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Bluenote – the leading blockchain solution to a zero emission world
An eye-opening piece by the IEA. The already enormous energy demand from buildings can increase by 30% by 2060. That’s the same amount of energy as all households in the US, China, and the EU used together in 2015! The need for energy efficiency is critical in this industry.
Buildings already use 30% of the world’s energy, and their consumption will grow rapidly as 65% of the world’s population is expected to live in cities by 2050. Bluenote uses blockchain to show buildings how they can waste less energy and become more valuable.
About 40% of all commercial buildings in the US were built before the first energy crisis in the 1970’s when there were very little requirements for energy efficiency. There is an enormous potential for energy savings by upgrading them with the latest technologies and materials. Bluenote shows buildings how they can waste less energy.
Bluenote is launching a decentralized network that enables building operators to learn from each other how to increase energy efficiency through blockchain and distributed data intelligence. Increased enerygy efficiency is a win-win policy for all Europeans.” It reduces the energy bills of citizens and strengthens the competitiveness of the European industry by reducing cost and stimulating investment.
The energy efficiency services market exceeds $118 billion/yr. Bluenote Protocol uses blockchain to maximize opportunities by revealing which energy tech creates the most profit potential. Increasing the energy efficiency of one of the most energy-hungry components in buildings can be the key to solving climate change.
The Bluenote Protocol is an open-access, confidential network that enables simple data sharing, data services, and building analysis in order to unlock new energy efficiency strategies in buildings. The software-based Bluenote Protocol can be used both with new applications and with energy technologies already installed in buildings throughout the world.
The Bluenote Token
The Bluenote token is ERC20-compliant, 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 on the Bluenote Protocol.
Solutions offered by the Bluenote
Bluenote is set out to create a protocol that leverages the benefits of the blockchain ecosystem to provide an open access, decentralized, transparent, confidential, and value-focused data ecosystem that will open up a new energy efficiency data market, prove the measurement and verification of solutions, and ultimately unlock new building asset value.
There is a fundamental shift emerging in how buildings are generating, collecting, analyzing and acting on their data. As the Internet of Things revolution expands, bringing with it amounts of new data orders of magnitude larger than exist today, buildings should be able to:
use that data to understand how they are and should be managing their building minute by minute
identify outlier events and conditions
understand what measures would make their building more efficient
respond to grid needs and participate in grid markets
track their performance against themselves or their peers, and
prove how these investments not only lower operating costs but increase a building’s value.
Yet, the energy services industry has pushed buildings to adopt proprietary analytics hardware and software, tying their customers to their own ecosystem and trapping data. This happens because building technology companies readily admit that their primary focus is to sell hardware, and often see software services simply as a means to sell even more hardware to a building. The result of this siloed approach means, today, even the “smartest” buildings are limited to a data universe of their own building, and whatever model their vendor offers.
The Bluenote Protocol changes that. It provides an alternative to keeping data locked in vendor silos, and allows for the easy sharing the intelligence exposed by data across a decentralized network, opening up new opportunities for energy efficiency that are not otherwise possible
Bluenote Protocol Overview
The Bluenote Protocol is a decentralized network of building data, paired with a token based system for data processing and decision making software services. The Bluenote Protocol does not act as a data gatekeeper or central hub, but rather as a collaboration enabler.
The protocol is developed as a series of Nodes, packaged data services connected through the network and recorded on the common ledger. Each node allows data to be pulled in standard formats from buildings into separate data streams, each one accessible with permission by the broader network without jeopardizing confidentiality of the building.
By pulling its data out of its silos, uploading it to a node, and connecting it to the network, a building will be able to easily contract for energy efficiency services, data services, analytics services, or verification services through a marketplace of software modules. These software modules could provide building-specific products, as simple as a benchmarking analysis to as complicated as a continuous-commissioning analytics engine, just by being directed to the location of a building’s data stream.
The software modules can also leverage the wisdom of the enormous dataset connected to the network, scouring confidential and anonymous building data to identify trends, characteristics, or performance of similar buildings and desired technologies. Buildings will use Bluenote tokens, and associated smart contracts, to procure those modules, and receive the output data stream for use in their dashboard or building energy management systems.
The more data that is connected to the Bluenote Protocol, the greater the insights that can be gained from the entire network of data by third-party application developers. As third-party modules search for and use anonymous building data, any buildings whose data was used gets a small commission, generating additional token revenue over time for participants.
Bluenote World AG will issue a total of 12,500,000,000 Bluenote tokens. These bluenotes will all be issued at the TGE and be distributed according to the illustration below. The process around the Bluenote token distribution will be communicated on the website prior to the TGE.
Use of Proceeds
An efficient deployment of the proceeds will be crucial to the success of the protocol and the Bluenote ecosystem. At the minimum target level, the following operating costs will be required to achieve a minimum viable development of the Bluenote Protocol infrastructure and reference software, and to grow the Bluenote community.
HOW DOES THE ECOSYSTEM SCALE?
The Bluenote economy requires, and will achieve, a large community of building participants. Getting buildings to adopt the protocol and use the Bluenote token to purchases services will take significant effort through multiple channels. The most direct channel the building operators and managers themselves-is likely the least interested in a token-based market. Building operators are often old-school,navigating the influx of data in a building the way cautiously and skeptically. They will need help.
The main channels through which the Bluenote team will reach buildings include:
Direct to Buildings Operators and Engineers
Leveraging building energy consulting and data service legwork
Through Utilities and Governments pursuing data-centric energy efficiency programs
In partnership with building ownership groups
Embedded in building and IOT technology
The most likely people to help building operators upload data and connect to the Bluenote Protocol are other actors in their market orbit: utilities, property owners, efficiency services companies, and building technology hardware and software companies. History has proven that working through these adoption channels does not provide linear scalability. Adoption is lumpy. For example, a property management group will likely decide to implement the Bluenote Protocol and engage in the marketplace in one effort, after they have experience with
the Bluenote in a test building. Similarly, utility and government incentives and partnerships to achieve new energy efficiency savings and to measure energy efficiency performance will be implemented region by region.