IP Library Granted Patent US 10,643,288
Granted Patent B2
US 10,643,288 · App. 15/292,783 · Granted May 5, 2020

Use of blockchain based distributed consensus control

Inventors: Lawrence Orsini (Brooklyn, NY); Yun Wei (Brooklyn, NY); Joseph Lubin (Brooklyn, NY)
Assignee: TransActive Grid Inc.
G06Q40/12G05B15/02G06F21/78G06Q30/06G06Q40/04G06Q50/06G07F15/003H04L9/3239H04L63/12G06Q2220/00H04L2209/38H04L2209/56Y02B10/30Y02P90/90
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Quick Facts
Patent No.
US 10,643,288
App. No.
15/292,783
Granted
May 5, 2020
Kind
B2
Abstract

A system for the cryptographically-secure, autonomous control of devices comprising, connected to or remotely operating devices in an electrically powered network and the transaction of the benefits, costs or value created by or transacted through the devices in this electrically powered network.

Claims (26)

1. A system comprising:

a network comprising a plurality of nodes, each node comprising at least one physical component and at least one control component, wherein each node in the plurality of nodes is configured for token value generation, wherein each node in the plurality of nodes is configured to transact tokens autonomously with every other node in the plurality of nodes;

wherein a node of the plurality of nodes generates a smart contract, the smart contract configured to:

receive settlement information from at least two nodes in the network;

validate a current state of a public ledger;

generate fulfillment information based on the received settlement information and at least in part on a physical distance between nodes; and

contribute to an updated state of the public ledger using the fulfillment information.

2. The system of claim 1 , wherein the fulfillment information identifies an exchange of at least one of benefits, goods, and services, for value.

3. The system of claim 1 , wherein each node in the plurality of nodes maintains at least a predetermined number of tokens, each token representing a value, and an external node is excluded from the network based on a number of tokens maintained by the external node.

4. The system of claim 1 , wherein each node is associated with a reputation value, the reputation value being included in the settlement information.

5. A computer-implemented method comprising:

receiving, by a self-executing contract, settlement information from at least two nodes in a network, the network comprising a plurality of nodes, each node comprising at least one physical component and at least one control component, wherein each node in the plurality of nodes is configured for token value generation, wherein each node in the plurality of nodes is configured to transact tokens autonomously with every other node in the plurality of nodes;

validating a current state of a public ledger;

generating fulfillment information based on the received settlement information and at least in part on a physical distance between nodes; and

contributing to an updated state of the public ledger using the fulfillment information.

6. The computer-implemented method of claim 5 , wherein the fulfillment information identifies an exchange of at least one of benefits, goods, and services, for value.

7. The computer-implemented method of claim 5 , wherein each node in the plurality of nodes maintains at least a predetermined number of tokens, each token representing a value, and an external node is excluded from the network based on a number of tokens maintained by the external node.

8. The computer-implemented method of claim 5 , wherein each node is associated with a reputation value, the reputation value being included in the settlement information.

9. A non-transitory computer storage medium encoded with computer program instructions that when executed by one or more computers cause the one or more computers to perform operations comprising:

receiving, by a self-executing contract, settlement information from at least two nodes in a network, the network comprising a plurality of nodes, each node comprising at least one physical component and at least one control component, wherein each node in the plurality of nodes is configured for token value generation, wherein each node in the plurality of nodes is configured to transact tokens autonomously with every other node in the plurality of nodes;

validating a current state of a public ledger;

generating fulfillment information based on the received settlement information and at least in part on a physical distance between nodes; and

contributing to an updated state of the public ledger using the fulfillment information.

10. The non-transitory computer storage medium of claim 9 , wherein the fulfillment information identifies an exchange of at least one of benefits, goods, and services, for value.

11. The non-transitory computer storage medium of claim 9 , wherein each node in the plurality of nodes maintains at least a predetermined number of tokens, each token representing a value, and an external node is excluded from the network based on a number of tokens maintained by the external node.

12. The non-transitory computer storage medium of claim 9 , wherein each node is associated with a reputation value, the reputation value being included in the settlement information.

Assignments (1)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Mar 1, 2017
From: ORSINI, LAWRENCE; WEI, YUN; LUBIN, JOSEPH
To: TRANSACTIVE GRID INC.
Reel/Frame 041422/0181 →
Continuity (2)
Provisional Application 62240997 · Oct 13, 2015
Related Publication 20170103468A1 · Apr 13, 2017
Cited By (3)
US 12,254,435 US 12,437,352 US 12,639,747