U.S. Patent 11150271 was awarded to INTERNATIONAL BUSINESS MACHINES CORPORATION on October 19, 2021 and is entitled “Method or system for management of a device for energy consumption by applying blockchain protocol.” The first named inventor is Heloisa Caroline De Souza Pereira Candello of Sao Paulo, . The abstract contains an overview of the patent disclosure:

Devices that consume power may be individually and uniquely associated with a blockchain wallet into which funds may be transferred. The device can be provided with a client application that executes within the device to determine an energy provider and the cost rate of energy supply. The client application calculates a value of energy consumption by the device and creates a blockchain transaction to transfer a funds value for the energy consumption from the device’s blockchain wallet to a wallet of the energy provider. By providing devices that can self-manage their electricity supply and the accounting thereof, billing of power can be decentralized from a meter that meters all supply to a premises to individual devices. The requirement for a central billing entity, billing address, etc. can also be removed. Link to Full Patent

This blockchain patent was originally filed on May 15, 2018  as U.S. Patent Application 15/980087 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11150271. The primary examiner was Yuhui R Pan.

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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