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Application US20190165931
Published 2019-05-30
Managing Energy Purchase Agreements On A Blockchain
A computer-implemented method of managing energy supply agreements that includes: connecting to a permissioned blockchain, the blockchain being accessible only by energy suppliers, energy transmission companies and government agencies that regulate a market for the supply of energy by energy suppliers to energy transmission companies; creating a new block for an energy purchase agreement that provides for the purchase of energy by an energy transmission company from an energy supplier; appending the new block having the energy purchase agreement to the blockchain; and responsive to the energy supplier supplying a quantity of energy to the energy transmission company in an individual energy transaction, appending the individual energy transaction as a block to the blockchain.
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- 1. A computer-implemented method of managing energy supply agreements comprising:
connecting to a permissioned blockchain, the blockchain being accessible only by energy suppliers, energy transmission companies and government agencies that regulate a market for the supply of energy by energy suppliers to energy transmission companies; creating a new block for an energy purchase agreement that provides for the purchase of energy by an energy transmission company from an energy supplier; appending the new block having the energy purchase agreement to the blockchain; and responsive to the energy supplier supplying a quantity of energy to the energy transmission company in an individual energy transaction, appending the individual energy transaction as a block to the blockchain.
- 8. A computer program product for managing energy supply agreements comprising a non-transitory computer readable storage medium having program instructions embodied therewith, the program instructions executable by a computer to cause the computer to perform a method comprising:
connecting to a permissioned blockchain, the blockchain being accessible only by energy suppliers, energy transmission companies and government agencies that regulate a market for the supply of energy by energy suppliers to energy transmission companies; creating a new block for an energy purchase agreement that provides for the purchase of energy by an energy transmission company from an energy supplier; appending the new block having the energy purchase agreement to the blockchain; and responsive to the energy supplier supplying a quantity of energy to the energy transmission company in an individual energy transaction, appending the individual energy transaction as a block to the blockchain.
- 15. A system for managing energy supply agreements comprising:
a permissioned blockchain, the blockchain being accessible only by energy suppliers, energy transmission companies and government agencies that regulate a market for the supply of energy by energy suppliers to energy transmission companies; a non-transitory storage medium that stores instructions; a computer that executes the instructions to perform the following functions:
create a new block for an energy purchase agreement that provides for the purchase of energy by an energy transmission company from an energy supplier;
append the new block having the energy purchase agreement to the blockchain; and
responsive to the energy suppliers supply of a quantity of energy to the energy transmission company in an individual energy transaction, append the individual energy transaction as a block to the blockchain.
