The Chilean National Energy Commission (CNE) has announced its plans to tap into the potential of blockchain technology, starting this month.

According to the official release, the CNE will use blockchain technology through the open energy platform “certify the quality and certainty of the Open data of the national energy sector.”

Among the information that the CNE will begin to authenticate include average market prices, the marginal costs, the prices of gasoline, the compliance with the NCRE law, among others.

"The National Energy Commission has wanted 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 leave unalterable record of its existence,” Andrés Romero, executive secretary of the National Energy Commission of Chile, said (loosely translated).

Romero believes that the technology will help the CNE to improve the security of the energy data published on the platform, while ensuring data integrity and enhancing transparency.

"Public information is an important input for the decision making of investments and energy projects and many of our users use this information to decide technical, economic and labor aspects. That is why, through the use of this technology, we will raise the levels of trust of our stakeholders, investors and the general public that consumes the data delivered at www.energiaabieta.cl,” Romero added.