Systems and methods for generation of energy-backed digital units stored in a decentralized ledger
AssigneeFarad Technologies Group, LLC
InventorNicholas VandenBrekel
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AssigneeFarad Technologies Group, LLC
InventorNicholas VandenBrekel
Estimating the term…
Systems and methods are provided for generating a digital medium of exchange blockchain that is based on a metered amount of generated electrical energy. In one example, a meter computing system coupled to a power generation source can include a sensor that monitors an amount of electrical energy generated by the power generation source over time. The meter computing system can determine when the amount of electrical energy generated by the power generation source reaches a predetermined increment of generated power. The meter computing system can generate a digital unit based on a correlation to the predetermined increment of generated power, wherein the digital unit comprises a unique hashed digital signature that includes unit traceability data. The meter computing system can store the digital unit within a decentralized ledger accessible by the meter computing device.
A computer-implemented method comprising:
One or more non-transitory, computer-readable media storing instructions that are executable by one or more processors to cause the one or more processors to perform operations, the operations comprising:
A meter computing system coupled to a power generation source, the meter computing system comprising:
Dependencies are inferred from the claim text.