Chia Network to Help Costa Rican Government Track Climate Change

The blockchain and smart transaction platform will supply technical services for the Central American country’s climate change metrics system.

Nov 12, 2021 at 4:23 a.m. UTC
Updated Nov 12, 2021 at 7:44 p.m. UTC

Chia Network, the blockchain and smart transaction platform created by Bram Cohen, the founder of file-sharing platform BitTorrent, will provide technical services to Costa Rica’s national climate change metrics system (SINAMMEC), Chia said on Thursday.

  • The Costa Rican government will use Chia’s blockchain technology to develop an open-source software platform for improving the management of its “climate inventory,” Chia said.
  • The platform, which will be shared free of charge with other countries, will also operate national registries “to manage carbon inventory, climate registry and record bilateral corresponding adjustments with trades to shift credits among countries,” Chia announced.
  • Created in 2018, SINAMECC is Costa Rica’s official platform for coordinating climate information and tracking the country’s national climate change policy.
  • Andrea Meza Murillo, Minister of Environment and Energy of Costa Rica, said that the announcement “is a critical step toward robust, transparent cooperation on climate action focused on environmental integrity.”
  • “Teaming Costa Rica’s leadership in this initiative with the Chia blockchain will create real momentum to enable markets to help solve global, real world problems,” Chia Network President and Chief Operating Officer Gene Hoffman said in an email to CoinDesk.
  • Last week, Chia announced it was developing a data-sharing prototype for the World Bank’s Climate Warehouse, which will facilitate “the transparent sharing and reporting of climate project information and its issuances,” it said in a fact sheet.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Andrés Engler is a CoinDesk business reporter based in Argentina, where he covers the Latin American crypto ecosystem.