What's happening in the Chia Network management? [PRESS RELEASE]

First transaction within CAD

First of all – The World Bank Fund and Sumitomo (SCOA) officially commenced trading of tokenized carbon credits using the Climate Action Data Trust. CAD, as we have written about numerous times before, has been built on the Chia Network blockchain. It had long been known that this would happen, but only now has the first transaction been carried out – of course, successfully. This event was reported by portals including BusinessWire and Carbon Pulse. It's worth emphasizing that international, transparent, and secure trading of carbon emission allowances is a step towards a more sustainable ecosystem. To strive for a green future, markets must turn towards innovative, digital solutions, and Chia Network has just provided one of them. The purchase of carbon credits by SCOA and finalizing the first set of transactions on the blockchain demonstrate the validity of the fund's concept and vision.

It's just the beginning – interview with CEO of Chia Network

An interview video with the CEO of Chia Network, Gene Hoffman, was featured on CGTN America's portal. We wholeheartedly recommend that all interested in the development vision represented by the company's management acquaint themselves with the content of this short film. While voices predicting the rapid end of the crypto market emerge in the industry, Hoffman patiently explains that blockchain technology is 'just getting started'. In addition, the Chia Network president explains the company's approach to security and legality, and also talks about the popularity of cryptocurrencies in the Chinese market.

New director on board

In the second half of July, the BusinessWire service reported on changes in the Chia Network board of directors – the company announced that Effie Datson had joined the Board of Directors with immediate effect. Datson gladly accepted the prestigious position: as she admits, she deeply believes in the Chia vision and is convinced that the team stands out among the competition when it comes to real work on increasing blockchain technology adoption. Datson has over 28 years of experience in the financial sector – she will bring specialized knowledge in alternative investments, public, private, and OTC markets, as well as derivatives to the company. This is certainly a valuable perspective that will complement the knowledge of the entire board and guide the company through the next growth phase – a sentiment also expressed by Gene Hoffman himself.

The new director studied at Harvard – she earned a Bachelor of Social Sciences degree at Harvard College and a Master of Business Administration at Harvard Business School. Throughout her impressive career, she held executive positions at Barclays, Deutsche Bank, Goldman Sachs, State Street, and Union Bancaire Privée (UBP). She also served as the director of a FinTech startup that focused on building a digital asset trading platform. Datson intends to bring her experience to Chia to support the team's mission and make efforts towards a thoughtful, secure digital economy. As you can see, there are no random people in the Chia Network board – we are confident that Effie Datson's efforts will further strengthen the company's position in the industry.