In 2015, a climate conference COP21 was held in Paris which had in attendance an international group of investors, entrepreneurs, and experts under the umbrella of Bluenote foundation. They seek to solve the major problem on earth - climate change without being restricted by investors or politicians. Their core mission is to lead the revolution against CO2 emission in cities, but they intend to achieve this task in a way that is economical, environmentally and socially sustainable. Through the Bluenote protocol, it allows innovators to design new products, set the data free and gain access to entirely new markets, based on the evaluation of data from buildings around the globe. So, what are the advantages of this Bluenote? Take a ride with us as we evaluate the benefits of this protocol in the next part of this article.
Bluenote protocol aims to exploit the benefits of blockchain ecosystem to deliver a confidential, transparent, decentralized, and value-focused data platform that will prove the verification and measurement of solutions, create an advanced energy efficiency data market, and most importantly, activate new building asset value. Building technology firms are of the opinion that their major aim is to sell hardware, and don't usually take software services into great consideration. The end result is a limitation of data. The Bluenote protocol ensures that there is an alternative to keeping data stuck in vendor silos and unlock opportunities for energy efficiency.
This protocol allows exploitation of data out of its silos, transmitting it to a node, and linking it to a network. With this, a building will be able to easily contract for verification services, analytic services, data services, or energy efficiency services through a series of software modules. These software modules offer numerous services such as benchmarking analysis, building-specific products, and continuous-commissioning analytics engine. In addition, these software modules can also exploit the knowledge of the enormous data set linked to the network. For buildings to get these modules, they have to use Bluenote tokens and relevant smart contracts.
Another advantage of the Bluenote protocol is that it enables buildings to get small commission thereby generating extra token revenue for the shareholders. This is made possible by third-party modules who source for anonymous building data. Also, regulatory bodies, utilities, and lenders that wish to know the specific energy efficiency performance of a building can now get the data streams easily from participants, thereby putting a stop to the need for separate evaluation regimes, audits, or engineering studies that can take a whole lot of time to complete. The Bluenote protocol enables interested parties to set up software applications to evaluate the various impacts of a building.
In conclusion, Bluenote protocol will be a reputable and reliable decentralized foundation for the exchanging, calculation, verification and recording of the effect of energy efficiency in buildings. This protocol is built on five main principles which include; confidential, transparent, decentralized, open access, and data value. Zero emission cities are achievable and Bluenote protocol has shown commitment in leading the battle against CO2 emission.
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Author - Coltpython
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