Blockchain Energy Startup Awarded Patent

Blockchain Energy Startup Awarded Patent

A Brooklyn blockchain startup has been awarded a patent by the US Patent and Trademark Office (USPTO) for its work using the tech to facilitate peer-to-peer energy transfers. LO3 is one of several startups seeking to using a blockchain system to reimagine how energy transfer networks function, looking to distributed networks as a means to cut inefficiencies and costs. Founder Lawrence Orsini and TRC Energy Services project manager Julianna Yun Wei are listed as inventors. The application was originally submitted to the USPTO last November. The patent, published on 25th October, focuses on....


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