International Business Machines Corporation
Method or system for management of a device for energy consumption by applying blockchain protocol

Abstract:

Devices that consume power may be individually and uniquely associated with a blockchain wallet into which funds may be transferred. The device can be provided with a client application that executes within the device to determine an energy provider and the cost rate of energy supply. The client application calculates a value of energy consumption by the device and creates a blockchain transaction to transfer a funds value for the energy consumption from the device's blockchain wallet to a wallet of the energy provider. By providing devices that can self-manage their electricity supply and the accounting thereof, billing of power can be decentralized from a meter that meters all supply to a premises to individual devices. The requirement for a central billing entity, billing address, etc. can also be removed.