Costa Rica, known for its stunning natural beauty and commitment to eco-consciousness, is at the forefront of reshaping the global blockchain landscape. The rise of “Blockchain Jungle” marks a significant milestone in Costa Rica’s journey toward a sustainable blockchain future.
In January 2021, Costa Rican policymakers unveiled an ambitious proposal: a bill to regulate cryptocurrency transactions within the country. This multifaceted initiative aimed to establish a comprehensive legal framework for digital currencies, including renowned names like Bitcoin and Ethereum. The bill’s objectives were manifold, with an emphasis on fostering innovation, attracting foreign investment, and driving economic growth. It also aimed to combat issues related to money laundering and other illicit activities frequently associated with cryptocurrencies.
A pivotal aspect of the bill is the creation of the “Superintendencia de Criptoactivos y Actividades Conexas” (SUNCA), a regulatory body responsible for granting licenses to cryptocurrency exchanges and businesses dealing with digital currencies. Equally groundbreaking is the bill’s provision to allow workers to receive their salaries in cryptocurrencies, a move that promotes wider adoption.
Costa Rica’s journey into the world of cryptocurrencies began in 2018 when the Central Bank clarified that digital currencies like Bitcoin were not considered legal tender within the nation. However, this stance did not impede the use of digital currencies for transactions. Moreover, Costa Rica’s favorable political climate and abundant renewable energy resources have attracted cryptocurrency mining operations to its shores.
Fostering a Blockchain-Friendly Environment
Costa Rica’s dedication to blockchain technology became apparent in 2018 when the Ministry of Science and Technology expressed its intention to leverage blockchain for enhancing transparency and efficiency in government services. This commitment, combined with a strong emphasis on sustainability, set the stage for the inception of “Blockchain Jungle 2023.”
Blockchain Jungle 2023: Cultivating Sustainability
Scheduled for November 16th, 2023, at the Costa Rica Convention Center, “Blockchain Jungle 2023” is a remarkable event that aims to bring together global industry experts, innovators, and policymakers. Their collective objective is to collaborate, learn, and nurture a sustainable blockchain ecosystem in Costa Rica.
Juan C. Guerrero, the Executive Director of Blockchain Jungle, shares his vision for the event: “Blockchain Jungle serves as a platform for critical conversations among policymakers, innovators, and industry experts. Our aim is to strike a harmonious balance between technological advancement, policy formulation, and sustainability, not only in Costa Rica but on a global scale.”
The event’s core goals align with Costa Rica’s commitment to sustainability and cultural heritage. It encourages investment in Costa Rica, positioning the nation as a global leader in blockchain technology. Additionally, it seeks to attract international talent and resources while boosting the local economy through increased tourism and business opportunities. It also showcases Costa Rica’s renewable energy initiatives, aiming to inspire other nations to embrace sustainable blockchain practices.
Blockchain Jungle’s Impactful Agenda
“Blockchain Jungle 2023” features a comprehensive agenda designed to inspire change and promote sustainability. It includes thought-provoking presentations, interactive workshops, and masterclasses covering green mining, sustainable blockchain solutions, and decentralized finance (DeFi).
The agenda comprises keynote speeches, panel discussions, and networking opportunities, with a strong focus on finance, technology, environment, and policy-making within the blockchain space. Themed breakout sessions foster collaborative problem-solving, while the Innovation Lab highlights new technologies and promising startups. One of the keynote speakers is Cathy Hackl who is a highly respected global business executive, tech futurist, and media personality. She’s a leading authority in emerging tech and co-founded Journey where she advises companies, brands, cities and governments with gaming, AR, AI, spatial computing, metaverse, web3, virtual world strategies, and strategic foresight. Brands like Nike, Walmart, Louis Vuitton, and Clinique have trusted her to guide them into new virtual spaces on their emerging tech journeys.
Sustainability remains a central theme, with the Sustainability Village presented by FIFCO showcasing Costa Rica’s renewable energy initiatives and sustainable products from local businesses. FIFCO, a prominent sponsor, plays a pivotal role in supporting this endeavor.
Blockchain Jungle also places great importance on empowering local communities and promoting financial inclusion through DeFi solutions, with the aim of fostering a sense of national pride.
The Grand Finale
As the conference draws to a close, organizers will summarize key takeaways and outline Costa Rica’s next steps toward becoming a global blockchain hub. The celebration continues with a grand concert featuring headline performances by Costa Rican indie-pop sensation MishCatt, multi-instrumentalist Sonia Bruno, and local electronic music producer and DJ Disto, promising a memorable night of entertainment and festivity.
“Blockchain Jungle: Leading the Sustainable Blockchain Revolution” exemplifies Costa Rica’s unwavering commitment to shaping a sustainable future through blockchain technology. With its forward-thinking approach, Costa Rica is poised to lead the way in cryptocurrency adoption and blockchain solutions. As the conference pioneers this unique event, it demonstrates how sustainability and technological advancement can converge, leaving an indelible mark on the global blockchain landscape.