Chile's energy commission activates blockchain technology

Bnamericas Published: Friday, April 06, 2018
Chile's energy commission activates blockchain technology

As part of her portfolio's plan to increase innovation in the sector, Chile's energy minister Susana Jiménez announced that the national energy commission (CNE) has begun to use blockchain technology, the first public entity in the country to do so.

The objective is to increase security, integrity, traceability and confidence in public information, the ministry said in a press release.

The blockchain data and information will be shared through the Energía Abierta statistics platform.

Instead of having a centralized information system which is "easy to manipulate or hack by third parties," CNE will "share data distributed among hundreds of thousands of servers, which will allow everyone to have access to real-time energy information, with the information being authenticated by many witnesses observing the process," the ministry said.

For the initial stage, CNE uploaded information on installed power capacity, average market prices, marginal costs, hydrocarbon prices, compliance with the NCRE law, medium power generation, emission factors and residential generation facilities, among others.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: ICT

Get critical information about thousands of ICT projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: ICT (Chile)

Get critical information about thousands of ICT companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Chile Telcos
  • Chile Telcos is the Chilean trade union organization made up of internet, mobile and fixed telephony and pay TV service companies: Claro, Entel, GTD, Movistar, Mundo and VTR. Ch...
  • Company: Barros y Errázuriz Abogados
  • Barros y Errázuriz Abogados, founded in 1988, is a Chilean law firm based in Santiago, providing legal advisory services by a team of specialized associates and lawyers on diffe...
  • Company: Telefónica Chile S.A.
  • Teléfonica Chile S.A., a subsidiary of Spanish Telefónica S.A., provides broadband, pay television, local and long distance telephony, and other services, for the residential an...