Hebei Electric Engineering Supervision Company Applies for Patent for "Blockchain-Based Underground Substation Project Settlement Monitoring Data Management Method"

Hebei Electric Engineering Supervision Company Applies for Patent for "Blockchain-Based Underground Substation Project Settlement Monitoring Data Management Method"Financial News, October 17, 2024 - Information from the State Intellectual Property Office reveals that Hebei Electric Engineering Supervision Company has applied for a patent titled "Blockchain-Based Underground Substation Project Settlement Monitoring Data Management Method," with publication number CN118779154A, filed in July 2024.This patent aims to address issues of data security, reliability, consistency, and real-time performance in underground substation project settlement monitoring data management

Hebei Electric Engineering Supervision Company Applies for Patent for "Blockchain-Based Underground Substation Project Settlement Monitoring Data Management Method"

Financial News, October 17, 2024 - Information from the State Intellectual Property Office reveals that Hebei Electric Engineering Supervision Company has applied for a patent titled "Blockchain-Based Underground Substation Project Settlement Monitoring Data Management Method," with publication number CN118779154A, filed in July 2024.

This patent aims to address issues of data security, reliability, consistency, and real-time performance in underground substation project settlement monitoring data management. It proposes a solution based on blockchain technology. The patent divides monitoring data into multiple data blocks, each containing a hash value. By storing data blocks on multiple nodes, decentralized storage is achieved, eliminating single points of failure and ensuring data integrity and reliability.

The patent abstract outlines how the method achieves data management security, reliability, and real-time performance through several key technical steps:

1. Data Integrity Verification: Hash values are used to validate data integrity, ensuring data consistency even in distributed storage environments.

2. Incentive Mechanism: An incentive mechanism is introduced to reward data nodes. Rewards are allocated based on node performance scores and the amount of data stored, improving reward distribution fairness and effectiveness.

3. Smart Contract Monitoring: Smart contracts periodically check the quality of monitoring data, recording the assessment results on the blockchain to ensure data accuracy and consistency. For issues identified during inspections, alerts are automatically triggered, allowing personnel to respond quickly and take action, providing real-time feedback on underground substation settlement conditions.

The application of this patented technology significantly enhances the security, reliability, consistency, and real-time performance of underground substation project settlement monitoring data. This provides more reliable technical support for the operational safety and maintenance of underground substations.