disruption-changing the way individuals and businesses transact and interact with one another all across the world.
The Tahoe/Reno Industrial Center (TRIC) is a large piece of land just outside of Reno/Sparks, Nevada. It has become a data hub with companies like Google, Tesla, and now Blockchains LLC moving in. About 100 more companies exist in the park, including Walmart, FedEx, and Switch.
Geographically, it is located in a ideal area, with the I-80 running closeby (a main artery in the USA that runs coast-to-coast), the Union Pacific Rail and the I-5 near as well. It is also just 15 miles from the Reno Int Airport, which has cheap and fast flights to San Fransisco.
What is blockchain? The most disruptive tech in decades
The distributed ledger technology, better known as blockchain, has the potential to eliminate huge amounts of record-keeping, save money and disrupt IT in ways not seen since the internet arrived.
First and foremost, Blockchain is a public electronic ledger - similar to a relational database - that can be openly shared among disparate users and that creates an unchangeable record of their transactions, each one time-stamped and linked to the previous one. Each digital record or transaction in the thread is called a block (hence the name), and it allows either an open or controlled set of users to participate in the electronic ledger. Each block is linked to a specific participant.
Blockchain can only be updated by consensus between participants in the system, and when new data is entered, it can never be erased. The blockchain contains a true and verifiable record of each and every transaction ever made in the system.
The pluses and minuses of the cryptocurrency craze may be debatable, but the benefits of blockchain beyond bitcoin are much clearer. Seattle University pointed to some straightforward applications of the technology:
Boeing is using blockchain to document the supply chain for the thousands of parts that come together in airplane manufacturing. The aerospace giant is also seeking to patent a blockchain application aimed at countering GPS spoofing, a technique for hacking into an airplane's navigation system.
IBM is working on a blockchain-based system for tracking shipping containers as they make their way around the world.
Everledger has created a blockchain registry for verifying the origin and authenticity of diamonds and other luxury goods.
Walmart has teamed up with IBM and a wide range of partners on blockchain projects aimed at tracking Chinese pork, Mexican mangoes and other international food shipments.
At each step in the flow of goods, another block is added to the supply chain, showing everyone who's involved in shipping those goods what's been done. Blockchain is a way of keeping track of stuff, without having a single party responsible for keeping track of it.
The Industrial park that houses Tesla Gigafactory is nearly sold out after Blockchains deal.