Systems and methods for generation of energy-backed digital units stored in a decentralized ledger
Systems and methods are provided for generating a digital medium of exchange blockchain that is based on a metered amount of generated electrical energy. In one example, a meter computing system coupled to a power generation source can include a sensor that monitors an amount of electrical energy generated by the power generation source over time. The meter computing system can determine when the amount of electrical energy generated by the power generation source reaches a predetermined increment of generated power. The meter computing system can generate a digital unit based on a correlation to the predetermined increment of generated power, wherein the digital unit comprises a unique hashed digital signature that includes unit traceability data. The meter computing system can store the digital unit within a decentralized ledger accessible by the meter computing device.
1 . A meter computing system coupled to a power generation source, the meter computing system comprising:
a sensor comprising a current transformer coupled to the power generation source that monitors an amount of electrical energy generated by the power generation source over time;
one or more processors; and
one or more tangible, non-transitory, computer readable media that store instructions that are executable by the one or more processors to cause the meter computing system to perform operations, the operations comprising:
receiving an authentication of the meter computing system as a node within a decentralized ledger accessible by a plurality of networked computing devices;
monitoring, by the sensor coupled to the power generation source, a current flowing through the current transformer, wherein the current is indicative of an amount of electrical energy generated by the power generation source;
generating a digital unit in response to the current flowing through the current transformer reaching a predetermined increment of generated power, wherein the digital unit comprises a unique hashed digital signature that includes unit traceability data for verification of energy production by the power generation source; and
storing the digital unit within a decentralized ledger accessible by the meter computing system, wherein the digital unit is stored as a hashed representation of the digital unit based on the unique hashed digital signature associated with the meter computing system and corresponding power generation source.
2 . The meter computing system of claim 1 , wherein the predetermined increment of generated power is determined based on a type of the power generation source.
3 . The meter computing system of claim 2 , wherein the unit traceability data comprises at least one of a date when the amount of electrical energy was generated by the power generation source, a time when the amount of electrical energy was generated by the power generation source, a geographical location of the power generation source, or a unique identifier associated with the power generation source.
4 . The meter computing system of claim 1 , wherein the digital unit comprises a carbon credit based on a type of the power generation source, the predetermined increment of the generated power, and a carbon offset value indicative of an amount of carbon emissions reduction achieved by the power generation source.
5 . The meter computing system of claim 1 , the operations comprising:
storing at least a defined portion of the predetermined increment of generated power in an energy storage device coupled to the meter computing system; and
periodically monitoring the defined portion of the predetermined increment of generated power in the energy storage device coupled to the meter computing system to determine an actual degradation loss associated with the energy storage device.
6 . The meter computing system of claim 5 , wherein:
a correlation of the digital unit to the predetermined increment of generated power is determined based on a predicted degradation loss associated with the energy storage device; and
the correlation of the digital unit to the predetermined increment of generated power is updated based on a comparison of the predicted degradation loss associated with the energy storage device to the actual degradation loss over time within the energy storage device.
7 . The meter computing system of claim 5 , the operations comprising:
monitoring a consumption of the defined portion of the predetermined increment of the generated power stored in the energy storage device; and
storing data within the decentralized ledger indicative of the consumption of the defined portion of the predetermined increment of the generated power stored in the energy storage device.
8 . The meter computing system of claim 7 , wherein the data within the decentralized ledger indicative of the consumption of the defined portion of the predetermined increment of the generated power stored in the energy storage device comprises a deletion of the digital unit.
9 . The meter computing system of claim 1 , the operations comprising:
resetting the amount of electrical energy monitored by the meter computing system after determining that the predetermined increment of generated power is reached; and
generating another digital unit for storage within the decentralized ledger when the amount of electrical energy generated by the power generation source again reaches the predetermined increment of generated power.
10 . The meter computing system of claim 1 , the operations comprising:
transmitting valuation data associated with the digital unit to an entity associated with the power generation source.
11 . The meter computing system of claim 1 , the operations comprising:
generating instructions to initiate display of an updated amount of digital units attributed to an entity associated with the power generation source upon generation of the digital unit.
12 . The meter computing system of claim 11 , the operations comprising:
providing access for the entity associated with the power generation source to the updated amount of digital units via an online marketplace for exchanging the digital units among entities.
13 . The meter computing system of claim 2 , wherein the type of the power generation source comprises one of a magnetic generator, a solar generator, a wind generator, or a hydroelectric generator.
14 . The meter computing system of claim 1 , the operations comprising:
initializing the decentralized ledger using a plurality of designated computing devices configured to serve as nodes, wherein the plurality of designated computing devices comprises the meter computing system.
15 . One or more non-transitory, computer-readable media storing instructions that are executable by one or more processors to cause the one or more processors to perform operations, the operations comprising:
receiving, by a meter computing system coupled to a power generation source, an authentication of the meter computing system as a node within a decentralized ledger accessible by a plurality of networked computing devices;
monitoring, by a sensor including a current transformer coupled to the power generation source, a current flowing through the current transformer, wherein the current is indicative of an amount of electrical energy generated by the power generation source;
generating a digital unit in response to the current flowing through the current transformer reaching a predetermined increment of generated power, wherein the digital unit comprises a unique hashed digital signature that includes unit traceability data for verification of energy production by the power generation source; and
storing the digital unit within a decentralized ledger accessible by the meter computing system, wherein the digital unit is stored as a hashed representation of the digital unit based on the unique hashed digital signature associated with the meter computing system and corresponding power generation source.
16 . The one or more non-transitory, computer-readable media of claim 15 , the operations comprising:
resetting the amount of electrical energy monitored by the meter computing system after determining that the predetermined increment of generated power is reached; and
generating another digital unit for storage within the decentralized ledger when the amount of electrical energy generated by the power generation source again reaches the predetermined increment of generated power.
17 . The one or more non-transitory, computer-readable media of claim 15 , the operations comprising:
storing at least a defined portion of the predetermined increment of generated power in an energy storage device coupled to the meter computing system; and
periodically monitoring the defined portion of the predetermined increment of generated power in the energy storage device coupled to the meter computing system to determine an actual degradation loss associated with the energy storage device.
18 . The one or more non-transitory, computer-readable media of claim 17 , wherein:
a correlation of the digital unit to the predetermined increment of generated power is determined based on a predicted degradation loss associated with the energy storage device; and
the correlation of the digital unit to the predetermined increment of generated power is updated based on a comparison of the predicted degradation loss associated with the energy storage device to the actual degradation loss over time within the energy storage device.
19 . The one or more non-transitory, computer-readable media of claim 17 , wherein the digital unit comprises a carbon credit based on a type of the power generation source, the predetermined increment of the generated power, and a carbon offset value indicative of an amount of carbon emissions reduction achieved by the power generation source.
20 . A computer-implemented method comprising:
receiving, by a meter computing system coupled to a power generation source, an authentication of the meter computing system as a node within a decentralized ledger accessible by a plurality of networked computing devices;
monitoring, by a sensor including a current transformer coupled to the power generation source, a current flowing through the current transformer, wherein the current is indicative of an amount of electrical energy generated by the power generation source;
generating a digital unit in response to the current flowing through the current transformer reaching a predetermined increment of generated power, wherein the digital unit comprises a unique hashed digital signature that includes unit traceability data for verification of energy production by the power generation source; and
storing the digital unit within the decentralized ledger as a hashed representation of the digital unit based on the unique hashed digital signature associated with the meter computing system and corresponding power generation source.