METHOD OR SYSTEM FOR MANAGEMENT OF A DEVICE FOR ENERGY CONSUMPTION BY APPLYING BLOCKCHAIN PROTOCOL

• Main Authors: Almeida Cavoto, Paulo Henrique, Braz, Alan, Nascimento Caldas, Fabrizio, de Lima, Argemiro Jose, Candello, Heloisa Caroline De Souza Pereira
• Format: Patent
• Language: English
• Published: 21.11.2019
• Subjects: CALCULATING; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; ELECTRIC COMMUNICATION TECHNIQUE; ELECTRICITY; MEASURING; MEASURING ELECTRIC VARIABLES; MEASURING MAGNETIC VARIABLES; PHYSICS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR; TESTING; TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHICCOMMUNICATION

Devices that consume power may be individually and uniquely associated with a blockchain wallet into which funds may be transferred. The device can be provided with a client application that executes within the device to determine an energy provider and the cost rate of energy supply. The client application calculates a value of energy consumption by the device and creates a blockchain transaction to transfer a funds value for the energy consumption from the device's blockchain wallet to a wallet of the energy provider. By providing devices that can self-manage their electricity supply and the accounting thereof, billing of power can be decentralized from a meter that meters all supply to a premises to individual devices. The requirement for a central billing entity, billing address, etc. can also be removed.