The Chilean government announced that the country will use bloccano Ethereum to write data in the energy sector. This writes CoinDesk.
The national energy Commission, which is part of the Ministry of energy of Chile, said it will publish the energy data in the public register Ethereum in order to “increase their security, integrity and traceability, and the assurance that this information will be available to the public”.
The Commission is particularly concerned that its databases can hack and manipulate the stored information. But the approach that uses Ethereum is an alternative data storage method by which information is distributed among a large number of nodes, which helps to reduce the risk.
The Commission has already started to move some data into the blockchain, including information on capacity of installed generators, secondary market prices, the maximum cost, the price of hydrocarbons and the observance of the laws, which require that a certain percentage of electricity production was accounted for by renewable energy sources.
After completing the first stage of the project called Energia Abierta (i.e., “open energy”), the Board will review the results and then share them with other companies and government institutions within the energy sector.
“We are keen to take the concept of technology and to find him a specific application, but with the understanding that the world-class experts consider it as the most disruptive technology of the last decade, and that over the next few years, it may be a part of everyday life,” said Suzanne Jimenez, Minister of energy of Chile.
It is noteworthy that the government of Chile decided to use a non-exclusive, namely open bloccano Ethereum. In a statement, the Ministry said that thanks to the authentication data with the help of “hundreds of thousands of servers,” information is more difficult to change, and therefore she deserves more confidence.