Chilean Government Using Blockchain

Chile’s Energy Minister, Susana Jimenez, is quoted recently as saying,

“We are interested in taking this technology from a conceptual level to a concrete case, understanding that it’s considered to be the most disruptive technology of the last decade by world-class experts, and that it could be part of day-to-day life in the next few years.”

Coat of Arms of Chile
Chile using blockchain for publicly recording data in the energy sector.

The reason for interest in blockchain tech? Data recorded on the blockchain cannot be altered or blocked by any currently known methods of attack or manipulation. Data recorded on the blockchain is secure and publicly verifiable. The data can be stored in a publicly visible fashion, or in a way that it can be verified but the data kept secure from prying eyes, depending on the needs of the user.

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