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Uruguay launches blockchain-powered REC platform

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A renewable energy certification scheme has been established by Uruguay's grid operator UTE and the Ministry of Industry, Energy, and Mining. The application, which is based on Energy Web's decentralized operating system, is designed to allow businesses to obtain certificates that specify the origin and source of renewable energy.

This development is among the first large-scale blockchain apps created in Uruguay, making UTE and the ministry one of the leaders in developing blockchain applications in Latin America’s energy industry.

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