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 percent. 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.
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.