Bitlumens Brings Electricity From Renewable Sources Using Internet of Things (IoT) and The Blockchain

Image for post
Image for post

According to the World Energy Outlook, 1.2 billion people don’t have access to electricity while 2.7 billion don’t have access to clean cooking. Only a small portion of rural inhabitants have access to electrication. Most of them depend on inecient and hazardous fuels, such as biomass, kerosene, plastic, battery torches and candles. Fuels and its combustion process contribute to the release of greenhouse gases into the atmosphere.

Among those fuels, kerosene is a source of CO2and black carbon. Black carbon or soot, a particulate matter (PM) resides only a few days or weeks until a natural phenomenon called coagulation hap-pens, where cloud droplets and aerosol particles attract each other. This phenomenon helps to clean the atmosphere by ushing out aerosol particles. Hence, replacing all kerosene lamps worldwide with solar lights could serve as short-term action to reduce global warming. A single kerosene lamp emits over 100 kg of CO2 per year when used four hours a day.

Combining clean tech, fintech, the blockchain and cloud computing, Bitlumens offers a software as a service (SaaS) where women living in rural villages and in need of power can get access to Sun Home Systems (SHS). In many developing countries kerosene (paran) is widely used as fuel for light and cooking. The use of kerosene as lighting fuel is an important source of black carbon (BC) and carbon dioxide. Especial-ly in rural areas where most families use dim kerosene lamps to light their homes at night.

What’s the purpose of the project?

Bitlumens is a supplier of solar power devices. It focuses on areas where there are no power-grids and makes sure to connect them to the blockchain. Thanks to using these devices, people are going to be able to build up their very own credit scores.

With this, banks are going to be able to access their information through the BLS token and make it possible to issue microcredits to people who need them urgently.

Image for post
Image for post

“Our mission is to offer a peer to peer platform where users adopt PV systems to reduce carbon emissions and get access to lighting and water in places where there is no power grid or proper access to water. Our platform allows the payment of the hardware in installments and using Bitlumens tokens (BLS). The system also allows microfinance and remittances in digital and fiat currencies while using the blockchain. Our goal is to create both financial return and positive measurable social and environmental impact. We gather Know your Customer (KYC) data for each client while giving access to electricity and water coming from renewable generating sources in Latin America. Providing solar energy to remote villages and in consequence reducing CO2 and health hazards, displacing kerosene lamps, disel generators, plastic, biomass and biofuels as lighting source, increasing customer savings, proliferating financial inclusion and in some cases providing employment. Our digital platform aims at offering distributed, managed by consensus and off grid smart energy solutions in low resource households. Our platform contributes to the UN SDGs, in particular with; Affordable and Clean Energy, Sustainable Cities and Communities, Good Health and Well-being, Gender Equality and Climate Action” they explain.

Bitlumens aims at licensing the platform and operating with cooperative banking services on a global scale to improve the lives of villagers while contributing to carbon mitigation strategies.

Bitlumens registers the load profile of each machine that is in use. Token holders can monitor these profiles on the blockchain.

Each Bitlumens user will be able to have their own ID and credit history. This information can be shared to third parties who offer microlending solutions, governments and development banks. Bitlumens’ users can get access to microcredits by paying a specific interest rate based on personal and behavioral variables.

Bitlumens advantages:

· Access to Microloans and other financial services from the billions of people who do not have bank accounts.

· Each token represents Microloans * guaranteed by our hardware portfolio.

How Does Bitlumens Solar Power And Water IoT Blockchain Work?

The main idea of the company is to bring a user and eco-friendly internet of things device to bring energy and water to places which are unbanked and do not have a power grid. The agents of the company will install the hardware and collect the payments.

The company will use the app to collect information about the consumption of each client and know how much to charge for each one of the team.

The tokens will be used to access the platform. The Bitlumens systems use the Ethereum-based ERC20 tokens and the Ethereum blockchain to work. The tokens will work as a participation rights token which allows investors to support the development of the company and to take decisions but does not represent an equity in the company. The platform will work by consensus.

Also, the tokens will be purchased by farmers and people who live in the affected areas by the company’s program. They will be able to purchase power, electricity and water from the Bitlumens device.

The company plans to use clean technologies to provide to rural communities which need to use kerosene, plastic, battery torches and candles as they do not have access to electric power. By using these devices, these people would have a way to improve their businesses and their quality of life.

The company has already started its first pilot program and its mobile app in beta phase. There is a second pilot test scheduled for the end of the first half of the year. The rest of the improvements made by the company will be mostly made until the end of 2018.

Team

Team is leaded by former Credit Suisse investment consultand, and has advisors with a good background in blockchain/cryptomarket activity.

Token

To access and use BitLumens software, BLS tokens are needed. The tokens serve multiple purposes: villagers need them to pay the installments of their solar power device, banks need them to access the BitLumens SaaS (Software as a Service), and family members use the tokens to send remittances.

Since most villagers do not have internet access to pay digitally their Solar Home Systems, BitLumens employs agents who will collect the payments in cash and buy a corresponding amount of BLS tokens from the open market. The BLS will then be uniquely associated with the solar power device.

The BLS token does not represent equity in the company. Since every participant in BitLumens ecosystem will need to buy BLS from the open market, the demand for BLS will increase as the business scales.

ICO- BLS Token Sale

A total allocation of 25 Million BLS Tokens are available for the ICO Pre-sale and Crowdsale. The BLS utility tokens are initially distributed in a Pre-Sale (Pre ICO) which started on May 29 — June 18. 10 million tokens are offered during the Pre-Sale at a price of 2 BLS /USD. Only payments in ETH and fiat currencies are accepted. Any Tokens not sold in Pre-Sale will be added to the 15million BLS tokens available in the Crowdsale.

Image for post
Image for post
BLS costs in USD based on Sale Date

The ICO Crowdsale starts June 19th — July 17th. Starting at 1.5BLS/USD then gradually reducing to 1.2BLS/USD the last 14 days of the sale.

There is a hard cap of $25 million USD and the total supply of tokens is capped to 50,000,000 BLS. The smallest available denomination being 0.0001. There are Plans to be listed to several exchanges including Binance and Bancor (application in process).

“We will make electricity so cheap that only the rich will burn candles” Thomas Edison

FOR MORE INFORMATION, PLEASE VISIT:

WEBSITE: https://www.bitlumens.com/

WHITEPAPER https://www.bitlumens.com/#whitePaper

TWITTER: https://twitter.com/bitlumens

FACEBOOK: https://www.facebook.com/Bitlumens/

TELEGRAM: https://web.telegram.org/#/im?p=@BitlumensNews

REDDIT: https://www.reddit.com/user/bitlumens/posts/

BLOG: https://medium.com/@bitlumens

Marko Vidrih

@cryptomarks

My Bitcointalk Profil: https://bitcointalk.org/index.php?action=profile

Written by

Most writers waste tremendous words to say nothing. I’m not one of them.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store