Ant Group Integrates $8.4 Billion of Clean Energy Assets into Blockchain

Ant Group, the blockchain division of Ant Group, is making significant strides in integrating over $8.4 billion worth of clean energy assets onto its blockchain platform, AntChain. This initiative involves moving operational data from approximately 15 million new energy devices across China, including solar panels and wind turbines, into the blockchain network. The goal is to enhance monitoring and management of renewable energy resources, providing real-time insights on power output and identifying potential outages. The company has already tokenized three clean energy projects, raising $42 million from participating companies through this process. Tokenization, the conversion of real-world assets into digital tokens, aims to increase liquidity in the clean energy sector by facilitating more convenient trading. 36Crypto reports that Ant Group is exploring the potential of unlocking the liquidity of these real-world assets through decentralized exchanges upon regulatory approval. As blockchain technology develops, Ant Group aims to establish a leadership position in this field and bridge the gap between blockchain technology and the renewable energy industry.