Chilean Deputies Present New Blockchain Project to the Parliament to Foster Adoption

Chile continues its expansion in the blockchain world. Two Chilean deputies have presented a new project to the lower house of the country’s parliament. The information has been released by the local media outlet known as Fortin Mapocho on October 4.

The resolution related to blockchain technology was created in August and the intention is to implement blockchain technology in different public areas and offices of the country. The project has been elaborated by Miguel Ángel Calisto and Giorgio Jackson, both members of the parliament. Additionally, other eight MPs supported the proposal.

Jackson said that the maintenance of notaries become too expensive for the government and using blockchain technology could help reduce costs. There are different institutions and companies all over the world that are using distributed ledger technology (DLT) to reduce costs and improve efficiency. Additionally, blockchain systems are much more transparent than normal databases.

Chile has a very active cryptocurrency community and has different companies working in the sector. For example, one of the most important crypto exchanges in the country, Buda, has been created in Chile.

Additionally, at the beginning of the year, Chile launched an Ethereum-based project for collecting energy data. The Chilean National Energy Commission (CNE) has been testing a system based on the Ethereum blockchain to improve procedure’s safety and control over the information handled by the agency.

The energy sector is one of the most areas that could be benefited the most with the adoption of blockchain technology.

Other countries in the region are also working with blockchain technology and cryptocurrencies. Argentina announced in July the creation of a federal blockchain system. At the same time, Brazil has been testing Ethereum’s blockchain for public petitions in the country.

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