Korea Electric Power had 15 patents in cybersecurity during Q1 2024. The Korea Electric Power Corp has filed a patent for an RE100 energy transaction system using blockchain technology, involving nodes for power production, sales, and purchase information sharing, as well as a certification authority for authentication. Another patent involves a communication isolator for network communication between control systems, utilizing communication devices to decode, encode, and transmit signals effectively. GlobalData’s report on Korea Electric Power gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Korea Electric Power grant share with cybersecurity as a theme is 66% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Re100 energy transaction system and method using blockchain (Patent ID: US20240070791A1)
The patent filed by the Korea Electric Power Corp. describes an RE100 energy transaction system that utilizes blockchain technology. The system involves multiple blockchain nodes that generate and share power production, sales, and purchase information related to renewable energy transactions. A certification authority is responsible for authenticating the blockchain nodes, which store separate blockchains for production and sales information and purchase information. These blockchains are updated when renewable energy transactions occur, ensuring transparency and efficiency in energy trading.
Furthermore, the system includes detailed information such as the owner of the power generator, industry type, location, production energy details, capacity, pricing, and more for both production and purchase aspects. The certification authority issues credentials to certified nodes, and a management server oversees the network, verifying transaction reliability using stored node information. Transaction information generated by the blockchain nodes includes details like the type of renewable energy purchased, amount, meter readings, GPS location, production, and purchase times. Overall, the system aims to streamline renewable energy transactions, enhance trust through blockchain technology, and provide a comprehensive platform for managing and monitoring energy trading activities.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
