{"id":43224,"date":"2018-04-09T18:11:43","date_gmt":"2018-04-10T01:11:43","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=43224"},"modified":"2019-11-07T02:44:44","modified_gmt":"2019-11-07T02:44:44","slug":"chile-energy-ethereum","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/chile-energy-ethereum\/","title":{"rendered":"Chile is Putting its Energy Data on Ethereum&#8217;s Blockchain"},"content":{"rendered":"<p>On April 5th, the Chilean National Energy Commission (CNE) <a href=\"https:\/\/www.pv-magazine.com\/2018\/02\/27\/chiles-energy-regulator-to-use-blockchain\/\">announced<\/a> that it had launched the nation's first blockchain project. Originally teasing the project in February 2018, the commision said it wants to integrate average market prices, marginal costs, fuel prices, and compliance with the renewable energy law directly onto the blockchain.<\/p>\n<p>In February, Chile\u00a0announced\u00a0that they\u00a0were looking to improve the security of energy data by utilizing blockchain technology. Chile is among <a href=\"https:\/\/www.technologyreview.com\/s\/609077\/how-blockchain-could-give-us-a-smarter-energy-grid\/\">many countries<\/a> experiencing problems with\u00a0their energy\u00a0data storage; the current system allows room for accounting errors, not all of which are honest\u00a0mistakes.<\/p>\n<h2>A Lack of Transparency<\/h2>\n<p>Another recurrent problem is the distinct lack of transparency in the current system. They hope to combat this with blockchain technology allowing them to\u00a0certify that the information they provide in the open data portal has not been altered or modified and they will be left with an unalterable record of its existence.<\/p>\n<p>The executive secretary of the <a href=\"https:\/\/www.cne.cl\/en\/\">National Energy Commission of Chile<\/a>, Andr\u00e9s Romero announced:<\/p>\n<blockquote><p>\u201cThe 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,\u201d<\/p><\/blockquote>\n<h2>How the project will work<\/h2>\n<figure id=\"attachment_43359\" aria-describedby=\"caption-attachment-43359\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-43359\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/cne-logo-300x132.jpg\" alt=\"CNE\" width=\"300\" height=\"132\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/cne-logo-300x132.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/cne-logo.jpg 640w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-43359\" class=\"wp-caption-text\">The National Energy Commission (CNE) is a decentralized public institution with its capital and full capacity to acquire and exercise rights and contract obligations.<\/figcaption><\/figure>\n<p>The pilot project is aimed at boosting the transparency, accuracy, and security of data relating to the nation's energy sector.<\/p>\n<p>The trial will require the CNE employees taking\u00a0datasets from an existing energy data platform called <a href=\"http:\/\/energiaabierta.cl\/visualizaciones\/blockchain\/\">Energ\u00eda Abierta<\/a>, or Open Energy.<\/p>\n<p>After the software has been used to verify the data accuracy,\u00a0the data will be hashed and then recorded using Ethereums blockchain. Members of the public will be able to access the data through one of several public GUIs.<\/p>\n<h3>The human element in the process means that the data is still vulnerable to human error (whether by mistake or on purpose).<\/h3>\n<p>However, its a step in the right direction for the distributed ledger technology, and provides an extra layer of transparency and security that previously was not there.<\/p>\n<h2>High Hopes<\/h2>\n<p>The ministry has high hopes for this pilot project, hoping that it will reduce the possibility of suffering hacks and data manipulation. According to Minister Jim\u00e9nez,<\/p>\n<blockquote><p>&#8220;From the Ministry of Energy, we are interested in downloading this technology from a conceptual level to a specific case, understanding that it is considered by experts worldwide as the most disruptive technology of the last decade, and that be part of our day to day within the next few years. &#8220;<\/p><\/blockquote>\n<p>The reports that have been released suggest that Chile is very open to blockchain technology, it will be interesting to see if they look to implement this in other areas of the government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 5th, the Chilean National Energy Commission (CNE) announced that it had launched the nation&#8217;s first blockchain project. Originally teasing the project in February 2018, the commision said it wants to integrate average market prices, marginal costs, fuel prices, and compliance with the renewable energy law directly onto the blockchain. In February, Chile\u00a0announced\u00a0that they\u00a0were [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":43358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chile is Putting its Energy Data on Ethereum&#039;s Blockchain<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/chile-energy-ethereum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chile is Putting its Energy Data on Ethereum&#039;s Blockchain\" \/>\n<meta property=\"og:description\" content=\"On April 5th, the Chilean National Energy Commission (CNE) announced that it had launched the nation&#039;s first blockchain project. Originally teasing the project in February 2018, the commision said it wants to integrate average market prices, marginal costs, fuel prices, and compliance with the renewable energy law directly onto the blockchain. In February, Chile\u00a0announced\u00a0that they\u00a0were [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/chile-energy-ethereum\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-10T01:11:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-07T02:44:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/chile-energy-social.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aliesha Duffin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Chile is Putting its Energy Data on Ethereum&#039;s Blockchain\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/04\/chile-energy-social.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aliesha Duffin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/chile-energy-ethereum\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/chile-energy-ethereum\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/aliesha-duffin\/#person\",\"name\":\"Aliesha Duffin\",\"url\":\"https:\/\/cryptoslate.com\/author\/aliesha-duffin\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/aliesha-duffin\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/aliesha-duffin\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/author-aliesha.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/author-aliesha.jpg\",\"caption\":\"Aliesha Duffin\"},\"description\":\"Aliesha is a digital marketer, freelance writer, and blockchain enthusiast. 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