Chile Adopts Blockchain Technology for National Energy Grid.

The Chilean energy regulatory agency, the Comisión Nacional de Energía de Chile (CNE), has announced that it will implement Blockchain technology in the national energy grid.

The CNE will use the Blockchain to authenticate information like marginal costs, average market prices, fuel prices, and compliance with renewable energy law. The CNE executive secretary Andrés Romero stated that the move toward blockchain was done out of concern for data security.

Romero added that the technology will increase trust in the data provided by the regulatory agency, boosting the confidence of investors, stakeholders, and the public at large. Chile plans to implement the technology in March, 2018.