Johnson Controls Tyco IP Holdings LLP (20240235191). BUILDING ENERGY SYSTEM WITH BLOCKCHAIN CARBON CREDIT VERIFICATION simplified abstract

BUILDING ENERGY SYSTEM WITH BLOCKCHAIN CARBON CREDIT VERIFICATION

Organization Name

Johnson Controls Tyco IP Holdings LLP

Inventor(s)

Dimitrios S. Papadopoulos of Westwood NJ (US)

Sydney Thomas of Larsen WI (US)

Emily Yourich of Caledonia WI (US)

Grace Beauchamp of Mequon WI (US)

Peter Nicholls of Sheffield (GB)

Jace White of Wichita KS (US)

Srishti Khurana of New Bremen OH (US)

Jordan Lewandowski of New Berlin WI (US)

BUILDING ENERGY SYSTEM WITH BLOCKCHAIN CARBON CREDIT VERIFICATION - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240235191 titled 'BUILDING ENERGY SYSTEM WITH BLOCKCHAIN CARBON CREDIT VERIFICATION

Simplified Explanation:

The patent application describes a method for incentivizing carbon emissions reduction in a building by generating carbon offset tokens based on equipment data. These tokens represent the amount of emissions reduced through energy conservation or green energy generation. The tokens are validated and stored in a private blockchain before being transferred to a public blockchain for wider accessibility.

• Equipment data is used to generate carbon offset tokens.
• Tokens represent reduced carbon emissions from energy conservation or green energy generation.
• Tokens are stored in a private blockchain before being transferred to a public blockchain.

Key Features and Innovation:

• Use of equipment data to quantify carbon emissions reduction.
• Validation and storage of carbon offset tokens in a private blockchain.
• Transfer of tokens to a public blockchain for wider accessibility.

Potential Applications:

This technology can be applied in various industries and sectors to incentivize carbon emissions reduction efforts, such as in commercial buildings, manufacturing facilities, and renewable energy projects.

Problems Solved:

This technology addresses the challenge of incentivizing and quantifying carbon emissions reduction in buildings and other facilities, providing a transparent and secure method for tracking and rewarding sustainability efforts.

Benefits:

• Encourages energy conservation and green energy generation.
• Provides a transparent and secure system for tracking carbon emissions reduction.
• Incentivizes sustainability efforts in buildings and other facilities.

Commercial Applications:

Title: Carbon Emissions Reduction Incentivization Technology

This technology can be commercially utilized by energy management companies, sustainability consultants, and building owners to track and incentivize carbon emissions reduction efforts, enhance sustainability practices, and meet environmental regulations.

Prior Art:

Readers interested in prior art related to this technology can explore research papers, patents, and industry publications on blockchain-based carbon offset systems, energy management technologies, and sustainability incentives.

Frequently Updated Research:

Researchers and industry experts are continuously exploring advancements in blockchain technology, energy management systems, and sustainability incentives to further enhance carbon emissions reduction efforts in buildings and other facilities.

Questions about Carbon Emissions Reduction Incentivization Technology:

1. How does this technology contribute to overall sustainability efforts in buildings and facilities?

  - This technology incentivizes and quantifies carbon emissions reduction, encouraging energy conservation and green energy generation to enhance sustainability practices.

2. What are the potential challenges in implementing this technology in different industries and sectors?

  - Implementing this technology may require collaboration between stakeholders, data collection from equipment, and integration with existing energy management systems to effectively track and incentivize carbon emissions reduction efforts.

Original Abstract Submitted

a method for incentivizing carbon emissions reduction of a building includes generating a carbon offset token based on equipment data. the carbon offset token represents a quantified amount of carbon emissions reduction resulting from a reduced amount of energy consumption or an amount of green energy generation for the building indicated by the equipment data. the method includes validating a new block of a first blockchain. the carbon offset token is an attribute or data of the new block of the first blockchain. the first blockchain is limited from public access. the method includes providing the first blockchain as an input to a new block or a sidechain of a second blockchain. the second blockchain is publicly accessible and includes the carbon offset token as a result of providing the first blockchain as an input to the new block or sidechain of the second blockchain.