Smart Meter Gateway Network for Transparent Yield Distribution

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Solution Overview

Problem

Investors face high costs and lack of transparency when participating in power generation facilities due to indirect and costly intermediaries, which result in significant yield losses.

Innovation Solution

A method and system utilizing a network of smart meter gateways and blockchain technology to directly assign yields to multiple participants, where participation information and smart contracts are stored, and yield tokens are calculated and distributed based on energy production, ensuring secure and transparent billing.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If intermediaries are used for indirect participation in power generation facilities, then investors can participate in facilities with high investment costs, but the intermediaries charge fee-based services which increase costs and reduce transparency

Engineering Contradiction:

Improveparticipation capabilityVSAvoidyield loss

Core Design Contradiction:

Adaptability or versatilityVSLoss of energy

Solution Approach 1:

The patent extracts and eliminates the intermediary layer from the participation model. By using blockchain technology and smart contracts, investors can directly participate in power generation facilities without intermediaries, thereby eliminating intermediary fees and associated yield losses while maintaining participation capability

Inventive Principle:

Principle #2Taking out (Extraction)

Solution Approach 2:

The system enables self-service participation through automated smart contracts that directly manage yield distribution. Investors autonomously manage their participation and receive yields directly without intermediary intervention, reducing costs and improving transparency

Inventive Principle:

Principle #25Self-service

2Adaptability or versatility

If intermediaries are used for indirect participation, then investors can access power generation facilities, but the indirect form of participation is non-transparent for investors

Engineering Contradiction:

Improveparticipation capabilityVSAvoidtransparency

Core Design Contradiction:

Adaptability or versatilityVSLoss of information

Solution Approach 1:

The blockchain system provides real-time feedback to investors about their participation status and yield generation. All transactions and yield distributions are recorded on the immutable blockchain ledger, giving investors transparent, verifiable information about their investments without intermediary intervention

Inventive Principle:

Principle #23Feedback

Solution Approach 2:

The patent replaces traditional human intermediaries with a digital intermediary system based on blockchain and smart contracts. This digital intermediary automatically executes yield distribution according to predetermined rules, eliminating the need for fee-charging human intermediaries while maintaining transparent, programmable participation terms

Inventive Principle:

Principle #24Intermediary (Mediator)

3Reliability

If a chain of data sets cryptographically linked to one another is used to store participation information and energy information, then secure and transparent billing is achieved, but the system complexity increases

Engineering Contradiction:

Improvebilling securityVSAvoidsystem complexity

Core Design Contradiction:

ReliabilityVSDevice complexity

Solution Approach 1:

The blockchain system serves multiple functions simultaneously: it stores participation information, records energy production data, executes smart contracts for yield calculation, and distributes yields automatically. This multi-functionality consolidates what would otherwise require separate systems into a single unified platform

Inventive Principle:

Principle #6Universality (Multi-functionality)

Solution Approach 2:

The patent replaces traditional mechanical billing systems with automated digital smart contracts on the blockchain. The smart contracts automatically execute yield calculations and distributions based on predetermined rules, eliminating manual billing processes and reducing the need for complex administrative infrastructure

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Data Source

PatentUS11876906B2Method and system for distributed assignment of yields of a facility to a plurality of participating persons

Publication Date: 2024.01.16 YOUKI GMBH

AI summary

A method for distributed assignment of yields of a facility to participating persons on the basis of a smart meter gateway network comprising smart meter gateways comprises storing information with regard to participation of a person in the facility, in a chain of data sets cryptographically linked to one another in the smart meter gateway network; storing a smart contract in a chain of data sets, the smart contract being uniquely allocated to the facility and containing facility parameters necessary to calculate yields of the facility; receiving energy information produced by the facility by at least one smart meter gateway; storing the energy information or information derived therefrom in a chain of data sets; calculating yield tokens on the basis of the energy information and the smart contract; and assigning a part of the yield tokens to a participating person on the basis of the participation information.