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Chile will use the Blockchain technology for national energy

The Chilean energy regulatory agency, the Comisión Nacional de Energía de Chile (CNE), has announced the implementation of Blockchain technology in the national energy grid.

04.Mar.18 2:29 AM
By Daria Zaytseva


Chile will use the Blockchain technology for national energy

The CNE will use the Blockchain to authenticate information, such as marginal costs, average market prices, fuel prices and compliance with the renewable energy law. The CNE executive secretary Andrés Romero said that the transition to the blockchain was made because of concern about the security of the data.

Romero added that the technology will increase confidence in the data provided by the regulatory body, increasing the confidence of investors, stakeholders and the general public. Chile plans to introduce the technology in March 2018.

Blockchain technology has been a boon to energy companies in regulators in various sectors of the industry. Recently, S & P Global Platts announced that they would use the deployment of their own Blockchain solution to provide information on oil in the UAE.

The WePower project used Blockchain solutions to integrate measurement data with mesh operations and advanced analytics in an attempt to build "smart metering". This platform, based on the Ethereum, allows consumers to directly connect to renewable energy sources for their power.

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