According to a recent press release from the National Regulator of energy in Chile, Comisión Nacional de Energía de Chile (CNE) will deploy Ethereum blockchain technology to record their national energy data.
In a tweet by the Agency, the Pilot project aims to provide accuracy and accessibility by using “the most disruptive technology of the last decade,” and “is pioneering Blockchain implementation in Latin America.”
CNE wants to develop a record system consisting of several stages, instead of a centralised database, which is vulnerable to man-in-the-middle (MITM) attacks which can manipulate the data.
Susan Jimenez, who is the Minister of Energy commented on the pilot;
"Public information is an important input for making investment decisions, designing public policies or creating new tools at the service of society, which is why many of our users use this information to decide technical, economic, and labor aspects. That is why, by using [Blockchain] technology, we will raise the levels of trust of our stakeholders, investors and citizens in general who use the data delivered.”
Once verification os the energy data has been recorded, it will then be placed onto the Ethereum network which can be accessible by members of the public using a graphic user interface (GUI). By doing this, this improves on the accuracy of the data, which can be caused by human error or the Open Energy platform.