Introduction Bitlumens

Bitlumens Platform

We have developed a Software as a Service (SaaS) which is accessible through BitLumens platform. Banks, governments, utilities and other entities can use it to get access to a variety of data points collected by BitLumens solar power devices and by our agents: KYC information, digital IDs, credit score records, carbon mitigation, the energy produced and consumed as well as the location of the device. All personal data is owned by the users and kept safe and private until they decide to make it available.

Through the data collected, investors can visualize the location of the hardware, the amount of power produced and the credit score of the borrower, giving them full transparency of their investment and its impact in remote places.

What role does blockchain play in Bitlumens Business?

Without blockchain technology, BitLumens' business would not be possible. To date, there is no system that is able to collect payment data from the more than one billion people living in rural areas and make it available to banks or other entities seamlessly. By using blockchain technology, data can be uniquely associated with the device's owner, stored safely on the blockchain and be accessed whenever the user decides so. The blockchain allows banks to audit and monitor data while being sure that all information is accurate. Accurate, reliable, instant and accessible data on payment behavior by people living outside of the banking system is what was missing to give these people access to financial services. Services such as microloans will set the foundation of a whole new economic development where it is urgently needed. At the same time, this opens up new business opportunities for banks, utilities and individuals to get full transparency on their investments.

Will people be able to sell energy produced with the devices?

Yes. Users can sell excess energy to other people in their community. It usually takes eight monthly installments to pay for one device. Users can then decide to buy further devices using installments, thereby enhancing their power production gradually. If other users in their village buy solar power devices, Bitlumens can develop microgrids. Energy can then be sold to other households in their village using the BLS tokens.

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.

Initial Markets

We focus on the intersection of high cell phone availability, low rate of electrification, high number of adults unbanked, countries with inflation rates below 10% and high adoption rate of kerosene or other inefficient fuels used for electricity.

The Solar System

Ideally, our Solar Kit will initially use a 15/20/50W solar panel and 3000 mAh, Lithium Ferro-Phosphate (LFP) Battery. We will sell 3 systems coming with different appliances, i.e. two USB charging ports; integrated dimmable LED lights; LED Backlit LCD TV; Radio and TV.

The battery should last for 5 years and the system has a 2 years warranty minimum.

The system must provide to the final user: available credit, battery availability, electricity consumed, lighting duration, daily cost and energy output. The data will be sent to the network on a daily basis between 7-10pm.

The solar kit is connected to a smart meter and to the user’s cell phone. We use programmable logic controllers (PLC) that allow the current to be measured. There are several circuits which can be used to determine the voltage and current generation/consumption. Each sensor must be connected to a analog-to-digital converter (ADC) in the Controller Hardware. We’ll need at least one circuit at the Solar Panel input and another at the battery output. With these values it calculates the power produced and consumed. The smart meter works LPWAN solutions for IoT, which can work for several kilometers distance. Sensors will provide the data in the form of text messages, such as, available credit, battery availability, electricity consumed, lighting duration, daily cost and energy output.

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