Chile to record energy data and statistics to blockchain

Chilean Energy Ministry from now on will commit energy usage data to Ethereum blockchain to provide transparent records to the government and public
10 April 2018   1863

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.

Buterin to Propose Way to Speed Up ETH 2.0 Migration

Vitalik Buterin,creator of Ethereum, believes the eth1 system can exist as a zero shard in eth2 
25 December 2019   206

Ethereum founder Vitalik Buterin proposed a solution that allows you to quickly get rid of the Proof-of-Work (PoW) algorithm chain and move everything in Ethereum 2.0 to Proof-of-Stake (PoS).

According to him, the eth1 system can exist as a zero shard in eth2.

Validators who choose to participate in eth1 will be able to register as friendly. They are expected to support the full eth1 node in addition to the eth2 node.

A full eth1 node will load all blocks of the zero shard and maintain the updated state of the old circuit.

Buterin believes that his proposal does not make any changes to the planned procedure for the transition from eth1 to eth2. Only software for stateless clients and witness size changes in the eth1 protocol are required.