MUMBAI, India, Aug. 1 -- Intellectual Property India has published a patent application (202431005498 A) filed by Rose Cheung, Dubai, U.A.E., on Jan. 27, 2024, for 'method and system for collecting, analysing distance travelled using iot devices installed on vehicles and carbon credit compilation.'
Inventor(s) include Rose Cheung.
The application for the patent was published on Aug. 1, under issue no. 31/2025.
According to the abstract released by the Intellectual Property India: "The present invention relates to a system (100) and method for collecting and analysing data related to distance travelled, power or fluid consumed using Internet of Things (IoT) devices installed on public and private transport vehicles or at home. The system (100) comprises at least one of the modules: a distance verification module (DVM), a power verification module (PVM) and a volume verification module (VVM). a digital certifications dispatcher (CD) for carbon credits shall serve as a centralized system responsible for efficiently managing, validating, and dispatching digital certifications associated with carbon credits. the Certifications Dispatcher (CD) is to facilitate the secure and auditable transfer of distance-travelled (activity 1 from the DVM), or energy generated or saved (activity 2 from the PVM), or volume generated or drained (activity 3 from the VVM) certifications, alone or in combination, certifications to a blockchain-based platform for the issuance of carbon credits. This system (100) shall facilitate the seamless distribution of verified carbon credit certifications to relevant stakeholders, including regulatory bodies, trading platforms, and participating entities, ensuring accurate and timely dispatching of certified carbon credit documentation in compliance with established industry standards and regulations."
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