U.S. Patent 10937111 was awarded to INTERNATIONAL BUSINESS MACHINES CORPORATION on March 02, 2021 and is entitled “Managing energy purchase agreements on a blockchain.” The first named inventor is Harish Bharti of Pune, . The abstract contains an overview of the patent disclosure:

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. Link to Full Patent

This blockchain patent was originally filed on November 28, 2017  as U.S. Patent Application 15/824411 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10937111. The primary examiner was Kevin H Flynn.

INTERNATIONAL BUSINESS MACHINES CORPORATION, who is the original assignee of this patent, has at least 150818 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 0 times by other U.S. patents according to our law firm research, and can be considered an innovative patent in the field of cryptocurrency and blockchain.

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