MUMBAI, India, June 30 -- Intellectual Property India has published a patent application (202641073709 A) filed by Vellore Institute Of Technology on June 13, 2026, for “a Blockchain-Enabled Peer-To-Peer Energy Trading System For An Indian Residential Community Using Smart Meters”.
Inventors include Dr. S M Farooq; Dr. Konatham Sumalatha; Varun Bhalla; and Auryn Leon D Costa.
The application for the patent was published on June 26, 2026, under issue no. 26/2026.
Abstract: The present invention relates to A blockchain-enabled peer-to-peer energy trading system and method for residential communities using smart meters are disclosed. The system comprises participant nodes configured as consumers or prosumers, a smart meter data interface for acquiring energy data, and a decentralized blockchain execution layer with smart contracts for managing transactions. A participant management module registers and verifies users, while a compliance control module enforces regulatory conditions including participant authorization and trade limits. A market clearing engine executes a double-auction mechanism to match bids and asks and determine clearing prices. A regulatory settlement engine computes trade payments and grid-related charges and performs atomic distribution of funds between seller participants and designated regulatory or utility entities. All transactions are recorded on the blockchain to provide an immutable and auditable record, ensuring secure, transparent, and compliant energy trading. Fig 1 to 3
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