Blockchain technology is a transparent digital ledger of transactions and records that are immune to change or deletion. Offering additional traits of increased security, lower costs, time efficiency, and error resistance, blockchain has risen, fluctuated in 2017. The utility of blockchain technology is limitless, sparking the growing list of companies, industries, and government exploring its potential adoption. The blockchain is an immutable public ledger that records digital transactions.
ABOUT BITLUMENS
Bitlumens is an ecosystem that distributes solar energy devices in areas where there is no access to electricity and connects it to block circuits. Using the device, people improve their credit score. Banks can access data using their own BLS BitLumens token and use it to issue microcredit to people who need it. Bitlumens is a blockchain company created to bring solar energy and water to rural and remote communities. The company's technology is powered by both blockchain technology and the Internet of Things. The company is registered in Switzerland. The company aims to provide social and environmental transformation for the people who need it and support the minimum feasible products (MVP) in Latin America. The company is registered in Switzerland.
BITLUMENS, BLOCKCHAIN TECHNOLOGY AND IOT
Blockchain Bitlumens uses a combination of offline and offline data sources to calculate the credit score of ready-to-use farmers: digital IDs are not part of the blockchain but will be centralized. Each user can have his own ID and credit history. This information can be shared with third parties offering microcredit solutions, governments and development banks. Users can access microloans by paying a specific interest rate based on personal and behavioral variables. 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 Internet of Things is the concept of connecting any device to the Internet and to other connected devices. The IoT is a giant network of connected things and people – all of which collect and share data about the way they are used and about the environment around them e.g smart microwaves, self- driving cars, wearable fitness devices. 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 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’s technology powered by both the blockchain technology and the internet of things will make it possible for people to use electricity, charge their electrical appliances and even water their crops.
ADVANTAGES OF BITLUMENS PLATFORM
Affordable access to safe, environmentally friendly and reliable electricity.
Access to microcredit and other financial services for billions of unbanked people.
Avoid the expensive shipping fees that are usually charged for microloans.
Each token represents a portfolio of microcredit guaranteed by our hardware.
Contributes to the United Nations Sustainable Development Goals.
FEATURES OF BITLUMEN PLATFORM
POWER GENERATION
The devices produce clean, zero-emission electricity and have an immediate impact on people's quality of life. In the future, devices can be interconnected to form micro electrical grids in places without electricity, allowing people to exchange energy within their communities.
SOFTWARE
The devices form micro-networks in places without existing infrastructure. Our innovative software collects data and sends it to the block chain. Individuals may choose to make this data available to banks for microcredit and other financial services. Banks will gain access to more than a billion people who need a bank account.
SAFETY AND SECURITY
Devices can be locked when users are late with their monthly fees. This provides the necessary security to issue microcredits. On the other hand, users have full control over their data. Only they decide who can access and use it.
TOKEN AND ICO DETAILS
Starts June 19th 2018
Ends July 16th 2018
Token: BLS
Platform: Ethereum
Type: ERC20
Pre-ICO Price: 1 BLS = 0.0007 ETH
ICO Price: 1 BLS = 0.001 ETH
Total Supply: 50,000,000 BLS
Soft Cap: $1,000,000
Hard Cap: $25,000,000
BLS tokens are required to access credit score data from the 1.2 billion people who do not have access to electricity and bank accounts.
Villagers use BLS token to pay for electricity.
The BLS token is used to send remittances.
Anyone who needs a BLS token to access BitLumens services must purchase it from the open market.
BENEFITS OF BLS TOKEN
Affordable access to safe, environmentally friendly and reliable electricity.
Access to microloans and other financial services for billions of people who do not have bank accounts.
Avoid the expensive remittance fees that are usually charged for micro-loans.
Each token represents a portfolio of microloans that is guaranteed by our hardware.
Contributing to the United Nations Sustainable Development Goals
ROADMAP AND DEVELOPMENT PERSPECTIVE
We expect to have one project manager per 100 users, installing between 60-100 systems each month. The completed milestones are formation of two companies, one in Guatemala and one in Switzerland. BitLumens holds a certificate to import renewable technologies into Guatemala. In 2019 we expect to have the software and sensores connect to at least one microgrid to service 500 users. In addition, we are looking to expand in Q1/Q2 into Southeast Asia in countries such as Indonesia and Myanmar. We are currently speaking to different foundations who have access into rural communities in those countries.
The table above shows the breakdown of how we expect to invest the funds over a period of 3 years.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field. Below are some of them;
Veronica Garcia:
CEO/Founder, Veronica Garcia has been an investment consultant at Credit Suisse and UBS. After finishing her graduate studies at the ETH in Zurich she joined the IBM Research Lab in Zurich. She had worked as a consultant for the World Bank, IADB and Castalia.
Daniel Heller:
CFO. Daniel was a visiting fellow at the Peterson Institute for International Economics in 2017 where studied the impact of emerging digital technologies such as blockchain on the financial sector, financial stability, and central banking.
Bitlumens brings off grid electricity from renewable sources to women in rural villages in Latin America, leveraging on Internet of Things (IoT) and the Blockchain. Bitlumens mission is to provide a peer-to-peer platform for users to adopt solar grid systems to reduce carbon emissions and gain access to lighting and water in off-grid locations. and the goal of the project is to create a positive and measurable social and environmental impact. You can be a part of this tremendous project by following these links for more information;
Website : https://www.bitlumens.com/
WhitePaper :https://www.bitlumens.com/assets/bitlumensdata/White_Paper_June_2018.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=3163931.0
Telegram : https://t.me/BitlumensNews
Bounty Telegram : https://t.me/bitlumensbounty
Facebook : https://www.facebook.com/Bitlumens/
Twitter : https://twitter.com/bitlumens
Author
nugezmils
BITCOINTALK PROFILE