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US 10,649,429 B2Granted
Use of blockchain based distributed consensus control
AssigneeLO3 Energy Inc.
InventorLawrence Orsini
Life of this patent
Estimating the term…
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.
Claims18
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 maintaining at least a predetermined number of tokens, each token representing an energy value, wherein the energy values of the tokens of the at least two nodes are represented in the self-executing contract;
- 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 more elements
A system comprising:
- a network comprising a plurality of nodes, each node in the plurality of nodes maintaining at least a predetermined number of tokens, each token representing an energy 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, wherein the energy values of the tokens of the at least two nodes are represented in the smart contract;
- 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.
4 more elements
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 maintaining at least a predetermined number of tokens, each token representing an energy value, wherein the energy values of the tokens of the at least two nodes are represented in the self-executing contract;
- 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 more elements
Dependencies are inferred from the claim text.