The blockchain began to use for gas supply

In March, 2020 the IOV Labs company announced a blockchain network of Gasnet intended for the organization of supply of gas in Argentina start. This project is implemented by request of gas giant Gasnor and approved by the Enargas regulator as a national system.

Gasnet is constructed on the RSK Enterprise blockchain platform approved by the Argentina authorities and registers all transactions for certification of new gas installations and repeated connection of services. The solution integrates in one ecosystem of clients, fitters of gas, the large gas-distributing organizations and the Enargas regulator.

The blockchain began to use for gas supply

The platform is started for automation of paper processes and monitoring of quality and security of 10 thousand suppliers of gas services which connect consumers to gas network.

According to the CEO of IOV Labs Diego Gutierrez, Gasnor and Energas will be able to browse all certified documents and details of perfect transactions in network. A transparent system will allow to trace the slightest delays thanks to what technical specialists will be able to accelerate rendering services to clients. Using private keys of the equipment will control each step of this process, and smart contracts will help to avoid possible inaccuracies and to confirm reliability of records.

At the first stage the Gasnet platform is used in a gas certification process, and further — in case of successful project implementation — the functionality of a product will increase. For example, service will allow suppliers of gas to be registered independently without visit of state agencies.

It is expected that the solutions blockchain will help to accelerate gas certification processes on which usually leaves up to three months. According to plans of Enargas, nine gas-distributing companies in Argentina, including Gasnor, will switch to a blockchain platform.^[1]

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