BitLumens is building a decentralized, blockchain-based micro power-grid for the 1.2 billion people without access to electricity and banking.
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 blockchain technology. BLS tokens are needed for women farmers to run our devices which produce power for electricity or water. By giving people the opportunity to install a renewable energy systems connected to the blockchain, development banks will be able to do business with these people and vice versa. The BLS token serves as a means of payment and is used to access the BitLumens software by banks and other financial service providers.’ Globally, burning kerosene for lighting generated 240 million tons of CO2 equivalent a year, around 0.5% of global emissions. In fact, just kerosene lamps replaced in Africa and Asia with solar panels saved 1.4 million tons of CO2 equivalent in 2014 alone. Bitlumens customers create valuable carbon assets that can be sold to companies and/or carbon markets. Most rural communities have unreliable access to power and water. These communities spend considerably high amounts (given their wages) on inefficient and hazardous fuels such as biomass, kerosene, plastic, battery torches and candles. Fuels and its combustion process release greenhouse gases into the atmosphere. Bitlumens is brining clean technologies to areas where new infrastructure is needed to comply with the 2ºC target from the Paris Agreement. Who owns the data from the sensors? Our clients own their data. These data can be sold to the government or to development banks. The data runs in a private blockchain and is connected to our sensors.
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