Ant Digital Arm Puts $8 Billion Energy Assets on Its Blockchain

Ant Group's digital arm is working to integrate over $8 billion worth of energy infrastructure and other power assets onto its blockchain platform. According to sources, the unit is quietly making progress in linking more than 60 billion yuan ($8.4 billion) of these real-world assets to the blockchain. This move by Ant Group's digital division highlights the company's ambitions to expand the use of blockchain technology beyond its existing financial services. By connecting these physical assets to the blockchain, Ant aims to improve transparency, traceability, and efficiency in the energy sector. The specific details of the assets and the timeline for the integration process have not been publicly disclosed. However, this initiative underscores Ant Group's continuous efforts to leverage emerging technologies, such as blockchain, to transform various industries and enhance the overall efficiency of the ecosystem.