BitLumens – Power, Water and the Blockchain. BitLumens is a non-conventional-renewable-energy solution using wind and solar to address power reliability and water access in developing markets. BitLumens will provide women farmers with a credit score after they had paid for their solar home systems using a pay as you go structure. After a woman farmer has finalized all payments they will provide ownership of the technology, with the option to get a new system after the final payment has been made. They use the blockchain to allow machine to machine power trading, send remittances directly to a machine, collect KYC (know your customer) and data on each transaction. The latter is to provide users with a credit score. The blockchain is also an ideal solution for data standardization and to make the customer the owner of that data.
The devices form microgrids in places with no existing infrastructure. Their 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.
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.
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.
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.
BitLumens distributes solar power devices in areas without a power-grid and connects them to the blockchain. By using the devices, people build up credit scores. Banks can access the data by using BitLumens own token BLS and use it to issue microcredits to those who urgently need them.
ICO Bonus Schedule
40% Discount ($0.50) Presale (10 000 000 BLS) May 29-June 18
20% Discount ($0.66) Day 1 (3 000 000 BLS) (June 19)
14% Discount ($0.71) Day 2-7 (4 000 000 BLS) (June 20-25)
7% Discount ($0.77) Day 8-14 (4 000 000 BLS) (June 26-July 2)
0% Discount ($0.83) Day 15-28 (4 000 000 BLS) (July 3-July 16)
Official website: https://bitlumens.com/
Follow official Twitter: https://twitter.com/bitlumens
Follow official Facebook: https://facebook.com/BitLumens/
Bitcointalk Bounty: https://bitcointalk.org/index.php?topic=3203300.0