Distributed Ledger Power Trading With Consensus-Based Fraud Checks
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Solution Overview
Problem
Power transactions between individuals, mediated by agents with power accumulation equipment, are prone to fraudulent intermediation, where agents buy power at unreasonably cheap prices and sell it at unreasonably high prices, lacking transparency and accountability.
Innovation Solution
A control method and system utilizing blockchain technology, where power transaction data is recorded in a distributed ledger, verifying transaction data through electronic signatures and consensus algorithms to ensure validity and transparency, preventing fraudulent activities by making transaction data public and detectable.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If power transactions are mediated by an agent with power accumulation equipment, then power can be stored and traded between individuals, but the agent may engage in fraudulent intermediation by buying at unreasonably cheap prices and selling at unreasonably high prices
Solution Approach 1:
The patent introduces a blockchain-based intermediary system that mediates power transactions between individuals. Instead of a single trusted agent, the system uses a distributed ledger with consensus algorithms to verify and record transactions transparently. This intermediary mechanism enables power trading while preventing fraudulent price manipulation through cryptographic verification and decentralized validation.
Solution Approach 2:
The system implements feedback mechanisms where transaction data is recorded on the blockchain and can be verified by all participants. The transparent ledger provides continuous feedback on transaction prices and volumes, allowing the system to detect and prevent unreasonable pricing. The consensus algorithm provides feedback validation that ensures transaction fairness before recording.
2Loss of information
If power transactions are conducted directly between individuals without accumulation equipment, then transaction transparency is improved, but participants must have their own accumulation equipment to store and trade power
Solution Approach 1:
The blockchain system serves multiple functions: it acts as a distributed ledger for transparent recording, a verification mechanism through consensus algorithms, and a transaction mediation platform. This universal system enables individuals without accumulation equipment to participate in transparent power transactions by relying on the shared infrastructure provided by the blockchain network.
3Reliability
If blockchain technology is implemented for power transactions, then fraudulent intermediation is prevented through transparency, but system complexity and implementation difficulty increase
Solution Approach 1:
The blockchain system is self-verifying through its inherent cryptographic mechanisms and consensus algorithms. Transaction validity is automatically verified by the network nodes without requiring external validation. This self-service capability provides strong anti-fraud protection while the modular architecture allows for phased implementation, reducing the perceived complexity burden on individual participants.
Data Source
AI summary
Provided is a control method including: receiving, from first power equipment, first transaction data including, for example, transmitted power amount information indicating the amount of power transmitted to power accumulation equipment; obtaining, from the power accumulation equipment, received power information including, for example, received power amount information indicating the amount of power received from the first power equipment; verifying the first transaction data by referring to the received power information; executing a first consensus algorithm with second servers when the first transaction data is verified successfully; and recording a block including the first transaction data in a distributed ledger of a first server when the validity of the first transaction data is verified through the first consensus algorithm.