Chia Network has joined forces with the Costa Rican government to help them track climate change and provide solutions for their country. As a nation rich in biodiversity, this partnership will allow Costa Rica to use blockchain as an effective tool for monitoring environmental changes that could potentially save lives by alerting officials of imminent dangers early on.
Chia Network is a project that will help Costa Rica track climate change. The Chia Network uses the power of blockchain technology to create an ecosystem that allows users to mine, send, and receive Chia coins. The coins can also be traded on exchanges for other cryptocurrencies or fiat currencies.
Chia Network was recently appointed by the Costa Rican government to monitor climate change actions in the area.
Costa Rica and Chia Network have signed a climate change agreement.
The Bram Cohen-led firm will provide technical services to the country’s national climate change measurement system, according to a memorandum of agreement inked by the blockchain and smart transaction startup and the Central American government (SINAMMEC).
The Costa Rican government will use blockchain and smart transaction platform technology to produce open-source software to better the administration of its climate inventory, according to Chia Network.
It was also announced that the produced software will be made freely accessible to other nations. Chia would also run a national register to manage “carbon inventories, climate registries, and bilateral matching adjustments with transactions to move credits across nations.”
Chia is attending COP26 to promote their pledge to be the rails for allowing climate inventory management. Chia’s involvement in the project will allow for a direct link to a public blockchain-based Climate Warehouse, as well as eventual project operationalization in Costa Rica and beyond.
SINAMECC was established in the year 2018. It was established to act as Costa Rica’s official platform for monitoring problems related to the country’s national climate change policy and for supervising climate information.
The selection of Chia Network as the country’s climate change monitor, according to Costa Rican Environment and Energy Minister Andrea Meza Murillo, is “a vital step toward strong, open collaboration on climate action based on environmental integrity.”
“Teaming with Costa Rica’s leadership in this endeavor with the Chia blockchain will build genuine momentum to empower markets to assist address global, real-world challenges,” Chia Network President and Chief Operating Officer Gene Hoffman stated in response.
Chia Network had stated a week earlier in a fact sheet that it was working on a data-sharing prototype for the World Bank’s Climate Warehouse that would help with “the transparent sharing and reporting of climate project information and its issuance.”
Gain a competitive advantage in the cryptoasset market.
As a premium Edge member, you’ll get additional crypto insights and context in every story.
Analyses of the whole chain
Snapshots of prices
a little more context
For just $19 a month, you can become a member right now. Examine all of the advantages.
Like what you’ve seen so far? Stay up to date by subscribing.
Chia Network is a new project that will help Costa Rica track climate change. The platform will be used to create an open source network for monitoring and sharing data about the health of the planet. Chia uses blockchain technology to provide transparency, accountability, and security. The project has raised $3 million in its pre-sale. Reference: where can i buy chia coin.
Related Tags
- will chia coin take off
- chia coin news
- chia coin price prediction
- chia farming setup
- chia network review