Intermediary Server Asset Transfer for Blockchain Power Balancing
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Solution Overview
Problem
In the context of renewable energy transactions, electric power companies or retailers often produce or purchase excessive amounts of electric power, leading to increased operational costs and potential waste due to unused power.
Innovation Solution
An intermediary server intermediates the transfer of assets between suppliers and users by requesting changes in asset ownership on a blockchain network. If the server lacks ownership information for a specific asset produced by a particular method, it transmits a change request to another intermediary server capable of managing that asset type.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If an electric power company or retailer produces or purchases excessive amount of electric power to ensure supply, then the reliability of power supply is improved, but the operational cost increases and unused electric power is generated
Solution Approach 1:
The patent introduces a blockchain-based intermediation system that acts as a mediator between electric power suppliers and consumers. The system enables peer-to-peer power trading where excess power can be directly transferred to users who need it, eliminating the need for suppliers to produce excessive power as a buffer. The blockchain ledger records and verifies these transactions, ensuring reliability while optimizing power distribution efficiency.
Solution Approach 2:
The system changes the parameter of power distribution from centralized controlled allocation to decentralized market-based allocation. By implementing a blockchain-based trading platform, the system allows dynamic adjustment of power transfer parameters based on real-time supply and demand conditions, enabling suppliers to sell excess power at variable rates and consumers to purchase power when needed, thus eliminating waste while maintaining supply reliability.
2Reliability
If an electric power company or retailer produces or purchases excessive amount of electric power to ensure supply, then the reliability of power supply is improved, but the asset fees increase due to excessive operation cost
Solution Approach 1:
The blockchain-based intermediation system enables direct power trading between suppliers and consumers, eliminating the need for suppliers to maintain excessive power reserves. The system mediates these transactions by recording them on an immutable ledger, ensuring reliability of transactions while reducing the quantity of power that needs to be produced or purchased in advance, thereby reducing operation costs and asset fees.
Solution Approach 2:
The system empowers consumers to act as their own power distributors by allowing them to purchase excess power directly from suppliers when needed. This self-service approach eliminates the need for centralized power companies to produce excessive power as a buffer stock, reducing operation costs while maintaining supply reliability through market-driven allocation.
3Loss of information
If a blockchain network is used to manage asset transfer between suppliers and users, then the transparency and traceability of transactions is improved, but the system complexity increases
Solution Approach 1:
The patent applies a universal blockchain infrastructure that serves multiple functions: it records power transactions, verifies supplier and consumer identities, tracks power origin and consumption, and enables smart contract execution. This multi-functional approach consolidates what would otherwise require multiple separate systems into a single platform, reducing overall system complexity while maintaining high transaction transparency and traceability.
Solution Approach 2:
The system uses blockchain technology to create immutable digital copies of power transaction records that are distributed across multiple nodes. These digital copies ensure transparency and traceability without requiring complex centralized verification systems, as the distributed ledger itself provides the necessary validation and recording functionality.
Data Source
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AI summary
To make the consumed electricity and the produced electricity be equal, in general, a balance between demand and supply needs to be maintained. Thus, an electric power company or a retailer produced or purchases excessive amount of electric power, which may cause increases in fee of asset such as an electricity bill due to such excessive operation cost, or generation of asset not to be used such as unused electric power. When the intermediary server 5a does not have ownership of the asset produced by a specific type of production method in need (S 122: NO), it is determined that the owner of the asset produced by the specific type of production method requested by the smart meter 3c cannot be changed. In such case, for example, the asset can be transferred from the intermediary server 5b to the intermediary server 5a (S 126: YES). This prevents increase in price of asset, and occurrence of asset not to be used and wasted.