Guangzhou Southern Investment Group's Digital Transformation: Blockchain Carbon Accounting Smart Terminal Leads Green and Low-Carbon Development

Guangzhou Southern Investment Group's Digital Transformation: Blockchain Carbon Accounting Smart Terminal Leads Green and Low-Carbon DevelopmentGuangzhou Southern Investment Group Co., Ltd

Guangzhou Southern Investment Group's Digital Transformation: Blockchain Carbon Accounting Smart Terminal Leads Green and Low-Carbon Development

Guangzhou Southern Investment Group Co., Ltd. (hereinafter referred to as "Southern Investment Group") launched the nation's first blockchain carbon accounting smart terminal on November 27, 2023, marking a significant step in its digital transformation journey. The successful development of this terminal addresses the challenges of low data collection efficiency and insufficient credibility in traditional carbon emission monitoring, providing reliable data support for enterprises to achieve their carbon neutrality and peak carbon emission reduction goals. Dr. Lao Weilun, General Manager of the Digitalization Department at Southern Investment Group, and the project leader, possesses extensive expertise and practical experience in blockchain and artificial intelligence. He led his team to achieve this landmark achievement.

Dr. Lao Weilun has eight years of overseas study experience in Singapore and the Netherlands. After returning to China in 2010, he dedicated himself to scientific research and information technology construction for domestic enterprises. His outstanding contributions in blockchain and artificial intelligence earned him the title of "Pazhou Leading Algorithmist" at the third Pazhou Algorithm Competition. Beyond leading the R&D team within Southern Investment Group, he actively participates in international standard setting, serving as convener of professional committees in blockchain, power systems, communication and network security technologies for the Institute of Electrical and Electronics Engineers (IEEE) and the International Organization for Standardization (ISO). He is committed to promoting China's successful blockchain experiences globally. In December 2023, he also took on the role of President of the Guangzhou Blockchain Industry Association, actively promoting synergistic development among industry, academia, research, and application.

Southern Investment Group's blockchain carbon accounting smart terminal not only accurately calculates carbon emissions in real-time but also uses artificial intelligence algorithms to analyze raw data and automatically generate verification reports. Currently, the terminal covers accounting models for 20 industries, maximizing data security, reliability, and accuracy. This system has received third-party testing and certification and technical appraisal from the China Electricity Council, rated as internationally leading. By the end of October 2024, the system had been deployed in over 30 client companies, including Guangzhou Tower and Nantou Building. Southern Investment Group plans to further expand its deployment to serve more enterprises.

Dr. Lao Weilun believes that the application of blockchain and artificial intelligence technologies in power systems has entered a comprehensive stage and will play a key role in the digital transformation of power systems. He points out that the energy sector is a crucial area for the implementation of these emerging technologies, with broad application prospects in power trading, grid operation, virtual power plants, distributed energy storage, supply chain management, and financial management. For example, blockchain technology can comprehensively record information from various stages of green power generation, trading, and consumption, realizing the full lifecycle tracking of green power. Artificial intelligence technology can improve grid operation and inspection efficiency, optimize power dispatching, and enhance power customer service. The State Grid Corporation of China has applied for a patent for a blockchain-based green certificate trading system, fully demonstrating the national emphasis and support for this technology. In 2021, the National Development and Reform Commission and the National Energy Administration officially replied to the State Grid and Southern Power Grid, encouraging the two major state-owned enterprises to pilot the use of new technologies such as blockchain to promote green power trading pilots.

The Southern Investment Building integrated energy project in Pazhou West Area is a successful case study of Southern Investment Group's application of digital energy management technology to achieve green and low-carbon emissions. The building's photovoltaic power generation system can generate approximately 89.59 megawatt-hours of electricity annually, indirectly reducing carbon emissions by an average of 24.37 tons per year. Its 690-kilowatt AC/DC charging system is equivalent to reducing fuel consumption by 175 tons and carbon dioxide emissions by 543 tons annually. In addition, the building has a mobile energy storage system and a high-efficiency air conditioning system. Through the dispatching of the integrated energy management platform, it achieves multi-energy complementation and synergy, ensuring the stability of electricity use and achieving significant energy saving and emission reduction goals.

However, Dr. Lao Weilun also points out that the current limitations on the further application of blockchain and artificial intelligence technologies mainly lie in insufficient data accumulation. Artificial intelligence technology requires massive amounts of data for training, requiring all industries to further strengthen data sharing. Furthermore, although many large domestic companies have launched general large models, their true effectiveness still requires vertical domain large models, which are directly applicable to various industries and are yet to be further developed.

Regarding the Pazhou Algorithm Competition, Dr. Lao Weilun believes that it is a model of "four-chain integration" the integration of industry chain, innovation chain, capital chain, and talent chain. He believes that the innovation chain can promote the industrialization of basic research on artificial intelligence and algorithms; the industry chain can connect the various links of hardware and software R&D, manufacturing, and application; and the capital chain and talent chain can provide support for the innovation chain and the industry chain. The integration of the "four chains" can break through bottlenecks in various links, improve resource allocation efficiency, and ultimately create a good innovation ecosystem for Haizhu District, maximizing benefits. Dr. Lao Weilun also stated that winning the Pazhou Leading Algorithmist title is an affirmation of his career and that he will continue to dedicate himself to scientific research in the field of blockchain and artificial intelligence, contributing to the high-quality development of Southern Investment Group.

Southern Investment Group, a powerful large-scale comprehensive power service enterprise in South China, is actively expanding into integrated energy, energy services, industrial and financial investment, and electricity-carbon coupling green and low-carbon services, based on its traditional power construction business, rapidly increasing the scale of its emerging businesses. The successful development of the blockchain carbon accounting smart terminal is a significant marker of its transformation to these emerging businesses. Dr. Lao Weilun stated that Southern Investment Group will further strengthen R&D innovation, improve its product line and service system, provide higher-quality services around customer needs, and enhance its brand influence in the field of social green and low-carbon transformation technology services, striving to allow more industrial and commercial enterprises to choose Nantou's technology services in their green transformation. This will further consolidate Southern Investment Group's leading position in the industry and contribute to China's green and low-carbon development. Their future plans include continuing to expand the deployment scope of the blockchain carbon accounting smart terminal, strengthening cooperation with the Haizhu District government, actively expanding market share, and ultimately achieving sustainable development goals. Through continuous innovation and technological upgrades, Southern Investment Group will continue to advance on the path of green and low-carbon development, contributing to the construction of a better future. They will continue to conduct in-depth research on the application of blockchain and artificial intelligence technologies in the energy sector and actively explore new technological solutions to meet the ever-changing market demands and social responsibilities.