Bluenote - The Energy Efficiency Protocol

Hi Guys ! all of you know I always bring you the information about good crypto related projects through my blog. So today I’m going to introduce you a new cryptocurrency based project called Bluenote

What is Bluenote?

Bluenote is launching the world’s first blockchain-based energy efficiency protocol. It creates a decentralized ecosystem which allows building operators around the world to learn from one another how to waste less energy through distributed data intelligence.

Making buildings more energy efficient has a number of key benefits:

It generates an enormous direct and continuous cost saving by reducing their energy costs.
These cost savings make buildings more profitable and therefore substantially more valuable.
The non-financial, but sustainability benefit, is that the increased energy efficiency greatly lowers carbon emissions.

The Problem

Siloed Data: Building data is trapped in different vendors silos or sits unused.
Data privacy: Data owners are concerned about exposing confidential data.
Actionable Intelligence: Building operators don’t have the decision- making tools they need.
Capturing Value: Buildings can’t calculate the financial benefit for their improvements because they can’t track their performance
Lack of financial incentive: Energy efficiency and building operational data is not recognized for the value it provides.

The Solution

The Bluenote protocol is a unique, distributed data intelligence technology and economy that has a real world application.

Decentralized Nodes: Buildings can easily connect data to their own nodes, rather than relying on a vendor’s ‘cloud.’
Secure Access. Data owners can allow for secure access for data analytics through the protocol without exposing the raw data.
Global Market for Analytics: The Bluenote community will enable a marketplace of data analytics and software services that can easily connect to data nodes.
Verified Performance: Creates bright lines between carbon reductions and financial performance of assets.

This is a mission worth undertaking — with a strong chance for success. For several reasons:

Bluenote tackles the largest pollutant first. According to the UN, more than two-thirds of the world’s population will live in cities by 2050. At present, office buildings in cities are the largest singular source of CO2 emissions, with all the consequences. According to the New York Green Bank, for example, commercial real estate accounts for 70% of all CO2 emissions in New York City. Worldwide, commercial property is estimated to be responsible for 25% of all CO2 emissions.
Commercial real estate is the low-hanging fruit of the energy world, this industry can improve much easier than others (like the manufacturing industry). The real estate world is, to say the least, not known for its technological advancement, so the simplest solutions (such as insulation) are often introduced very slowly. The fact that tenants pay for their energy consumption and not the property owners does not help.

Blockchain offers the best method to make this system successful worldwide. Cutting out the intermediary, the Bluenote token as a payment method, the decentralized protocol (without a central database) and the decentralized governance (the public verifies and sets the value of the data) — all this is only possible on the basis of the blockchain.

The BNOW Token

The Bluenote token is an ERC20-compliant cryptocurrency, utilizing smart contracts. which will be tradable under the ticker BNOW. Buildings and devices that integrate the Bluenote Protocol and share data are rewarded in Bluenote tokens. Buildings can then buy and use Bluenote tokens to purchase energy efficiency analytics, from application developers who use the Bluenote Protocol.

Conclusion

For more information, please follow the links below:

Website: https://bluenote.world/?utm_source=bounty
Whitepaper: https://bluenote.world/uploads/content/Bluenote-Whitepaper-04302018.pdf
Facebook: https://facebook.com/bluenote.world
Twitter: https://twitter.com/bluenote_world
Telegram: https://t.me/bluenoteworld

Thank you for watching.

Author: t
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