Changeflow GovPing Banking & Finance Token-Based Carbon Credit Trading System
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Token-Based Carbon Credit Trading System

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Published March 31st, 2026
Detected March 31st, 2026
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Summary

USPTO granted patent US12591896B2 to Sanjeewa Widyaratne, Dominik Widyaratne, and Lorenzo Widyaratne for a token-based carbon credit trading system. The system tracks vehicle distances via communication networks, generates carbon credits based on the distance data, and associates credits with user accounts for trading. The patent (24 claims, Application No. 18291481) was filed July 25, 2022.

What changed

USPTO issued Patent No. US12591896B2 for a token-based carbon credit trading system. The invention comprises a server computing device with hardware processor and memory that communicates with vehicles over a network, receives distance information from each vehicle, generates carbon credits based on the distance traveled, and associates those credits with user accounts. CPC classifications include G06Q 30/018 (commerce), G06Q 50/10 (utilities), and Y02P 90/84 (climate change mitigation). The patent contains 24 claims covering the method and system architecture.

This patent grant does not create regulatory obligations or compliance requirements for third parties. It establishes intellectual property rights that the patent holders may enforce against infringers. Technology companies developing carbon credit trading platforms, financial institutions exploring tokenized environmental markets, and investors in carbon offset technologies should be aware of this patent when designing competing systems to avoid potential infringement. There are no compliance deadlines, filing requirements, or penalties associated with this patent grant.

Source document (simplified)

← USPTO Patent Grants

System and method for token-based trading of carbon credits

Grant US12591896B2 Kind: B2 Mar 31, 2026

Inventors

Sanjeewa Widyaratne, Dominik Widyaratne, Lorenzo Widyaratne

Abstract

A system and method for trading of carbon credits is provided. The system comprises a server computing device comprising at least one hardware processor and memory; program instructions stored in the memory and executable in the server computing device that, when executed, direct the server computing device to: communicate with a plurality of vehicles over a communication network; receive distance information from a respective one of the vehicles detailing distance traveled by the respective one of the vehicles; generate a carbon credit based at least in part on the distance information received from the respective one of the vehicles; and associate the carbon credit with a user account associated with the respective one of the vehicles.

CPC Classifications

G06Q 30/018 G06Q 50/10 Y02P 90/84

Filing Date

2022-07-25

Application No.

18291481

Claims

24

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Classification

Agency
USPTO
Published
March 31st, 2026
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor
Document ID
US12591896B2

Who this affects

Applies to
Investors Technology companies
Industry sector
5112 Software & Technology 5239 Asset Management
Geographic scope
United States US

Taxonomy

Primary area
Environmental Protection
Operational domain
Legal
Topics
Financial Services Technology

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