AsianFin — Ant Group’s enterprise technology arm is moving to bring billions of dollars’ worth of energy assets onto its blockchain platform, according to people familiar with the initiative.

Ant Digital Technologies, a subsidiary of the Jack Ma–backed fintech giant, has begun linking more than 60 billion yuan ($8.4 billion) of energy infrastructure and related real-world assets to AntChain, its proprietary blockchain network.

The system is already tracking the output and potential outages of some 15 million renewable energy devices across China, including wind turbines and solar panels, with performance data uploaded and verified on-chain.

The project marks one of the largest real-world applications of blockchain in the country’s energy sector, as Ant seeks to expand AntChain beyond financial services into industrial and infrastructure use cases.