Chia Network

Decentralized blockchain technology for data management

San Francisco, California, United States

About Chia Network

Chia Network focuses on enhancing digital infrastructure through blockchain technology, emphasizing security and sustainability. Its system operates on a decentralized architecture with over 100,000 nodes worldwide, which helps protect against unauthorized access and data tampering. Unlike many existing blockchains that prioritize simplicity, Chia Network aims for a more secure and environmentally friendly approach, consuming less energy than traditional systems. The technology includes a decentralized data store called DataLayer, which is resistant to fraud and can be integrated with existing databases, offering the benefits of both traditional and blockchain systems. Chia Network serves a diverse clientele, including innovators, artists, and large organizations, with the goal of improving trust, transparency, and efficiency across various industries.

San Francisco, CaliforniaHeadquarters
2017Year Founded
$67.8MTotal Funding
SERIES_DCompany Stage
Data & Analytics, Crypto & Web3Industries
51-200Employees

Risks

Reliance on PoST may face challenges from emerging consensus mechanisms.
Regulatory compliance focus could be threatened by changing international regulations.
IPO plans might be affected by market volatility and investor skepticism.

Differentiation

Chia Network uses Proof-of-Space-and-Time for sustainable blockchain consensus.
The company prioritizes security and sustainability over simplicity and adoption.
Chia's decentralized architecture spans over 100,000 nodes in more than 100 countries.

Upsides

Partnership with Google Cloud enhances scalability and integration capabilities.
Effie Datson's appointment may drive blockchain adoption in finance.
Chia's focus on NFTs and carbon tracking suggests strategic market expansion.