Yesterday, Argentine blockchain firm IOV Labs announced the launch of the Gasnet blockchain network for the country’s natural gas distribution system. Initially developed for the gas distribution giant Gasnor, Argentina’s gas regulator Enargas has approved the nationwide deployment of the blockchain solution.
Gasnet was developed by IOV Labs and blockchain firm Grupo Sabra for Gasnor, which services nearly two million customers in the country. Enargas is aiming to bring all nine gas distribution companies in Argentina onto the blockchain platform. The regulator and Gasnor each operate a node on Gasnet.
Gasnet is built on the permissioned RSK Enterprise blockchain and records all transactions for certification of new gas installations and reconnection of services. It connects customers, gas installers, the big gas distributors and the regulator, Enargas, using a single platform.
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