Bitlumens brings electricity from renewable sources using Internet of Things (IoT) and the Blockchain to women in rural villages in Latin America. Thanks to solar energy and our technology, people can use electricity, charge their electrical appliances and even water their crops! Women lease our hardware and pay in installments denominated in BLS tokens. This allows them to build a credit score leading to financial inclusion and poverty alleviation. In addition, family members can buy tokens to send a remittance which could cover the expenses for the machine, meaning water and electricity bills can be covered. We also quantify carbon mitigation and particulate matter reduction in each household to allow women to become carbon credit issuers at a later stage.
The current milestones of Bitlumens are:
• The deployment of 100 off grid solar devices by the end of May 2018.
• The addition of the software to run the hardware using tokens by the end of May.
• The deployment of IoT to track carbon and black carbon mitigation.
• After June we will be adding solar pumps into our hardware ecosystem.
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.
BITLUMENS FEATURES
Data
The devices form microgrids in places with no existing infrastructure. Our innovative software collects data and sends it to the blockchain. People can decide to make this data available to banks for microcredits and other financial services. Banks will gain access to over one billion people in need of a bank account.
Power Generation
The devices produce clean, zero-emission electricity and have an immediate impact on the quality of people's lives. In the future, the devices can be interconnected to form micro power-grids in places without electricity, allowing people to trade energy within their communities.
Security
The devices can be locked when users get in arrears with their monthly installments. This provides the necessary security for issuing micro-credits. On the other hand, users have full control over their data. Only they decide who can access and use it.
BLS TOKEN
To access and use BitLumens software, BLS tokens are needed. The tokens serve multiple purposes: villagers need them to pay the installments of their solar power device, banks need them to access the BitLumens SaaS (Software as a Service), family members use the tokens to send remittances.
Since most villagers do not have internet access to pay digitally their Solar Home Systems, BitLumens employs agents who will collect the payments in cash and buy a corresponding amount of BLS tokens from the open market. The BLS will then be uniquely associated with the solar power device.
The BLS token is an ERC20 token based on the Ethereum blockchain. It does not represent equity in the company. Since every participant in BitLumens ecosystem will need to buy BLS from the open market, the demand for BLS will increase as the business scales.
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.
ADVANTAGES OF BLS
• Affordable access to safe, environmentally friendly and reliable electricity.
• Access to microloans and other financial services for billions of unbanked people.
• Avoid expensive remittance fees usually charged for micro-lending.
• Every token represents a portfolio of microloans collateralized by our hardware.
• Contributes to the United Nations Sustainable Development Goals
ICO Price Schedule
Token Issuance
ROADMAP AND DEVELOPMENT
TEAM
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. Previously, he was head of financial stability at the Swiss National Bank, head of the Secretariat of the Committee on Payment and Settlement Systems at the Bank for International Settlements, and Executive Director for Switzerland, Poland, Serbia, Azerbaijan, and four Cent ral Asian republics at the International Monetary Fund. He received his PhD from the University of Bern and was a research fellow at Stanford University.
Yash Patel: Frontend Developer: Yash is working as a Software Engineer at Onata. Expertise in levering front-end technologies to develop high end web application using Angular, Bootstrap, HTML5 and React JS. Fundamental mastery of the AWS cloud computing platform, and its many dimensions of scalability - including but not limited to: VPC (Virtual Private Cloud), EC2, Load-balancing with ELB, Cloud Formation, Cloud Watch, the AWS API and different toolkits for instrumenting it.
For more information, please visit:
Website: https://www.bitlumens.com/
Whitepaper: https://www.bitlumens.com/assets/bitlumensdata/White_Paper_June_2018.pdf
Telegram: https://t.me/Bitlumens
Bounty Thread: https://bitcointalk.org/index.php?topic=4456150.0
Author: Crator Touch
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1612381