VeChain Global Technology has petitioned for a patent with the U.S. federal agency Patent and Trademark Office (USPTO). Filed on April 22nd, 2021, the application seeks to register methods, devices, blockchain nodes, and a system for carbon recording and trading, per the document published by the agency.
The patent has been attributed to Jianliang Gu, Xinli Tian, and Ziheng Zhou, VeChain’s Chief Technical Officer (CTO). The document describes the method to obtain data related to carbon behaviors on different objects and then converting that data into corresponding carbon data. Later, the information will be stored in a blockchain-based platform for subsequent trading as a transaction.
For example, an electric vehicle with a unique ID could provide data on the amount of electrical energy consumed. This data could be compared to that of a combustion engine vehicle to determine a “baseline carbon emission amount” (BE). With a smart contract running on the blockchain platform, the owner of the vehicle can