E.ON Energy Network Company Files For Blockchain Patent For A Data Sensor Collection Device

E.ON Files For Blockchain Patent For A Data Analytics Device

Energy company E.ON has filed for a patent application for a blockchain-based data analytics device with the European Patent Office. The news was announced the company’s official website on July 19. The announcement on the website also gave an insight into how this device for which the company has filed the patent for works. The analytics device makes use of a number of sensors to collect user data which then can be sold to firms in need of those data. The user can supply data from a number of smart devices found in homes.

The user collecting the data would have the sole authority and only they can decide to sell a part of the data or the complete data set. E.ON claims that not even they can access the data from the device without explicit consent.

How Does The Analytic Device Safeguard User Data

As per the website description, the device is shaped in the form of a small box with a size similar to a €5 bill. The device makes use of blockchain technology and high-end encryption to ensure data security and privacy.

Matthew Timms, the chief digital and technology officer believes the device would become a trendsetter for users to save their own data and have the authority to sell it, instead of cooperations simply using it without their consent. He called it a new innovation and explained the reason behind it,

“Our Future Lab team has managed to combine blockchain and big data with a simple hardware solution. We want our customers to have absolute control over the analysis of their data. The ability to sell parts of these analyses within a more secure, traceable framework is completely new.”

The announcement also claims that a prototype of the device has passed the international safety standard test and received a certificate from German testing laboratory SGS. The company plans to start customer testing for the product by the year-end and officially release the product in the open market for sale by the next year.

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