MUMBAI, India, May 1 -- Intellectual Property India has published a patent application (202621030931 A) filed by Vishwakarma Institute Of Technology, Pune, Maharashtra, on March 14, for 'blockchain-powered energy trading platform for renewable energy producers.'
Inventor(s) include Ashish F Deokar; Anuradha V Yenkikar; Pranjal S Pandit; Grishma Y Bobhate; Nitinsakhare; Amol Vijay Patil; Swapnil K Shinde; Gajanan P Arsalwad; Mandar P Divakar; and Vikas K Kolekar.
The application for the patent was published on May 1, under issue no. 18/2026.
According to the abstract released by the Intellectual Property India: "The present invention discloses a blockchain-powered energy trading platform for decentralized peer-to-peer trading of renewable energy. The platform integrates IoT-enabled smart meters, blockchain technology, and smart contracts to automate energy verification, tokenization, trading, and settlement. Energy units and renewable energy certificates are represented as digital tokens, enabling transparent and tamper-proof trading. The system supports dynamic pricing, regulatory compliance, and real-time settlement, thereby reducing transaction costs and enhancing trust among renewable energy producers and consumers."
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