Blockchain Firm Planning To Build 'Smart City' Buys Slock.it

chiefcrash writes from a report via Bloomberg: Blockchains LLC, a Nevada-based startup that plans to build an Ethereum city, has acquired Slock.it, the German-based startup known for their attempt in 2016 to build an Ethereum computer as well as the DAO. President David Berns declined to say how much the firm paid for Slock.it, but said a major incentive for the purchase was the target company's Incubed product, which connects devices like appliances and vehicles to the Ethereum blockchain using minimal bandwidth and power. 'For our vision of what we want to do for smart cities, that software is key,' Berns said.

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