Southern Power Grid Applies for Patent on Blockchain-Based Energy Internet Trading Method and System, Poised to Revolutionize Renewable Energy Trading

Southern Power Grid Applies for Patent on Blockchain-Based Energy Internet Trading Method and System, Poised to Revolutionize Renewable Energy TradingOn January 22, 2025, the State Intellectual Property Office of China (SIPO) revealed that Southern Power Grid Artificial Intelligence Technology Co., Ltd

Southern Power Grid Applies for Patent on Blockchain-Based Energy Internet Trading Method and System, Poised to Revolutionize Renewable Energy Trading

On January 22, 2025, the State Intellectual Property Office of China (SIPO) revealed that Southern Power Grid Artificial Intelligence Technology Co., Ltd. had applied for a patent entitled "Blockchain-Based Energy Internet Trading Method and System," with publication number CN119273471A and an application date of October 2024. The announcement signifies a crucial step by Southern Power Grid in leveraging blockchain technology to revolutionize renewable energy trading, and its potential impact warrants deeper examination.

This patent aims to address inefficiencies, information asymmetry, and high transaction costs inherent in current energy internet trading. The patent abstract shows the method and system optimize energy trading through the following steps: Firstly, smart collection devices gather user electricity data, including consumption, generation, and traded electricity, interacting with the blockchain. Notably, "users" encompass both energy sellers and consumers, demonstrating the system's comprehensive coverage of energy trading participants.

Secondly, the core of the patented technology lies in its "adaptive bidding competition strategy and benefit guarantee strategy." Pre-set smart contracts deployed on the blockchain network automatically adjust energy prices and trading conditions based on market supply and demand, and user preferences. This enhances trading efficiency and provides a more flexible and transparent environment for both buyers and sellers. The integration of smart contracts minimizes manual intervention, reduces disputes, and enhances fairness and trustworthiness.

Thirdly, users register accounts on a dedicated energy trading platform and submit trading requests. The system, based on deployed smart contracts and actual grid conditions, automatically matches and executes energy transactions. This automated process eliminates manual intervention, significantly reducing transaction costs and time.

Finally, each transaction generates a new block, added to the blockchain's end using a consensus mechanism. Blockchain technology ensures data immutability and permanent storage, providing secure and reliable energy trading. This transparent record allows all participants to track transactions, effectively preventing fraud and maintaining fairness.

The patent's core advantage is its ability to improve fairness and achieve balanced gains for both buyers and sellers. Traditional energy trading often suffers from information asymmetry, leading to unequal profit distribution. The blockchain-based method, with its transparent, traceable records and automated smart contract execution, ensures fair and just transactions, allowing both parties to receive reasonable returns and promoting healthy market development.

Southern Power Grid Artificial Intelligence Technology Co., Ltd., established in 2022, has a registered capital of 180 million RMB and is located in Guangzhou. Its focus on research and development, coupled with active patent applications, highlights its commitment to technological innovation and foresight in the future energy market. According to Tianyancha data, the company has participated in 478 bidding projects, holds 6 trademarks, 122 patents, and 5 administrative licenses, demonstrating substantial technical strength and market competitiveness.

This "Blockchain-Based Energy Internet Trading Method and System" patent is not merely a technological breakthrough but represents a paradigm shift in energy trading. It will transform the centralized model, driving decentralization and democratization of the energy market. Automated smart contracts and blockchain immutability effectively reduce costs, improve efficiency, ensure security, and optimize energy resource allocation.

The patent's application prospects are vast. It can be applied to various energy trading scenarios, including electricity, natural gas, and renewable energy, offering efficient, secure, and transparent solutions. Furthermore, it can be integrated with other advanced technologies, such as IoT and AI, to enhance intelligence.

With the rapid development of the energy internet and the maturation of blockchain technology, this patent will have a profound impact on the energy sector. It will improve efficiency and fairness, promote market openness and competition, and drive sustainable development. Wider adoption will allow consumers more convenient access to energy trading, with lower prices and better services.

Southern Power Grid Artificial Intelligence Technology Co., Ltd.'s exploration of blockchain in energy demonstrates its commitment to innovation and industrial upgrading. This patent application showcases its technical prowess and forward-looking approach to energy internet development. With further refinement and promotion, it will play a crucial role in building a more efficient, clean, and sustainable energy system, benefiting society as a whole. The company's continued investment and efforts deserve attention and expectation. Blockchain-based energy internet trading is poised to become a mainstream trend, contributing to a cleaner, more efficient, and sustainable energy future.