Invention Grant
- Patent Title: Managing energy purchase agreements on a blockchain
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Application No.: US15824411Application Date: 2017-11-28
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Publication No.: US10937111B2Publication Date: 2021-03-02
- Inventor: Harish Bharti , Abhay K. Patra , Rajesh K. Saxena , Deependra K. Singh
- Applicant: INTERNATIONAL BUSINESS MACHINES CORPORATION
- Applicant Address: US NY Armonk
- Assignee: INTERNATIONAL BUSINESS MACHINES CORPORATION
- Current Assignee: INTERNATIONAL BUSINESS MACHINES CORPORATION
- Current Assignee Address: US NY Armonk
- Agency: Law Offices of Ira D. Blecker, P.C.
- Main IPC: G06Q50/06
- IPC: G06Q50/06 ; H04L9/06 ; H02J3/00 ; H04L29/08 ; G06Q20/06 ; G06Q50/18 ; H04L9/32

Abstract:
A computer-implemented method of managing energy supply agreements that includes: connecting to a permissioned blockchain, the blockchain being accessible only by energy suppliers, energy transmission companies and government agencies that regulate a market for the supply of energy by energy suppliers to energy transmission companies; creating a new block for an energy purchase agreement that provides for the purchase of energy by an energy transmission company from an energy supplier; appending the new block having the energy purchase agreement to the blockchain; and responsive to the energy supplier supplying a quantity of energy to the energy transmission company in an individual energy transaction, appending the individual energy transaction as a block to the blockchain.
Public/Granted literature
- US20190165931A1 MANAGING ENERGY PURCHASE AGREEMENTS ON A BLOCKCHAIN Public/Granted day:2019-05-30
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