Carbon Coin Trading System for Small Entity Emission Calculation
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Solution Overview
Problem
Current carbon credit trading systems primarily involve large businesses or states, excluding small entities that generate a majority of carbon emissions, which hinders their participation in carbon reduction and economic benefits.
Innovation Solution
A carbon coin trading system that enables real-time calculation of carbon emissions, allowing small entities to participate in carbon reduction by using a trading platform with authentication devices connected to various equipment, facilitating the generation, calculation, and trading of carbon credits through a network of devices.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Quantity of substance
If carbon credit trading is conducted only between large businesses or states, then trading volume and economic scale are sufficient, but small entities who generate majority of carbon emissions cannot participate and retrieve benefits
Solution Approach 1:
The patent segments the carbon credit trading system into hierarchical levels: national/international trading for large entities and local/community trading for small entities. Authentication devices are deployed at multiple levels (national, regional, local) to enable small entities to participate in carbon trading independently, thus resolving the contradiction between trading scale and participation accessibility.
Solution Approach 2:
The patent introduces a spatial dimension by establishing local trading platforms and community-based authentication points, allowing small entities to trade carbon credits at their local level without needing to access centralized national/international trading systems. This dimensional expansion enables simultaneous participation of both large and small entities.
2Loss of time
If real-time calculation of carbon emission is implemented, then small entities can timely conduct trading and enjoy benefits, but system complexity and computational requirements increase
Solution Approach 1:
The authentication devices pre-calculate and store carbon emission factors for different equipment and activities. When carbon emission needs to be calculated, the system retrieves pre-stored data and performs simple multiplication with actual consumption data, avoiding complex real-time calculations and reducing system complexity while achieving real-time results.
Solution Approach 2:
The authentication devices are deployed locally at various points (companies, communities, equipment) and autonomously calculate carbon emissions using pre-stored algorithms and local sensor data. This distributed self-service approach eliminates the need for a centralized complex calculation system, reducing overall system complexity while enabling real-time local calculations.
3Measurement precision
If authentication devices are deployed to detect energy consumption states, then carbon emission calculation accuracy improves, but device deployment cost and system infrastructure requirements increase
Solution Approach 1:
The authentication devices are designed as multi-functional units that can detect various types of energy consumption (electricity, fuel, gas) and calculate carbon emissions for different equipment and activities. This universal design reduces the need for multiple specialized devices, lowering deployment costs and infrastructure requirements while maintaining measurement accuracy.
Solution Approach 2:
The patent uses a standardized authentication device design that can be replicated and deployed across different locations. The same hardware and software architecture is copied from one deployment site to another, reducing manufacturing complexity and deployment costs while ensuring consistent measurement accuracy across the entire system.
Data Source
AI summary
Disclosed are a carbon coin trading system and a method thereof. The system includes at least one authentication device connected to a piece of equipment, at least one physical carbon coin, and a trading management host device. The authentication device includes a detection module that detects energy consumption data of the equipment, so that a carbon computation module of the physical carbon coin calculates, according to the energy consumption data, a first carbon emission that is uploaded to the trading management host device. The trading management host device acquires, by means of a declaration calculation module, a declaration of alternatives, so that the declaration calculation module calculates, according to the declaration of alternatives, a second carbon emission and further determined, through calculation, a valuable digital token to be granted and also, a carbon coin trading event is generated and recorded.