Energy Company E.ON Files Blockchain Patent for Data Analytics Device

Energy network company E.ON has filed a patent application for a blockchain-based data collector with the European Patent Office.

E.ON announced the patent filing on the company's website on July 19.

As per the announcement, the device in question makes use of sensors to collect user data, which the user can then choose to sell as data analytics.

According to the announcement, users supply data from smart home applications.

E.ON claims that the customer has sole control over who accesses any given portion of their data.

This includes E.ON itself, who cannot access customer data without explicit consent.

Regarding the role of blockchain technology in this new device - which is reportedly shaped like a small box roughly the size of a €5 bill - is to safeguard data privacy, alongside "Highly secure encryption."

"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."

According to the announcement, a prototype of the device has passed international safety tests and receiving certification from German testing laboratory SGS. Additionally, the current roadmap for the product includes customer testing by the year's end, and an official launch as early as next year.

As previously reported by Cointelegraph, Napster creator Shawn Fanning's new company Helium has begun testing a blockchain-based wireless hotspot initiative.