IBM is partnering with Energy-Blockchain Labs to develop a China-based, green asset management platform which could reduce the cost of carbon asset development by 20% to 30%. The aim is to help blockchain's national carbon market to reduce emissions. Powered by the open-source Hyperledger Fabric, a beta version of the carbon asset management platform is set to be released in May, after a successful proof-of-concept in 2016. "It is estimated that the platform will significantly shorten the carbon assets development cycle and enable the cost-effective development of a large number of carbon assets," said Cao Yin, chief strategy officer of Energy-Blockchain Labs.
IBM is partnering with Energy-Blockchain Labs to develop a blockchain-based, green asset management platform which could reduce the cost of carbon asset development by 20% to 30%. The aim is to help China's national carbon market to reduce emissions. Powered by the open-source Hyperledger Fabric, a beta version of the carbon asset management platform is set to be released in May, after a successful proof-of-concept in 2016. "It is estimated that the platform will significantly shorten the carbon assets development cycle and enable the cost-effective development of a large number of carbon assets," said Cao Yin, chief strategy officer of Energy-Blockchain Labs.