BlueNote

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According to a report released by the United Nations, around 75% of world’s population will be living in cities by 2050. And already when compared to villages, cities are more susceptible for being the biggest source for CO2 emissions. And if the population in the cities is going to multiply, the emission levels will reach dangerous levels. And this is why many corporates are moving towards zero-emission buildings to reduce CO2 emissions and save energy as well. And Bluenote is coming up with an excellent idea of utilizing blockchain technology to create an energy efficiency protocol.

What Is BlueNote About?

Bluenote is planning to create a decentralized ecosystem that enables building owners to learn new ways to save energy through the help of distributed data intelligence. BY making buildings energy efficient, it helps them to save costs spent on energy and also make them reuse the energy. It also ensures the buildings serve a greater purpose of lower carbon emissions as well. The blockchain platform will enable building owners and operators to share their energy performance data to the community to calculate the carbon-emission and the platform takes all the uploaded data and standardizes them to provide a global market for analytics.

BlueNote token

The Bluenote token (BNOW) that is completely ERC20 complaint enables the use of smart contracts for building owners to integrate their data with the BlueNote Protocol.

Core Principles behind BlueNote

The BlueNote protocol acts as a decentralized and trusted platform that helps to record, calculate and exchange of energy performance data among the BlueNote community to increase the energy performance in buildings. According to Bluenote, the platform is built on the basis of five core principles that include:

The platform is completely accessible to Bluenote community and any building can easily upload their energy performance data and also gain access to the platform.
The platform is completely decentralized so that the data is not housed in a single or a centralized server and the data is more safe and secure than ever
The system is also completely transparent and enables other third party apps to gain access to the data for analytics purposes
And to provide that layer of security to the data layer, every data stream is protected by a unique key that is only known to the owner of the data and the people they share it with
Each and every transaction is appraised with Bluenote tokens, so if an owner uploads data to the platform, then he will be rewarded with Bluenotes. And the amount of tokens awarded will largely depend on the frequency of Updation, type, quality and amount of data uploaded.

Our Thoughts

The Bluenote protocol is certainly considered to simplify the energy efficiency sector to a great extent. And with the help of blockchain technology to manage energy performance data building owners will find it easy to mine the data available and devise newer ways to energy efficiency methods to save a lot of money.