The blockchain is a lot more than simply cryptocurrency. Its temperament defines this as a Distributed Ledger Technology (DLT), but a lot of men and women replicate the concept to just describe the technology which amuses bitcoin and altcoins others explore and exploit the capacity of what a few experts define as the most significant progress for society because of the visual appeal of the world wide web.

A good illustration of these improvements are the attempts being made with The Chilean National Energy Commission, that at the end of February declared they’ll be adapting to the usage of blockchain technology to ”certify the quality and certainty of the open data of the national energy sector“.

Putting information within a blockchain ensures a degree of transparency, confidence, and safety that’s hard to compare with the ones acquired via centralized data management. Here is something which associations understand nicely, therefore some information like “average market prices, marginal costs, fuel prices and the compliance with renewable energy law” is going to be put and got in real time at a transparent manner via a DLT to not just facilitate a fantastic relationship with the general individuals but also to raise performance levels when performing research based on information, reducing the requirement to plagiarize data.

This leaves Chile a mention nation to the adoption of blockchain technology in the Latin American area, and in precisely the exact same time makes Chile’s National Energy Commission a political and technological mention in the nation.

According to official announcements on its own website, the executive secretary of the National Energy Commission of Chile, Andrés Romero, is very optimistic regarding this technological invention:

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 open data portal has not been altered or modified and left an unalterable record of its existence.

Likewise, though some public associations shield confidentiality as a simple principle of the activities, this Institution suggests there’s data more intriguing to stay available and clear to third parties, even permitting them to grow the confidence of their men and women who live in the info supplied.

Public information is an important input for the decision making of investments and energy projects and many of our users use this information to decide technical, economic and labour aspects. That is why, through the use of this technology, we will raise the levels of trust of our stakeholders, investors and the general public that consumes the data delivered at www.energiaabierta.cl

This is a significant leap forward in the adoption of blockchain technology in key facets of normal life like data and information management. Although Chile has stayed under the radar concerning a formal statement about the usage of both cryptocurrencies, the adoption of blockchain for official applications is a little donation to an ever-growing community. The migration method is expected to begin later this month.

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