Le Lézard
Classified in: Science and technology
Subject: Contract/Agreement

Chia Network Joins the Blockchain Association to Amplify Policy Efforts


Chia Network Inc. ("Chia" or the "Company"), founded by Bram Cohen to provide an open source public blockchain optimized for real-world adoption, today announced its membership in the Blockchain Association, a member-led industry association supporting future-forward and pro-innovation policy and regulatory frameworks for blockchain and the crypto economy.

Chia seeks to serve as a compliant infrastructure for the future of finance, and together with the Blockchain Association, build regulatory and institutional trust through demonstrated security, sustainability, equitable access, and inclusivity. The speed and breadth of adoption of blockchain technology and cryptocurrency highlight the necessity of mutual education, meaningful dialogue and collaborative efforts with policymakers. The industry comprises a broad set of organizations, each focused on their respective work and needs ? the Blockchain Association provides a valuable forum for alignment and a central locus of external representation.

Through its membership, Chia will participate with the most prominent industry coalition in regulatory analysis and insight, and gain a platform to amplify the continued growth, development, and application of the Chia blockchain and technologies. Additionally, Chia will continue to represent the needs of its farmer and developer communities within the industry and to regulatory stakeholders.

"We're stewarding one of the most decentralized blockchain networks and communities in the world, and we believe it's incumbent upon us to provide education and input to policymakers from an industry perspective and equally important to solicit feedback," said Gene Hoffman, President and Chief Operating Officer of Chia Network. "We're driving real-world use cases with our technology, initially serving multilaterals focused on Climate Finance, and the Blockchain Association provides a platform to connect with industry peers and policymakers. The future of global finance is being created, regulated, and litigated today ? and our work together ensures Chia's voice is heard."

"We are pleased to welcome Chia Network as a member of the Blockchain Association," said Kristin Smith, Executive Director of the Blockchain Association. "Chia is leveraging new innovations in blockchain technology to build a network optimized for the future of finance. Chia's commitment to security and sustainability in the development of its open source network make it a significant addition to our unified industry voice."

About Chia Network

Chia Network built a better blockchain to drive real-world use and application. Founded by Bram Cohen, inventor of BitTorrent, Chia provides a secure, sustainable and regulatory compliant blockchain setting the standard for the infrastructure of digital currency and inclusive access to global, decentralized finance. Through the innovative Proof of Space and Time consensus algorithm, Chia Network's public, open source blockchain leverages hard drive space to create the first new Nakamoto Consensus since Bitcoin in 2009.

For more information, visit: https://chia.net/


These press releases may also interest you

at 12:55
DesignMap, the industry-leading digital product design consultancy, is undertaking a strategic multiyear growth plan. The company, which has been providing strategic design services for leading Silicon Valley tech companies since 2006, not only...

at 11:45
In the Hype Cycle for Privacy, 2021, Gartner recognized Prime Factors among Sample Vendors in Privacy, a space that is a top priority for security and risk management leaders managing technology, information and resilience risk. For Format-Preserving...

at 11:15
The Boulder Group announced the release of its 2nd Quarter Net Lease Research Report today. Cap rates in the single tenant net lease sector increased slightly or were unchanged in the second quarter of 2022. Single tenant cap rates increased by 5 and...

at 10:27
Peng Liyuan, wife of Chinese President Xi Jinping, on Thursday visited the Xiqu Center in Hong Kong's West Kowloon Cultural District, a venue for the art of Chinese traditional theater. She watched rehearsals of Cantonese opera performances and a...

at 09:10
Stallergenes Greer, a global healthcare company specialising in allergen immunotherapy (AIT), today announced positive data from its EfficAPSI real-world study. Presented at the 2022 European Academy of Allergy and Clinical Immunology (EAACI)...

at 08:04
The...



News published on 18 may 2022 at 06:10 and distributed by: