The world’s first blockchain-based energy efficiency protocol

The world’s first blockchain-based energy efficiency protocol

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Climate change is a standout amongst the most difficult collective issues the world has faced to date. Whether we will be able to curb our carbon emissions rapidly enough to avoid the disastrous effects of climate change is still very much in question.

In the search for solutions to this global challenge, a significant part of the work to date has concentrated on climate agreements that create marketplaces to put a price on carbon, along these lines creating a compliance carbon market. There are additionally carbon markets that have made some progress, enabling organizations to balance their carbon emissions by financing certified green house gas reduction projects such energy efficiency projects, renewable energy projects or rainforest rehabilitation.

 

The two markets present difficulties with issues around double counting, transparency, trust and scalability. Technologies like the blockchain have the potential to help with enhancing and bringing integrity to these existing markets. Despite the fact that it's exceptionally early days, there is some advancement here.

Improving Existing Markets

Article 6.2 of the Paris Agreement on climate proposes the idea of Internationally Transferred Mitigation Outcomes (ITMOs) as the unit of collaboration and transfer of value of carbon impact. In spite of the fact that the principles of this tool are presently being composed, inevitably the objective will be to create a framework that connects the majority of the carbon records of the majority of the nations around the world.

 

In light of the Paris Agreement, BlueNote is focused on enhancing worldwide carbon markets and are taking a shot at the design of a blockchain tools linking country’s carbon accounts. According to the founder: "We need to help and quicken this objective by building a smart contract protocol that tracks ITMOs leveraging the Ethereum technology stack and scales, to accommodate use by every country in the world. There will be sufficient information implanted in each of the tokens so the provenance and eligibility of every tonne of emission decreases is clear."

 

What is BlueNote?

 

Inspiring the right data to settle on the best decisions about energy efficiency in building is troublesome. A building's energy use, operational and asset regard data is sometimes open. In case it can't avoid being, it is ordinarily siloed in product equipment and programming items, walled off from one another in expensive prohibitive arrangements. Without easy access to data, building owners and financial experts have encountered issues showing how express interests in building technology influence energy use and the essential concern.

 

Bluenote is essentially unveiling the worldwide pioneer energy efficiency protocol utilizing on the blockchain. To accomplish a portion of its set objectives, it create a decentralized ecosystem that gives chances to building operators globally to learn from one another the elements of energy waste decrease through the instrumentality of distributed information intelligence.

 

BlueNote Protocol Review

 

The Bluenote Protocol is a decentralized system of building information, combined with a token-based framework for information processing and decision making software services. The Bluenote Protocol does not go about as an information gatekeeper or central hub, rather as a coordinated effort collaboration enabler. The protocol is developed as a series of Nodes, packaged data services connected via the system and recorded on the regular record. Every nodes enables information to be pulled in standard formats from buildings into independent information streams, every one open with authorization by the more extensive system without endangering secrecy of the building.

 

The Bluenote Protocol gives an option in contrast to keeping information secured seller storehouses, and takes into account the simple sharing of the intelligence exposed by data across a decentralized system, opening up new open doors for energy efficiency that are not otherwise conceivable.

Bluenote will pulll these information streams out of buildings and standardize it through a distributed blockchain solution called the Bluenote Protocol. The Bluenote Protocol is an open-access, private system that enables basic information sharing, information administrations, and building analysis in order to unlock new energy efficiency strategies in buildings. The software based Bluenote Protocol can be utilized both with new applications and with energy technologies already installed in buildings throughout the world.

The Bluenote Protocol will use this blockchain technology to not just give energy information that is progressively dependable and safe for its users, it will likewise help everybody to utilize this information to develop better energy solutions. The Bluenote protocol has the potential to unlock more than $650 billion in value globally.

 

Main features of the platform

 

Open Access

Any project can access the Bluenote Protocol and its ecosystem.

Decentralized

The Bluenote Protocol is definitely not a solely relational database or unified server.

Transparent

Every single shared data streams connected to the protocol are accessible to all apps to be utilise, alongside any transactions or uses of that data.

Confidential

To maintain confidentiality, all information streams are distinguished by a special key protected and shared only with the platform users.

Data has value

 

Members can be compensated with bluenotes token as remuneration just to transfer valuable information to the protocol, anyway the rewards relies upon the nature of the content to the platform.

 

The Protocol

 

Reward Structure

 

A Reward Pool will be set up to seed the Bluenote Protocol with quality building information and to encourage information age, transfers, and application organization by 3rd parties, as a kick start to the Bluenote token economy.

Community Data Sharing

 

Information owners may wish to choose to share some of their information with the Bluenote community as a whole in an anonymized or protected format through the Bluenote Protocol.

 

Completely Decentralized Data Collection

 

The Bluenote Protocol takes into account information owners to set up their own protected node, instead of having to share their information to a "platform" or "cloud."

 

What problems the BlueNote project can solve?

 

One of the most serious issues in getting the correct information to make the best decisions about energy efficiency in buildings is that it is very difficult. However a building’s energy use operational and asset value information is rarely available. In the event that it is accessible, it is regularly siloed in vendors hardware and software products, walled off from each other in costly exclusive arrangements. Additionally, without easy access to information, building owners and investors have had serious issues demonstrating how specific investments in building technology impact energy use and the bottom line.

 

Blockchain-based solution BlueNote Offers

 

Bluenote stands to pulll these information streams out of building and standardize it through a distributed blockchain solution called the Bluenote Protocol. The Bluenote Platform is an open-access, confidential network that enables simple data sharing, data services, and building analysis in order to unlock new energy efficiency strategies in buildings. The software-based Bluenote Platform can be utilized both with new applications and with energy technologies already fixed in buildings across the world

 

Advantages of the project

 

Bluenote will pull these information streams out of buildings and standardize it through a distributed blockchain solution called the Bluenote Protocol. The Bluenote Protocol is an open-access, confidential network that enables simple information sharing, information services, and building analysis in order to unlock new energy efficiency techniques in buildings. The software based mostly Bluenote Protocol can be used both with new applications and with energy technologies previously installed in buildings throughout the world.

 

The Bluenote Protocol will use this blockchain innovation to not just give energy information that is progressively dependable and ok for its clients, it will likewise empower everybody to utilize this information to grow better energy solutions. The Bluenote protocol can possibly open more than $650 billion in value globally.

 

Why utilizing Blockchain Technology?

 

The blockchain can help. It's the perfect solution to extract information from various sources that manufacturers are already using and coordinate a reporting network based on standardized metrics. The outcome is a single platform for carbon measurement, so companies and individuals can see the real effect of each and every product they produce or buy.

"Thus, blockchain technology provides a platform where every partner across the supply chain, i.e., manufacturers, suppliers and distributors can work together in a transparent and accountable manner with the original equipment manufacturer (OEM) to drive a unified carbon ecosystem with exact measurement and credits,” explains Banarjee.

 

Through the blockchain, companies and individuals will have a standardized,  precise approach to measure their activities. At the end of the day, people will realize precisely how much carbon was discharged in delivering that pair of Nike shoes and transporting them to their neighborhood Footlocker, and precisely what number of carbon credits it will take to mitigate their purchase.

 

Road Map

December 2015: Blue City Solutions, the global coalition that helps improve people's lives by testing, sharing, and actualizing the best smart city solutions, farmally launches at COP21 in Paris.

 

May 2016: Blue has an open advancement debate for stakeholders from the international energy world at Blue Horizon occasion in Amsterdam, where commercial real estate is discussed as the biggest solely source of carbon emission in urban communities.

 

September 2016: Blue starts a project to develop a protocol that enables the global real estate market to track energy efficiency live: The Bluenote project.

 

February 2017: The Bluenote project team is made with the goal to develop a protocol that powers an independed, decentralized, economy that helps to optimize energy efficiency for commercial real estate across the world.

 

February 2018: Everyone who passed KYC process will participate in the Bluenote token investment pool and in the economics of Bluenote token performance. Bluenote token are based on the Ethereum blockchain ERC-20 Token Standart. Private sale runs currently.

2018: Bluenote can launch the world's number one open-data, real-time building performance protocol to benchmark and verify every building's energy, emissions and financial information.

 

Token Details

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

Token Symbol: BNOW

Total Supply: 12,500,000,000 Tokens

Tokens for Sale: 6,250,000,000 (50%)

Blockchain/Token Ethereum: ERC20

Token Issue Immediately and ICO is LIVE

KYC: Document KYC

IEO Token Price: 1BNOW = USD 0.01

Private Sale USD: 10,000,000 – RAISED

Public Sale Cap: USD 10,000,000

Total Fundraising Goal: USD 20,000,000

Accepted Currencies: BTC

Amazing Teams behind BlueNote

Jeremy Adelman: Energy and Business Models

Andrew Barbeau: Energy and innovation policy

Hester Kranendonk: Community management

Philippe Tarbouriech: Technology development

Hans Tobé: Finance

Quintus Abeln: Legal

Michiel Frackers: Chairman

Advisors

Chad Blevins: Financial and Data analysis

Greg Cooper: Commercial Real Estate

Francisco Gordillo: Blockchain strategy

Conclusion

The BlueNote project was made by those that are aware to the surroundings within which they live. Nature is like our home that has to be rigorously protected and used clean. we've got to take care of our house around us. Otherwise, future generation can have to be compelled to find other planets to live. Bluenote Protocol, applications can have the capability to mine the huge information prepare for experiences into building productivity techniques that work, whereas saving the privacy of the structures sharing the data. I invite everybody who looks at the environment responsibly to at least examine the project. BlueNote have provided solution for zero carbon emission worlds.

 

Useful links to Bluenote:

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