A Patent Granted for a Blockchain-Based Autonomous Transaction Method and System for IoT Home Appliances

A Patent Granted for a Blockchain-Based Autonomous Transaction Method and System for IoT Home AppliancesYancheng Weinasen Network Technology Co., Ltd

A Patent Granted for a Blockchain-Based Autonomous Transaction Method and System for IoT Home Appliances

Yancheng Weinasen Network Technology Co., Ltd. has been granted a patent (publication number CN119151675A) for its "Blockchain-Based Autonomous Transaction Method and System for IoT Home Appliances," originally filed in June 2023, according to the China National Intellectual Property Administration. The core of this patented technology is the use of blockchain technology to build a secure and reliable autonomous transaction platform for IoT home appliances, aiming to address issues such as information asymmetry and fraudulent transactions prevalent in existing appliance markets. The platform offers a safer and more transparent trading environment for both buyers and sellers.

The patent application details a blockchain-based method and system for autonomous transactions of IoT home appliances. The system architecture comprises several key modules that collaborate to complete the entire transaction process. Users first register and authenticate their identities to access the system. A user real-time location acquisition module obtains user location information, facilitating accurate matching of buyers and sellers and improving transaction efficiency. A user needs selection module allows users to filter suitable products based on criteria such as appliance type, brand, and price. A user needs reminder module notifies users of matching products to avoid missed opportunities. A user communication window facilitates communication and negotiation between buyers and sellers.

During the transaction phase, the transaction requirement determination module plays a crucial role. This module allows buyers and sellers to negotiate and determine key information such as price, payment method, and delivery time, generating a digital contract recorded on the blockchain. This immutable record ensures the authenticity and integrity of transaction information. To further enhance security, a home appliance quality verification module requires sellers to upload relevant information about the appliance, including usage videos, appearance images, purchase invoices, and potential issues encountered during use. After verification, this information is uploaded to the blockchain for review by both parties. This transparent information disclosure mechanism effectively reduces the likelihood of fraudulent product information, providing buyers with reliable assurance and enhancing transaction security.

After the transaction, a transaction completion evaluation module allows both parties to provide feedback, providing valuable information for future transactions and promoting the platform's healthy development. By strictly controlling each stage of the transaction process, the system effectively reduces transaction risks and improves efficiency, providing users with a more convenient and secure shopping experience.

The patent's innovation lies in its combination of blockchain technology with IoT home appliance transactions. The immutability and transparency of blockchain technology effectively address information asymmetry and high transaction risks in traditional home appliance transactions. By recording appliance information on the blockchain, both parties can access transaction records at any time, ensuring authenticity and traceability, thereby enhancing trust.

Compared to traditional offline home appliance transactions, this system offers significant advantages: increased transaction efficiency (eliminating the need for physical visits to markets), enhanced security (blockchain ensures authenticity and immutability, reducing risks), and improved transparency (both parties can view transaction records, fostering trust).

The patent grant marks a significant breakthrough for Yancheng Weinasen Network Technology Co., Ltd. in the field of autonomous transaction technology for IoT home appliances. As the technology matures, it will offer consumers a more convenient, secure, and transparent home appliance shopping experience, promoting healthy market development. Its application extends beyond second-hand appliances to new appliances and potentially other goods, showcasing broad application prospects.

Future development will focus on enhancing user authentication mechanisms to improve security, optimizing the user interface to improve user experience, and expanding partnerships with more appliance manufacturers and logistics companies to build a more comprehensive ecosystem.

In conclusion, the granted patent for this blockchain-based autonomous transaction method and system for IoT home appliances is a successful example of combining IoT and blockchain technologies, signifying a transformation in home appliance transaction models. It provides consumers with a safer, more transparent, and more convenient trading environment, bringing new opportunities for the home appliance industry. The application of this patented technology will help standardize the home appliance transaction market, promoting healthy industry development and enhancing the consumer shopping experience. With continued technological advancement, this technology will find wider application and generate greater socio-economic benefits.