Korea Electric Power had 15 patents in digitalization 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, which store and update information on power production, sales, and purchases during renewable energy transactions. 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 digitalization as a theme is 40% 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 within a blockchain network. A certification authority authenticates these nodes, ensuring the security and reliability of the transactions. The system also includes detailed information about the power generation, sales, and purchase processes, as well as mechanisms for updating the blockchain when transactions occur.
Furthermore, the patent outlines a method for implementing the RE100 energy transaction system using blockchain technology. This method involves authentication procedures by a certification authority, generation and sharing of power production and purchase information by blockchain nodes, and updating of the blockchain when renewable energy transactions take place. The method also includes verification of transaction reliability, detailed information about power production and purchase, and the generation of transaction information to update the blockchain. Overall, the patent presents a comprehensive system and method for facilitating renewable energy transactions through blockchain technology, ensuring transparency, security, and efficiency in the process.
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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.
