Sensor-Verified Crypto Credits for Pollution Reduction Tracking

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Solution Overview

Problem

Current blockchain-based cryptocurrency systems face inefficiencies due to energy-intensive 'proof of work' methodologies and lack of digital, quick certification processes for pollution reduction activities, hindering the verification and trading of carbon and plastic credits.

Innovation Solution

A system integrating sensors, computing devices, and cryptocurrency systems to detect and calculate pollution reductions or recycling amounts, awarding corresponding cryptocurrencies through a digital, real-time process, utilizing calculation methodologies like 'Proof of Work' for GHG or plastic emissions, facilitating the generation and trading of carbon and plastic credits.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If proof of work methodology is used to validate cryptocurrency transactions, then transaction security and decentralization are improved, but energy consumption increases significantly

Engineering Contradiction:

Improvetransaction validation securityVSAvoidenergy consumption

Core Design Contradiction:

ReliabilityVSUse of energy by moving object

Solution Approach 1:

The patent converts the harmful energy consumption of proof of work mining into a beneficial environmental verification mechanism. Mining operations must demonstrate pollution reduction activities (carbon sequestration, recycling) to validate transactions, transforming energy waste into measurable environmental benefits that generate cryptocurrency rewards.

Inventive Principle:

Principle #22Blessing in disguise (Convert harm into benefit)

2Reliability

If analog certification processes are used for pollution reduction credits, then compliance verification is achieved, but time consumption and operational complexity increase

Engineering Contradiction:

Improvecredit certification accuracyVSAvoidcertification time

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The patent replaces manual analog certification processes with automated digital verification using sensors, satellite imagery, and blockchain technology. Environmental data is automatically captured and verified on-chain, eliminating time-consuming manual review while maintaining certification integrity through cryptographic proof.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The patent introduces cryptocurrency as an intermediary that bridges pollution reduction activities and market incentives. Smart contracts automatically verify and reward environmental benefits, serving as an impartial mediator that eliminates the need for lengthy manual certification while ensuring compliance through transparent, immutable recording.

Inventive Principle:

Principle #24Intermediary (Mediator)

3Adaptability or versatility

If proof of work mining is used for cryptocurrency validation, then decentralization and security are improved, but environmental harm increases due to high energy consumption

Engineering Contradiction:

ImprovedecentralizationVSAvoidgreenhouse gas emissions

Core Design Contradiction:

Adaptability or versatilityVSObject-generated harmful factors

Solution Approach 1:

The patent transforms the environmentally harmful proof of work mechanism into a beneficial system by requiring miners to demonstrate pollution reduction. The energy consumption is offset by verified environmental benefits, converting cryptocurrency mining from a source of harm into a driver of environmental restoration and carbon sequestration.

Inventive Principle:

Principle #22Blessing in disguise (Convert harm into benefit)

Data Source

PatentUS20230385821A1System and method for a crypto currency system using pollution reduction activities

Publication Date: 2023.11.30 REALIZSE INC

AI summary

The disclosed technology includes methods of acquiring and trading a cryptocurrency using a pollution reduction system. The system includes a pollution reduction system, a sensor, a computing device, a communications network, and a cryptocurrency system. The method includes detecting a reduction of greenhouse gases (GHGs) produced by the pollution reduction system or an amount of plastics recycled by the plastics emissions system using the sensor responsive to operating the system. The method further includes determining carbon credits earned for the reduction of GHGs produced by the pollution reduction system. or determining plastic credits for the amount of plastics recovered or recycled using a plastics emissions calculation methodology. The method also includes awarding an amount of cryptocurrency corresponding to the reduction of GHGs produced by the pollution reduction system or the amount of plastics recycled by the plastics emissions pollution reduction system.