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A Study on the Development Trends of the Energy System with Blockchain Technology Using Patent Analysis

Author

Listed:
  • Lin-Yun Huang

    (School of Information Engineering, Putian University, Putian 351100, Fujian, China)

  • Jian-Feng Cai

    (Office of Digital Putian Leading Group, Putian 351100, Fujian, China)

  • Tien-Chen Lee

    (Fuzhou University of International Studies and Trade, Changle 350202, Fujian, China)

  • Min-Hang Weng

    (School of Information Engineering, Putian University, Putian 351100, Fujian, China)

Abstract

Recently, the application of blockchain to the setting, management, and trading of the energy system has formed an innovative technology and has attracted a lot of attention from industry, academia, and research. In this study, we use patent analysis technology to explore the development trends of the energy system with blockchain technology. During the patent analysis process, this study makes corresponding analysis charts, such as patent application numbers over time, patent application numbers for main leading countries, applicants, patent citations, international patent classification (IPC), and life cycle. Relative research and design (R&D) capability of the top ten applicants is estimated and the cluster map of the technology is obtained. The technical features of the top five IPC patent applications are related to the cluster map to show the development of energy blockchain technology. Through this paper, first, the basics of the blockchain and patent analysis are illustrated and, moreover, the reason why and how blockchain technology can be combined with the energy system is also briefly described and analyzed. The results of the patent analysis of energy blockchain technology indicate that the United States leads the way, accounting for more than half of the global total. It is also interesting to note that the participants are not from traditional specific fields, but included electric power manufacturers, computer software companies, e-commerce companies, and even many new companies devoted to blockchain technology. Walmart Apollo, LLC and International Business Machines Corporation (IBM) have the highest number of patent applications. However, Walmart Apollo, LLC ranks first with a greater number of inventors of 36, an activity year of 2 years, and a relative R&D capability of 100%. IBM ranks second with an activity year of 3 years and a research and development capability of 91%. Among various applicants, IBM and LO3 energy started earlier in this field, and their patent output is also more prominent. The IPC is mainly concentrated in G06Q 50/06, which belongs to the technical field of the setting and management of the energy system including electricity, gas, or water supply. Currently, most projects are in the early development stages, and research on key areas is still ongoing to improve the required scalability, decentralization, and security. Thus, energy blockchain technology is still in the growth period, and there is still considerable room for development of the patent in the later period. Moreover, it is suggested that the novel communication module such as the combination of the consortium blockchain and the private blockchain cold also provide their own advantages to achieve the purpose of improving system performance and efficiency.

Suggested Citation

  • Lin-Yun Huang & Jian-Feng Cai & Tien-Chen Lee & Min-Hang Weng, 2020. "A Study on the Development Trends of the Energy System with Blockchain Technology Using Patent Analysis," Sustainability, MDPI, vol. 12(5), pages 1-19, March.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:5:p:2005-:d:328910
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    References listed on IDEAS

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    Cited by:

    1. Nan Jiang & Qi Han & Guohua Zhu, 2023. "A Three-Dimensional Analytical Framework: Textual Analysis and Comparison of Chinese and US Energy Blockchain Policies," Sustainability, MDPI, vol. 15(6), pages 1-28, March.
    2. Fei Gao & De-Li Chen & Min-Hang Weng & Ru-Yuan Yang, 2021. "Revealing Development Trends in Blockchain-Based 5G Network Technologies through Patent Analysis," Sustainability, MDPI, vol. 13(5), pages 1-21, February.
    3. He Chang & Huimin Liu & Shuai Jin, 2023. "Design of a river chief incentive mechanism based on blockchain: A principal–agent model," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(3), pages 1534-1546, April.
    4. Marco Schletz & Ana Cardoso & Gabriela Prata Dias & Søren Salomo, 2020. "How Can Blockchain Technology Accelerate Energy Efficiency Interventions? A Use Case Comparison," Energies, MDPI, vol. 13(22), pages 1-23, November.
    5. Kalina, Jacek, 2023. "The quest for game changers - Review of new trends and innovations in the design of large-scale energy systems," Energy, Elsevier, vol. 277(C).

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