Xiamen Easy Living Group Applies for Patent on "Carbon Asset Management Method and System Based on Blockchain"

Xiamen Easy Living Group Applies for Patent on "Carbon Asset Management Method and System Based on Blockchain"Financial World, October 28, 2024 - The National Intellectual Property Administration's information shows that Xiamen Easy Living Group Co., Ltd

Xiamen Easy Living Group Applies for Patent on "Carbon Asset Management Method and System Based on Blockchain"

Financial World, October 28, 2024 - The National Intellectual Property Administration's information shows that Xiamen Easy Living Group Co., Ltd. has applied for a patent named "A Carbon Asset Management Method and System Based on Blockchain," with publication number CN118820805A, filed in September 2024.

This patent aims to address challenges in personal carbon asset management. The patent summary reveals that the invention discloses a carbon asset management method and system based on blockchain. This method includes carbon asset registration, similar carbon footprint analysis, carbon asset search, smart contract execution, and data report generation.

Specifically, this patent possesses several technical features:

1. Similar Carbon Footprint Analysis: The patent method utilizes the computation of similarity metrics between projects with public carbon emissions in the Hamming space, calculating the probability of similar carbon footprint parameters, facilitating communication and cooperation among the public in carbon reduction. This feature helps users find other users with similar carbon emission levels, enabling carbon reduction experience sharing and collaboration, jointly driving the achievement of carbon reduction goals.

2. Carbon Asset Retrieval: The patent method employs the extraction of potential features, compressing real-valued features into intermediate hash codes, executing retrieval verification and testing, representing quantifiable losses, and calculating the final objective function. This allows users to easily and quickly retrieve and manage their carbon asset information, enhancing the efficiency of carbon asset management.

3. Smart Contract Execution: The patent method utilizes the execution of smart contracts, generating transaction proof information, encrypting transaction data, calculating aggregated identity verifiers and random blind values, and performing consistency verification. Upon receiving the proof, the smart contract automatically checks the integrity of the information. This feature ensures the security and transparency of carbon asset transactions and enhances transaction efficiency.

This patent falls under the field of data processing technology. Its core value lies in utilizing blockchain technology to achieve digital management of personal carbon assets, creating a fairer, more transparent, and trustworthy carbon asset trading system. With this system, individual users can more conveniently understand their carbon emission status, participate in carbon reduction activities, and earn corresponding returns through carbon asset trading.

The successful application of this patent signifies a new breakthrough for Xiamen Easy Living Group Co., Ltd. in blockchain technology application. In the future, this technology is expected to provide strong support for the development of personal carbon asset management and carbon reduction initiatives.

Source: Financial World, Author: Intelligence Agent