This article is reprinted with permission from W3C DAO, author: Martin, copyright belongs to the original author.
Ant Group's digital technology department is integrating energy infrastructure worth 60 billion yuan into blockchain technology, initiating a new model for renewable energy management. Blockchain technology is sparking a revolution in the energy sector, transforming traditionally heavy-asset energy facilities into divisible, tradable, and traceable assets!
The enterprise solutions department of the financial technology giant Ant Group—Ant Digital Technologies—is quietly advancing a large-scale blockchain project, connecting over 60 billion yuan (approximately 8.4 billion USD) worth of energy infrastructure and other physical power assets to its blockchain platform—AntChain.
This initiative aims to track renewable energy equipment in China and issue token financing through blockchain technology, marking a significant step towards the deep integration of the real economy and blockchain technology.
- The world's largest renewable energy on-chain network
Ant Digital Technologies has established a comprehensive energy equipment monitoring system that tracks the operational status of approximately 15 million renewable energy devices across China in real-time.
These devices include wind turbines and solar panels, with relevant data being uploaded in real-time to AntChain. Through the "Blockchain + IoT" technology architecture, AntChain achieves real-time on-chain power data and fault information, relying on chip-level anti-counterfeiting and dynamic dual-track verification technology to ensure the credibility of asset rights.
- Tokenized financing practices have shown results
After assets are on-chain, Ant Digital Technologies' next step is to issue tokens linked to these assets. Some work has already begun and has made substantial progress. To date, the company has completed financing for three clean energy projects through this method, raising approximately 300 million yuan for the companies operating these projects.
This innovative financing method demonstrates the immense potential of blockchain technology in enhancing asset liquidity and financing efficiency.
- Technical specifications become industry standards
In March of this year, the "Trusted Blockchain Real-World Asset On-Chain Technology Specification," initiated by the China Academy of Information and Communications Technology and Ant Digital Technologies, was officially established, marking a new phase of standardization for real-world assets (RWA).
This specification systematically proposes a full-process technical framework for data on-chain scenarios related to manufacturing equipment, energy equipment, and other physical assets, building a trusted digital foundation for the trillion-dollar RWA market.
Ant Digital Technologies has already laid out plans for this, recently investing in the Pharos Network Technology public chain project and signing a strategic cooperation agreement with Hong Kong financial services company Yunfeng Financial Group Limited.
- Blockchain empowers the real economy
Ant Digital Technologies is the technology commercialization segment of Ant Group, focusing on cutting-edge technologies such as blockchain, privacy computing, the Internet of Things, security technology, and cloud-native solutions.
Currently, blockchain and asset tokenization businesses account for only a small portion of Ant Digital Technologies' revenue, with the department's main income coming from selling enterprise technology solutions, including privacy and security.
This practice of putting energy assets on-chain demonstrates the significant application potential of blockchain technology in the real economy, providing a replicable path for industry digital transformation.
Blockchain technology is making energy assets more transparent, traceable, and tradable. The innovative practices of AntChain not only provide a new financing channel for the renewable energy industry but also offer a replicable model for the integration of traditional assets and blockchain technology.
Related: Vietnam launches a five-year cryptocurrency market pilot with strict regulations
Original article: “Ant Digital Technologies Tokenizes $8.4 Billion Energy Assets on Blockchain”
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