Bitlumens

UPIK05

INTRODUCTION

Bitlumens was created to provide electricity through renewable sources to women in rural villages. This can be done by leveraging Internet of Things (IoT) and Blockchain. People (particularly wom-en) will be able to enjoy electricity to use their electronic appliances and water their crops by using a combination of Bitlumens and Solar technology.. Individuals (especially wom-en) will have the capacity to appreciate power to utilize their electronic machines and water their products by utilizing a blend of Bitlumens and Solar innovation.

BitLumens is building a decentralized, blockchain-based micro power-grid for the 1.2 billion people without access to electricity and banking. Thanks to solar energy and our technology, people can move away from candles and kerosene lamps and use clean power electricity. They will also gain access to mobile communication and even water their crops! Women acquire our hardware through a leasing agreement which they amortize in monthly installments denominated in BLS.

This allows them to build a credit score leading to financial inclusion and poverty alleviation. We also quantify carbon mitigation and particle matter reduction allowing each households to become carbon credit issuers. Bitlumens is incorporated in Zug, Switzerland. Most team members are also based in Switzerland. We plan to further expand to other regions proficient in bls.

Mission

Our mission is to offer a peer to peer platform where users adopt off grid Solar systems to reduce carbon emissions and get access to lighting and water in places where there is no power grid. Our platform allows the leasing of Solar Home Systems (SHS) to be done through installments denominated in Bitlumens Tokens (BLS). Our goal is to create a positive measurable social and environmental impact.

We provide solar energy to remote villages and in consequence reduce CO2 and health hazards. We replace the use of kerosene lamps, diesel, plastic, biomass and bio-fuels for lighting and irrigation purposes with solar technologies. This allows farmers to reduce their costs and increase their savings while 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. Bitlumens GmbH is registered and incorporated in Zug, Switzerland.

HOW DOES THIS WORK.

Women will have the chance of renting Bitlumens equipment and pay in portion with BLS tokens. What this mean is that, they can assemble a FICO assessment which will prompt money related incorporation and neediness alle-viation.

Moreover, individuals from the family will have the capacity to buy tokens to send a settlement. This is expected to cover the cost for the machine. As such, the water and power bill will be secured. Likewise, the platform permits ladies progress toward becoming carbon credit backer by evaluating carbon alleviation and standard ticulate carbon decrease.

The platform has effectively secured a great deal of grounds. Be that as it may, despite everything they have other noteworthy developments. Some of them are recorded beneath;

• One hundred off framework sunlight based gadgets are relied upon to be sent before the finish of April 2018.

• The expansion of the product to run the equipment utilizing tokens before the finish of May.

• Carbon and dark carbon moderation should be followed through Iota.

• Addition of sunlight based pumps to the equipment environment.

ISSUES BITLUMENS WILL SOLVE

The engineers of Bitlumens look to tackle the issue of power by offering a distributed platform where clients will have the capacity to access off-lattice Solar Home Systems. What this does is that, it diminishes carbon outflow. Also, it offers power to places that have no power network.

Clients will have the capacity to rent Solar Home Systems through an introduce mental installment of Bitlumens to make a quantifiable social and ecological effect. Using Bitlumens, remote towns will have the capacity to appreciate sunlight based vitality and decrease CO2 outflow into the air. Therefore diminishing the wellbeing and ecological risk related with the gas.

That implies, no more lamp oil lights, plastic, diesel, biomass and bio-fuel. It likewise viably spares cost on lighting and water system. Thusly prompting an expanded funds for ranchers in rustic territories. This digi-tal platform offers low asset households a chance to appreciate off-lattice savvy vitality arrangement which is overseen by accord.

Essentially, Bitlumens adds to the United Nation’s Sustainable Development Goals (SDG) by;

• Creating a reasonable and clean vitality

• Creating supportable urban areas and groups

• Providing great wellbeing and prosperity

• Contributing to sexual orientation uniformity and atmosphere activity

You can read the points of interest of how the Solar Home System (SHS) functions in the Bitlumens Whitepaper. Presently, we should discuss the reason you’re perusing this article.

WHY BITLUMENS

BitLumens distribute solar power devices in an area without electricity network and connect it to blockchain. Using the device, people build a credit score. The Bank can access data using its own token BitLumens BLS and use it to publish their microcredits to need it.

Data

These devices form the microgrid in places without existing infrastructure. Our innovative software tools collect data and send it to blockchain. People may decide to make this data available to banks for micro-credit and other financial services. The Bank will get access to more than one billion people who need a bank account.

The power plant

These devices generate electric zero-emissions clean and have a direct impact on the quality of life of the community. In the future, the devices can be interconnected to form a network of micro-electricity in places without electricity, which allows people to trade energy in their community.

Security

The device can be locked when a user gets in arrears with their monthly repayments. This provides the necessary security to issue micro loans. On the other hand, users have full control over their data. Only those who decide who can access and use it.

BLS TOKEN

To access and use the software token, BitLumens BLS required. The token serves several purposes: the villagers need them to pay installments of their solar power devices, banks require them to access BitLumens SaaS (software as a service), family members use the token to send remittances.

As most of the villagers did not have to pay for internet access in digital Solar Home Systems they employ BitLumens, the agent will collect the payment in cash and bought a number of the corresponding BLS token from the open market . The BLS will then be uniquely associated with a solar powered device.

The token is a token BLS ERC20 based on blockchain Ethereum. It does not represent the equity in the company. Because each participant in ecosystems BitLumens will need to buy a BLS from the open market, the demand for BLS will rise as the scale of the business.

BLS

Token BLS data needed to access the credit score of the 1.2 billion people who have no access to electricity and bank account.
Villagers use token BLS to pay for electricity.
BLS token used to send remittances.
Carbon mitigation is verified using the IoT and it will be passed on to the next stage.
Anyone requiring BLS token to access a service BitLumens have to buy it from the open market.

PROFITS FROM THE BLS:

Affordable access to electricity that is safe, environmentally friendly and reliable.
Access to microloans and other financial services to the billions of people who don’t have a bank account.
Avoid expensive delivery costs money which normally subject to micro-loans.
Each token represents a portfolio of microloans that is guaranteed by the hardware.
Contribute to Sustainable development goals of the United Nations.

PLATFORM BITLUMENS

We have developed a software as a service (SaaS) platform can be accessed via BitLumens. Banks, Government, utilities and other entities can use it to gain access to a variety of data points collected by a solar powered device BitLumens and by our agents: KYC information, digital ID, entry credit score, carbon mitigation, energy produced and consumed as well as the location of the device. All personal data is owned by the user and is kept secure and private until they decided to make it available.

Through the collected data, investors are able to visualize the location of the hardware, the amount of power generated and the borrower’s credit score, giving them full transparency on their investment and their impact in remote places.