IBM is partnering with Energy - Blockchain Labs to develop a blockchain - based , green asset management platform which will reduce the cost of carbon asset development by 20 % to 30 % . The aim is to help turkey '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 hoped 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 technologies .
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.