Invented by Lawrence Orsini, LO3 Energy Inc

Blockchain technology has been gaining popularity in recent years, and for good reason. It offers a secure and transparent way of recording transactions, making it ideal for industries that require a high level of trust and accountability. One such industry is compliance, where the use of blockchain-based distributed consensus control can ensure that all parties involved are following the rules. The compliance market is a complex and ever-changing landscape, with regulations and standards constantly evolving. This can make it difficult for organizations to keep up and ensure that they are meeting all the necessary requirements. However, with the use of blockchain technology, compliance can become much more streamlined and efficient. Blockchain-based distributed consensus control allows for multiple parties to verify and validate transactions in a decentralized manner. This means that there is no need for a central authority to oversee the process, as all parties involved can contribute to the consensus. This makes it much more difficult for any one party to manipulate the system, as they would need to convince the majority of the network to agree with them. One area where blockchain-based distributed consensus control can be particularly useful is in supply chain management. With the use of blockchain technology, it is possible to track products from their origin to their final destination, ensuring that they have been produced and transported in compliance with all relevant regulations. This can be especially important in industries such as food and pharmaceuticals, where the safety and quality of products are of utmost importance. Another area where blockchain-based distributed consensus control can be useful is in financial compliance. With the use of blockchain technology, it is possible to create a tamper-proof ledger of all financial transactions, ensuring that they are transparent and auditable. This can be particularly useful in industries such as banking and insurance, where there are strict regulations around financial reporting and transparency. Overall, the market for blockchain-based distributed consensus control in compliance is growing rapidly. As more and more industries realize the benefits of this technology, we can expect to see a greater adoption of blockchain-based solutions for compliance in the coming years. With its ability to provide a secure and transparent way of recording transactions, blockchain technology is poised to revolutionize the way that compliance is managed and enforced.

The LO3 Energy Inc invention works as follows

A system for the cryptographically-secure, autonomous control of devices comprising, connected to or remotely operating devices in an electrically powered network and the transaction of the benefits, costs or value created by or transacted through the devices in this electrically powered network.

Background for Use blockchain-based distributed consensus control to ensure compliance

Secure, automated control of distributed electricity and computation systems is crucial to the growth of the global economy. SCADA, IEEE 1547, IEC 61850 and other IP-based smart grid control system are susceptible to cyber security attacks, physical attacks, or malicious operators within their network. There is a growing market for consumer-owned smart grid technologies, distributed power resources, and powerful computation systems that allow for peer-to-peer, sharing-economy-based control and payments to produce, curtail, use, or benefit from smart grid devices. These and other smart grid assets can be integrated to improve reliability, resiliency and flexibility of our electric delivery system as well as the efficiency of our economy.

Many of the latest advances in smart grid tech are built on the foundations of two-way communication (sensing and metering, etc.). Computer processing. Computing is, however, primarily viewed as a tool to perform and achieve these functions and not a new class or distributed resource.

The TransActive Grid (TAG), is a platform, network and control system for TAG elements (TAGe). It is a market-based, peer to-peer settlement, control and registry system for transactions in a distributed, decentralized electric power grid network. It consists of an integrated set smart grid contracts and at least two TAGe.

In general, the inventive aspect of the subject matter described here can be found in methods that include the act to receive, by a Self-executing Contract, settlement information from at minimum two nodes within a network. The network comprises a plurality nodes, each of which has at least one physical component as well as at least one control element. Each node is designed to transact independently with all other nodes in the plurality. These methods also include validating the current state of a public leadger. These methods also include the act to generate fulfillment information using the settlement information received. This method includes contributing to an updated public ledger by using fulfillment information.

Particular embodiments can be made of the subject matter described here to achieve one or more of these advantages. The advantages of using the same statement to validate data in an interface and to store data in a database is that there are fewer programs to develop and maintain. This reduces the costs of developing, testing and maintaining computer programs or applications.

The above-mentioned embodiments and others can optionally include one or several of the following features. Fulfillment information can identify an exchange of at most one of benefits, goods or services for value. Each node may have at most one token. Each token can be a value and an external node will be excluded from the network based upon the number of tokens that the external node has. The reputation value of each node can be included in settlement information. Fulfillment information could be based at least partially on the physical distance between nodes.

In general, another innovative aspect of the subject matter described in the specification includes a system for the cryptographically-secure, automatic or autonomous control of devices comprising, connected to or remotely operating devices in an electrically powered network and the transaction of the benefits, costs or value created by or transacted through the devices in this electrically powered network.

The system could include one or more the following features. Devices comprising, connected to or remotely operating an electric electrically powered network may operate as a node in the network of devices which functions to cryptographically-secure the operation of the network. A network can be used to host autonomous, self-executing contract. This allows devices to operate on the network and simultaneously transfer the benefits, costs, or value generated by device operation among nodes. An immutable, append only, public ledger may record the results of autonomously executed contracts. This database contains all transactions that took place on the network. This database could be stored on a distributed network of devices. This ledger and database can be independent from any one node in the network. The network can ensure that the public ledger is cryptographically secured, independent, decentralized, autonomous, and independent. Self-executing contracts and other functions are independent of each node in the network. The network allows the creation and execution of self-executing, autonomous contracts that control devices or transactions. A token may be created from the various benefits, costs, or value that the system or network creates. This token represents the potential attributes of benefits, costs, or value, which can be combined with other tokens. This token represents any value that may be assigned to participants in the network, who might wish to transact certain characteristics of the devices.

The accompanying drawings and description below detail one or more embodiments (or both) of the subject matter described here. The claims, drawings, and description will reveal other features, aspects, or advantages to the subject matter.






FIG. “FIG.5” 5 shows a distributed heat recuperation system that includes a controller, which is designed to control the computation and heat recovery processes at multiple heat recovery sites.


FIG. “FIG.7 illustrates an example of both a portable computing device and a computing device that can be used for the implementation of the technique described herein.

A utility grid can use an autonomous, distributed control system. The control system can be used to transact any type or value between peers on a utility grid. It is redundant, scalable and resilient, auditable and secure. The control system is composed of TAG elements, which are nodes that create a network. This network is called a TAG network and can be operated autonomously or in an automated manner. In some implemetantations, the network uses an open-source, cryptographically-secure, decentralized application platform of control that is built on blockchain technology. Blockchain technology can create a secure ledger which records all transactions and events that take place on the network. The network’s memory can store a blockchain ledger. The blockchain ledger is a distributed database that can be used to ensure transactions on the network are not double-counted. It also makes it transparent, auditable and unrepudiable over the life of the network. The blockchain ledger might be permissioned in some cases. Permissioned blockchains can include an access control layer within the block chain nodes. The access control layer requires permissions for an entity to read or write information on the blockchain. This access control layer can also limit who can participate in consensus mechanisms or who can create smart contracts.

The network platform can be turned-complete, allowing the creation and execution distributed applications. Once created, these applications are independent from individual nodes on the network. This allows for security and autonomy. Smart Grid Contracts are one type of distributed application. Smart grid contracts are able to live on the network and execute themselves. They can also be independent from individual nodes. The TAG network has strong cryptographic primitives that ensure the smart grid contracts are protected once they have been created and deployed. This allows for distributed applications to be protected by a network of TAG elements. Only a small number of these TAG elements can take malicious action. One embodiment of security ensures that successful attacks on the network are cost-prohibitive. This is because failure to attack the network could result in exclusion from participation. This allows distributed applications to operate devices securely without being affected by actors or forces outside of the network. As each new node to the network is required to operate within the network’s secure parameters or excluded from the network, the network functions in a self-reliant and selfish manner. An excluded node may be prohibited from processing transactions, committing smart contracts information or adding transaction information to the blockchain.

Distributed apps manage devices that are connected to the network in an encrypted, autonomous and auditable way. The network’s TAG elements are embedded or securely connected to devices that connect to or comprise a utility grid. TAG elements are used to locate, identify, control, monitor and validate any utility grid device’s value.

A TAG token allows any device that is connected to a TAG elements to trade in a peer-2-peer manner. TAG tokens can represent any value that can easily be quantified in order to transact benefit across the network in peer-to-peer mode. Every TAG token can be identified uniquely on the network. The blockchain records the history of each TAG token’s creation and transactions. It is also fractionalized to show the different types and amounts of value that can be traded across the network.

Click here to view the patent on Google Patents.