Summary of January 2023 [PRESS]

An article about blockchains leading us towards a greener, more eco-friendly future appeared in Tech Times. The creation of the text was inspired by a panel discussion at the CES 2023 conference held in the first week of January in Las Vegas. Tech Times quoted Jonmichael Hands, Vice President of Business Development for Mass Storage at Chia. The network itself was mentioned in the context of combating the global climate crisis and described as a "sustainable and secure blockchain". Punchbowl News also covered the aforementioned CES panel. According to Hands, cryptographic technologies, including Chia, will make it difficult for entities to evade climate commitments and will facilitate reliable audits. In other words, if a corporation wants to purchase carbon credits worth millions of dollars, they will have to come from a verified, blockchain-secured registry.

Several major media outlets wrote about Chia in connection with the management reshuffling that took place with the arrival of the new year. Business Wire reported that Bram Cohen, the founder and CEO of the network, assumed the position of Chairman of the Board and Chief Technology Officer (CTO). Gene Hoffman, the former COO, became the new CEO of Chia Network. This change is a result of the growing demand for access to Chia technology, which is intended to contribute to infrastructure scaling. The company's current goal is to go public as soon as possible.

Bram Cohen's contribution to the network's development cannot be overestimated: it was thanks to him that the unique Chialisp programming language was created, the mainnet was launched, and the Chia Network organization was built from scratch. Business Wire quoted both executives, and it appears that both gentlemen are pleased with the steps taken. Cohen is confident that he is leaving his company in good hands, and Hoffman appears enthusiastic about achieving further innovative goals. Journalists also mentioned that Chia is implementing technology in enterprises and governments that proves the usefulness of blockchain in the real world. Bloomberg also reported on the significant change in leadership, presenting Hoffman as an ambitious CEO who, despite the market slowdown, remains committed to the established goals and plans to take the company public.

An interesting article about investment choices of Anthony Scaramucci, a well-known American financier, was published in the online magazine Politico. From the title, we learn that Scaramucci "does not give up on crypto"; then, we get to know his opinion, as well as that of several other financiers who are not discouraged by the current crisis in the industry. The text also quoted one of the directors at Chia, Vishal Kapoor (Director of Strategy and Business Development) who comes across as a down-to-earth specialist urging focus on improving technology, rather than perceiving crypto solely as a tool to evade control or regulation.

Finally, a transcript of a conversation with Gene Hoffman was published on Yahoo! Finance. The new CEO of Chia Network discusses FTX's failures, outlines perspectives for the crypto market, and explains why investors should take an interest in the Chia blockchain. Among the arguments presented are the extensive adoption of Chia in the real world, collaboration with the World Bank on a carbon credit project, cooperation with other governments for the development of interesting projects, and the PoST algorithm, which ensures security and high efficiency with relatively low energy consumption.

It seems that Gene Hoffman's initial appearances as CEO are having a positive impact on the company's PR. Of course, we intend to keep our finger on the pulse - in a month, we will report on further press mentions about the Chia network.