Chile is Putting Energy Regulation on the Blockchain - Bitcoinist.com
ab1630's bookmarks 2018-03-04
Summary:
"In March, the Chilean National Energy Commission is set to adopt blockchain technology – a first for a public entity in the South American country.
Andrés Romero, the executive secretary of the National Energy Commission of Chile, has announced that the country’s regulatory entity will start using blockchain technology in March.
According to PV Magazine, 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.
The blockchain technology to be used will assist CNE in authenticating “average market prices, marginal costs, fuel prices and the compliance with renewable energy law.”...
It is also worth noting that Chile houses Latin America’s largest solar market.
According to PV Magazine, Chile’s total installed solar PV power has reached around 1.829 GW at the end of last year, though the country’s total accumulated power has already surpassed 2 GW — thanks to a pair of newly-connected large-scale solar plants.
Seeing blockchain technology being used to help facilitate the regulation of renewable energy is a sign of the technology’s positive potential in the energy industry. Expect to see more public entities around the world adopt blockchain platforms as the year progresses."