Application US20190165931

MANAGING ENERGY PURCHASE AGREEMENTS ON A BLOCKCHAIN
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US20190165931

1. A computer-implemented method of managing energy supply agreements comprising: (3) (4)

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.

2. The computer-implemented method of claim 1 wherein transaction data including energy transmission company identification, energy supplier identification and capacity of the energy supplier is available to all of the energy suppliers, energy transmission companies and government agencies who have access to the permissioned blockchain. (1) (0)

4. The computer-implemented method of claim 1 wherein appending the individual energy transaction comprising validating the individual energy transaction by a smart contract within a framework of the blockchain and writing the individual energy transaction as a block to the blockchain. (1) (0)

6. The computer-implemented method of claim 1 further comprising mining the blocks of the blockchain to identify energy suppliers who default on a contractually-agreed commitment to supply a quantity of energy to the energy transmission company. (1) (0)

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: (3) (4)

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

9. The computer program product of claim 8 wherein transaction data including energy transmission company identification, energy supplier identification and capacity of the energy supplier is available to all of the energy suppliers, energy transmission companies and government agencies who have access to the permissioned blockchain. (1) (0)

11. The computer program product of claim 8 wherein appending the individual energy transaction comprising validating the individual energy transaction by a smart contract within a framework of the blockchain and writing the individual energy transaction as a block to the blockchain. (1) (0)

13. The computer program product of claim 8 further comprising mining the blocks of the blockchain to identify energy suppliers who default on a contractually-agreed commitment to supply a quantity of energy to the energy transmission company. (1) (0)

15. A system for managing energy supply agreements comprising: (3) (3)

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.

16. The system of claim 15 wherein transaction data including energy transmission company identification, energy supplier identification and capacity of the energy supplier is available to all of the energy suppliers, energy transmission companies and government agencies who have access to the permissioned blockchain. (0)

17. The system of claim 15 wherein append the individual energy transaction comprises validate the individual energy transaction by a smart contract within a framework of the blockchain and write the individual energy transaction as a block to the blockchain. (1) (0)

19. The system of claim 15 further comprises mine the blocks of the blockchain to identify energy suppliers who default on a contractually-agreed commitment to supply a quantity of energy to the energy transmission company. (1) (0)

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Application US20190165931

MANAGING ENERGY PURCHASE AGREEMENTS ON A BLOCKCHAIN

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