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1. (US20190197635) Eleutheria (Freedom), Digital Cryptocurrency for Virtual Electricity Trading Platform

Office : United States of America
Application Number: 16214670 Application Date: 10.12.2018
Publication Number: 20190197635 Publication Date: 27.06.2019
Publication Kind : A1
IPC:
G06Q 50/06
G06Q 20/06
G06Q 40/04
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
50
Systems or methods specially adapted for a specific business sector, e.g. utilities or tourism
06
Electricity, gas or water supply
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
20
Payment architectures, schemes or protocols
04
Payment circuits
06
Private payment circuits, e.g. involving electronic currency used only among participants of a common payment scheme
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
40
Finance; Insurance; Tax strategies; Processing of corporate or income taxes
04
Exchange, e.g. stocks, commodities, derivatives or currency exchange
CPC:
G06Q 2220/00
G06Q 50/06
G06Q 40/04
G06Q 20/065
Applicants: TAESUNG KIM
Inventors: TAESUNG KIM
Priority Data:
Title: (EN) Eleutheria (Freedom), Digital Cryptocurrency for Virtual Electricity Trading Platform
Abstract: front page image
(EN)

This invention describes a new digital cryptocurrency—named Eleutheria throughout this patent—that can be used within a virtual electricity trading platform to virtually transact real and digital currencies, smart contracts, financial derivatives, and electricity based on Distributed Electricity Generation (“DG”) plants using Distributed Energy Resources (“DERs”) and Energy Storage Systems (“ESS”) by utilizing new technologies including Internet of Things (IoT). Information and Communication Technology (ICT), Artificial Intelligence (AI), and Smart Grid. Eleutheria is composed of four basic and two derivative cryptocurrencies: (i) ψ1(k,t)-Cryptocurrency to transact “Currency Exchange” in a designated country and time; (ii) ψ2(k,t)-Cryptocurrency to transact “Smart Contracts” in a designated country and time; (iii) ψ3(k,t)-Cryptocurrency to transact “Financial Derivatives” in a designated country and time ; (iv) ψ4(k,t)-Cryptocurrency to transact “Electricity” in a designated country and time; (v) ψown(k,t)-Cryptocurrency to transact “Ownership of DG plants” in a designated country and time; (vi) ψeleutheria(k,t)-Cryptocurrency, Eleutheria represents a portfolio of cryptocurrencies, ψi and is expressed as ψeleutheria(k,t)=ψ0+Σβi(k,t)×χi(k,t)×ψi(k,t), where i=1, 2, 3, 4, and own (ownership). Then a risk premium fi(R:k,t) based on a risk assessment matrix of Eleutheria is incorporated to express a cryptocurrency as ψ1(k,t)=ψ0[1+fi(R:k,t)].