Fuzhou Yunengda Technology Files Patent for "Blockchain-based Electricity Energy Trading Method" to Enhance Efficiency and Trust

Fuzhou Yunengda Technology Files Patent for "Blockchain-based Electricity Energy Trading Method" to Enhance Efficiency and TrustFinancial World, October 29, 2024 - The National Intellectual Property Administration (CNIPA) information reveals that Fuzhou Yunengda Technology Co., Ltd

Fuzhou Yunengda Technology Files Patent for "Blockchain-based Electricity Energy Trading Method" to Enhance Efficiency and Trust

Financial World, October 29, 2024 - The National Intellectual Property Administration (CNIPA) information reveals that Fuzhou Yunengda Technology Co., Ltd. has filed a patent titled "Blockchain-based Electricity Energy Trading Method," with publication number CN118822735A, filed in September 2024.

This patent aims to revolutionize electricity energy trading models by leveraging blockchain technology to improve transaction efficiency and build trust. The patent abstract highlights that this method allows buyers to submit trading requests on the blockchain platform, which automatically searches for multiple sets of qualified sellers and conducts in-depth analysis of each set. This analysis includes critical parameters like price, credibility, and power generation stability, used to calculate the price advantage index, credibility advantage index, and power generation fluctuation coefficient for each seller group.

Based on these indices, the platform conducts a further comprehensive analysis to determine the overall evaluation index of each seller group, enabling a comprehensive assessment of their strengths and assisting buyers in selecting the most suitable seller for transactions. This mechanism effectively enhances buyers' trust and satisfaction with the platform.

Specifically, the key advantages of this patent method are:

• Improved Transaction Efficiency: The automated search and matching mechanism effectively reduces transaction time, boosting efficiency.

• Guaranteed Transaction Transparency: Blockchain technology's tamper-proof and traceable nature ensures transparency and openness in the trading process, effectively preventing fraudulent activities.

• Enhanced Transaction Security: Smart contracts on the blockchain platform automatically execute trading processes and perform security verification, ensuring safe and reliable transactions.

• Increased Efficiency: The comprehensive evaluation mechanism helps buyers quickly find the optimal seller, further enhancing transaction efficiency.

The application of this patent technology will contribute to resolving various issues currently faced in electricity energy trading, such as information asymmetry, low transaction efficiency, and challenging regulation. In the future, with the continuous development and application of blockchain technology, blockchain-based electricity energy trading models are poised to become a significant force driving the advancement of the electricity energy market.

Summary

The "Blockchain-based Electricity Energy Trading Method" patent filed by Fuzhou Yunengda Technology, by introducing blockchain technology, aims to optimize electricity energy trading processes, enhance transaction efficiency, and build trust. The application of this technology will bring new opportunities to the electricity energy market, driving more transparent, secure, and efficient energy transactions.