MUMBAI, India, May 1 -- Intellectual Property India has published a patent application (202611027453 A) filed by Manipal University, Jaipur, Rajasthan, on March 9, for 'system and method for adaptive decentralized peer-to-peer energy trading with incentive-based grid management in smart cities.'
Inventor(s) include Dr Saikat Samanta; Bhaskar Lal Das; and Dr Achyuth Sarkar.
The application for the patent was published on May 1, under issue no. 18/2026.
According to the abstract released by the Intellectual Property India: "The present invention relates to a system and method for adaptive decentralized peer-to-peer energy trading with incentive-based grid management in smart cities. The system combines distributed energy resources, blockchain technology, smart contracts, Internet of Things (IoT) devices, and dynamic pricing algorithms to facilitate safe and effective peer-to-peer (P2P) energy trading. The framework integrates continuous monitoring of grid parameters to facilitate automated load balancing during peak demand. An incentive mechanism promotes renewable energy adoption by awarding credits to producers based on their contribution of clean energy. The solution eliminates the need for a centralised middleman by automating transaction settlement and operational control using a blockchain infrastructure that executes smart contracts. An adaptive pricing algorithm dynamically adjusts energy tariffs based on real-time supply and demand data, enhancing grid balancing and resource allocation. The decentralised architecture is scalable for implementation across various urban infrastructures and offers verifiable transparency, data immutability, and improved security. This system offers a robust solution for autonomous energy management, supporting the development of resilient and sustainable energy networks."
Disclaimer: Curated by HT Syndication.
