The Chilean government is taking a step forward by Taking advantage of the Blockchain. The Chilean National Energy Commission is set to adopt this revolutionary technology to regulate the energy usage in their country.
According to PV Magazine, the CNE will use the Open Energy platform (Energía Abierta) in order to “certify the quality and certainty of the open data of the national energy sector.” In doing so, CNE will officially become Chile’s first public entity to utilize the inherent benefits of blockchain technology.
Andrés Romero, the executive secretary of the CNE of Chile, has announced that the country’s regulatory entity will start using blockchain technology in March.
“The National Energy Commission has decided to join this innovative technology and we have decided to use blockchain as a digital notary, which will allow us to certify that the information we provide in the open data portal has not been altered or modified and left unalterable record of its existence, “Romero said.
The executive secretary of the CNE added that
“public information is an important input for the decision making of investments and energy projects and many of our users use this information to decide technical, economic and labor aspects. That is why, through the use of this technology, we will raise the levels of trust of our stakeholders, investors and the general public that consumes the data delivered at energia abierta “.
The plan for the CNE is to average market prices marginal costs, fuel prices and the compliance with renewable energy law. Chile solar capacity surpassed 2 GW, making it the largest supplier of solar energy in South America.
The race towards blockchain implementation is getting bigger in the Latin American continent. Startup such as LATAM Blockchain Group and Bitcoin Latina is working with companies and enterprises to find blockchain solutions to their problems.
By Menajem Benchimol.
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