Bluenote is launching the world’s first blockchain-based energy efficiency protocol. It creates a decentralized ecosystem which allows building operators around the world to learn from one another how to waste less energy through distributed data intelligence.
Bluenote The building is the largest contributor to climate change, due to energy consumption which accounts for about 33% of the world's climate change greenhouse gas. Fortunately, all buildings can reduce the amount of energy used by smart management, data mining, introduction of advanced energy technology. These upgrades can make the building more useful. Bluenote launches the open data platform and purchases buildings that accurately indicate the way to reduce energy consumption, reduce emissions, increase building value and zero-emission world
Making buildings more energy efficient has a number of key benefits:
It generates an enormous direct and continuous cost saving by reducing their energy costs.
These cost savings make buildings more profitable and therefore substantially more valuable.
The non financial, but sustainability benefit, is that the increased energy efficiency greatly lowers carbon emissions.
WHY ARE THEY DOING THIS?
The Bluenote Foundation has as its core mission to lead the transition to zero emission cities, but to do so in a way that is environmentally, economically and socially sustainable.
Bluenote tackles the largest polluter first: According to the United Nations, more than two thirds of the world’s population will live in cities by 2050. At present, office buildings in cities are the largest source of CO2 emissions, with all the consequences. Worldwide, buildings are estimated to be responsible for 33% of all CO2 emissions.
Blockchain offers the best way to make the Bluenote Protocol successful: The Bluenote Protocol recognizes the simple fact that there is value in energy efficiency data. With a decentralized platform and independent governance, anyone is able to verify and value data and results, allowing for a new, global trust in energy efficiency. The Bluenote Protocol is designed to collect, process and analyze data in a decentralized manner. It is designed to share all value it creates through Bluenote tokens. There is no dividend, there are no shareholders, there are only bluenotes and all possible value that the ecosystem contains, will translate into the value of those bluenotes.
HOW WILL THEY GET THERE?
THIS IS A MISSION WORTH UNDERTAKING - WITH A STRONG CHANCE FOR SUCCESS. FOR SEVERAL REASONS:
Bluenote tackles the largest pollutant first. According to the UN, more than two-thirds of the world’s population will live in cities by 2050. At present, office buildings in cities are the largest singular source of CO2 emissions, with all the consequences. According to the New York Green Bank, for example, commercial real estate accounts for 70% of all CO2 emissions in New York City. Worldwide, commercial property is estimated to be responsible for 25% of all CO2 emissions. Commercial real estate is the low-hanging fruit of the energy world, this industry can improve much easier than others (like the manufacturing industry). The real estate world is, to say the least, not known for its technological advancement, so the simplest solutions (such as insulation) are often introduced very slowly. The fact that tenants pay for their energy consumption and not the property owners does not help.
Blockchain offers the best method to make this system successful worldwide. Cutting out the intermediary, the Bluenote token as a payment method, the decentralized protocol (without a central database) and the decentralized governance (the public verifies and sets the value of the data) — all this is only possible on the basis of the blockchain.
THE BNOW TOKEN
The Bluenote token is an ERC20-compliant cryptocurrency, utilizing smart contracts. which will be tradable under the ticker BNOW. Buildings and devices that integrate the Bluenote Protocol and share data are rewarded in Bluenote tokens. Buildings can then buy and use Bluenote tokens to purchase energy efficiency analytics, from application developers who use the Bluenote Protocol.
