Battery NFT Record Management for EV Value Tracking
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Solution Overview
Problem
The limitations in battery electric vehicle (BEV) adoption include insufficient energy density, leading to premature battery disposal, environmental pollution, and the need for financial services based on reliable data when providing electric vehicle-based financial services through blockchain-based battery history management.
Innovation Solution
A method of managing a method of extracting the value of the battery record and an apparatus for performing the method of providing electric vehicle-based financial services through blockchain-based battery history management.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If batteries are disposed of when chargeable capacity reaches 80%, then safety and performance requirements are met, but resource waste and environmental pollution occur
Solution Approach 1:
The patent changes the parameter of battery capacity threshold from 80% to 70% for determining battery end-of-life in financial products. This parameter adjustment allows batteries to be reused longer, reducing resource waste while still meeting safety and performance requirements through continued monitoring and management.
Solution Approach 2:
The patent implements dynamic battery value evaluation and management systems that continuously monitor battery performance and adjust financial product terms accordingly. This dynamic approach allows batteries to remain in service longer with appropriate risk management, reducing disposal rates and resource waste.
2Reliability
If blockchain-based battery history management is implemented, then data reliability for financial services is improved, but system complexity increases
Solution Approach 1:
The patent introduces blockchain technology as an intermediary layer between battery diagnostic systems and financial service platforms. This mediator provides tamper-proof record-keeping and automated verification through smart contracts, ensuring data reliability while abstracting the complexity from end-users and simplifying integration.
Solution Approach 2:
The patent replaces traditional manual or centralized data verification mechanisms with automated blockchain-based verification. This substitution eliminates the need for complex manual auditing processes and trusted third-party intermediaries, using cryptographic verification instead to ensure data integrity for financial services.
Data Source
AI summary
A method of managing a battery record and an apparatus for performing the method can include generating, by a battery record management device, a battery non-fungible token (NFT) based on a blockchain. The method can also include generating, by the battery record management device, battery value evaluation data corresponding to the battery NFT and recording the generate battery value evaluation data on the blockchain.