USE OF BLOCKCHAIN BASED DISTRIBUTED CONSENSUS CONTROL

• US 20180299852A1
• Filed: 06/22/2018
• Published: 10/18/2018
• Est. Priority Date: 10/13/2015
• Status: Active Grant

• Current Assignee: LO3 Energy Inc.
• Original Assignee: LO3 Energy Inc.
• Inventors: Orsini, Lawrence
• Granted Patent: US 10,649,429 B2
• Time in Patent Office: Days
• CPC Class Codes: G05B 19/042 using digital processors G05B19/05 takes precedence
• CPC Class Codes: G05B 2219/2639 Energy management, use maximum of cheap power, keep peak load low
• CPC Class Codes: G06Q 50/06 Energy or water supply
• CPC Class Codes: Y02B 10/30 Wind power

Abstract

A system for the cryptographically-secure, autonomous control of devices comprising, connected to or remotely operating devices in an electrically powered network and the transaction of the benefits, costs or value created by or transacted through the devices in this electrically powered network.

Claims

1. A computer-implemented method comprising:

receiving, by a self-executing contract, settlement information from at least two nodes in a network, the network comprising a plurality of nodes, each node in the plurality of nodes maintains at least a predetermined number of tokens, each token representing a value;

validating a current state of a public ledger;

generating fulfillment information based on the received settlement information; and

contributing to an updated state of the public ledger using the fulfillment information.

2. The computer-implemented method of claim 1, wherein the self-executing contracts are for at least one of buying, selling, or bartering based on the tokens.

3. The computer-implemented method of claim 1, wherein the public ledger stores renewable energy certificates.

4. The computer-implemented method of claim 1, further comprising assigning a token value to infrastructure costs.

5. The computer-implemented method of claim 1, wherein at least one token represents at least one of carbon offset/credits or impact, renewable energy certificates, energy efficiency credit or impact, flexibility or demand response credit or impact.

6. The computer-implemented method of claim 1, wherein at least one token represents at least one of energy loss due to transmission, constraint in operation condition, or asset utilization.

7. A system comprising:

a network comprising a plurality of nodes, each node in the plurality of nodes maintains at least a predetermined number of tokens, each token representing a value;

wherein a node of the plurality of nodes generates a smart contract, the smart contract configured to;

receive settlement information from at least two nodes in the network;

validating a current state of a public ledger;

generating fulfillment information based on the received settlement information; and

contributing to an updated state of the public ledger using the fulfillment information.

8. The system of claim 7, wherein the self-executing contracts are for at least one of buying, selling, or bartering based on the tokens.

9. The system of claim 7, wherein the public ledger stores renewable energy certificates.

10. The system of claim 7, which assigns a token value to infrastructure costs.

11. The system of claim 7, wherein at least one token represents at least one of carbon offset/credits or impact, renewable energy certificates, energy efficiency credit or impact, flexibility or demand response credit or impact.

12. The system of claim 7, wherein at least one token represents at least one of energy loss due to transmission, constraint in operation condition, or asset utilization.

13. A non-transitory computer storage medium encoded with computer program instructions that when executed by one or more computers cause the one or more computers to perform operations comprising:

receiving, by a self-executing contract, settlement information from at least two nodes in a network, the network comprising a plurality of nodes, each node in the plurality of nodes maintains at least a predetermined number of tokens, each token representing a value;

validating a current state of a public ledger;

generating fulfillment information based on the received settlement information; and

contributing to an updated state of the public ledger using the fulfillment information.

14. The non-transitory computer storage medium of claim 13, wherein the self-executing contracts are for at least one of buying, selling, or bartering based on the tokens.

15. The non-transitory computer storage medium of claim 13, wherein the public ledger stores renewable energy certificates.

16. The non-transitory computer storage medium of claim 13, wherein the operations further comprise assigning a token value to infrastructure costs.

17. The non-transitory computer storage medium of claim 13, wherein at least one token represents at least one of carbon offset/credits or impact, renewable energy certificates, energy efficiency credit or impact, flexibility or demand response credit or impact.

18. The non-transitory computer storage medium of claim 13, wherein at least one token represents at least one of energy loss due to transmission, constraint in operation condition, or asset utilization.