Patents Assigned to FARAD TECHNOLOGIES GROUP, LLC
  • Patent number: 11962710
    Abstract: Systems and methods are provided for generating a digital medium of exchange blockchain that is based on a metered amount of generated electrical energy. In one example, a meter computing system coupled to a power generation source can include a sensor that monitors an amount of electrical energy generated by the power generation source over time. The meter computing system can determine when the amount of electrical energy generated by the power generation source reaches a predetermined increment of generated power. The meter computing system can generate a digital unit based on a correlation to the predetermined increment of generated power, wherein the digital unit comprises a unique hashed digital signature that includes unit traceability data. The meter computing system can store the digital unit within a decentralized ledger accessible by the meter computing device.
    Type: Grant
    Filed: July 22, 2022
    Date of Patent: April 16, 2024
    Assignee: FARAD TECHNOLOGIES GROUP, LLC
    Inventor: Nicholas VandenBrekel