Data collection from various sources is a great application of blockchain technology. And Chilean National Energy Commission has decided the same in regards of the country's energy data and statistics. Now all this information will be recorded and tracked through Ethereum blockchain, according to the announcement by Chilean energy minister Susana Jimenez.
The new project Energia Abierta (“Open Energy”) by National Energy Commission and under the supervision of Chilean Energy Ministry from now on will commit all the detailed information from the country's energy sector to Ethereum blockchain in an effort to “augment levels of security, integrity, traceability, and confidence in the information available to the public”.
The initiative's decision to use blockchain stems from the need to present a detailed and trustworthy source of information not only to the public, but also the government. It might prove beneficial because in legislation it's necessary to align the real numbers with approximations of renewable energy output.
Some data has already been written to blockchain, including average market prices and marginal costs, electricity-generating capacities, hydrocarbon prices and legal compliance information.