Argentine Gas Regulator Launches Blockchain Network, Expands to Whole Country
Argentina’s natural gas regulator approved the expansion of a blockchain-based gas distribution tracking platform. The system was already piloted by a local distributor servicing over 2 million residents.
The advantages of blockchain in gas management
Gasnet aims to manage service providers, carry out transactions when new installation or reconnection certificates are registered, and improve regulatory oversight. To achieve that, the network utilized RSK smart contracts and its RIF second-layer solution.
Blockchain use in the fossil fuel industry
Blockchain is becoming increasingly useful within the fossil fuel industry due to the technology’s ability to help manage complex ecosystems and supply chains. oil firms have begun using blockchain to make the industry safer, cleaner, and more efficient.
