The Chilean Energy Regulatory Agency, the National Energy Commission of Chile ( CNE), announced that it will implement Blockchain technology in the national energy network. publication pv magazine February 27th.

The CNE will use the Blockchain to authenticate information such as marginal costs, average market prices, fuel prices and compliance with the Renewable Energy Act. The executive secretary of the CNE, Andrés Romero, said that the movement towards the blockchain was done for the sake of data security.

“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 data portal have not been altered or altered and have left an unalterable record of its existence, “says Romero. the data provided by the regulatory agency, enhancing the confidence of investors, stakeholders and the general public. Chile plans to implement the technology in March 2018.

Blockchain technology has proven to be a boon to energy sector companies in regulators of various sectors from the industry. S & P Global Platts recently announced that it would use its own Blockchain solution to report oil information to the UAE.

The WePower project used Blockchain solutions to integrate measurement data with grid operations and advanced analysis. build a “smart count”. This platform based on Ethereum allows consumers to connect directly to renewable energy sources for their power.