Korea Electric Power had four patents in blockchain during Q1 2024. The patent filed by Korea Electric Power Corp in Q1 2024 describes an RE100 energy transaction system using blockchain technology. This system involves multiple blockchain nodes for generating and sharing power production, sales, and purchase information related to renewable energy transactions. A certification authority is responsible for authenticating the blockchain nodes participating in the network. The nodes store and update separate blockchains for production/sales information and purchase information when a transaction occurs. 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 blockchain as a theme is 25% 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 utilizing blockchain technology. The system involves multiple blockchain nodes that generate and share power production, sales, and purchase information within a blockchain network. A certification authority authenticates these nodes, ensuring the security and reliability of transactions. The system stores separate blockchains for production and sales information, as well as purchase information, updating them when renewable energy transactions occur. Additionally, the system includes detailed information such as owner details, industry type, location, energy production specifics, and transaction data.
Furthermore, the patent outlines a method for RE100 energy transactions using blockchain, involving authentication procedures by a certification authority, generation and sharing of production and purchase information by blockchain nodes, and updating of blockchains during transactions. The method includes verifying transaction reliability, managing node information, and generating detailed transaction information such as energy type, amount, meter data, and location. The patent also covers the use of a computer-readable storage medium to execute the described method, emphasizing the technological implementation of the system.
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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.
