Global warming caused by carbon emissions is both humanity’s greatest challenge, as well as an enormous financial opportunity.
Buildings cause over 30% of the world’s carbon emissions, making them the largest singular source of carbon emissions because they consume about 60% of global electricity. More than 70% of all buildings were built before the first energy crisis in the 1970s, which creates an enormous market for improving their energy efficiency.
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.
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.
Blue City Solutions ("Blue"), the global coalition that helps improve people's lives by testing, sharing, and implementing the best smart city solutions, officially launches at COP21 in Paris.
Blue hosts an open innovation debate for stakeholders from the international energy world at the Blue Horizon event in Amsterdam, where commercial real estate is discussed as the largest singular source of carbon emissions in cities.
Blue initiates a project to develop a protocol that enables the global real estate market to track energy efficiency live: the Bluenote project.
The Bluenote project team is formed with the goal to develop a protocol that powers an independent, decentralized economy that helps to optimize energy efficiency for commercial real estate around the world.
Collecting real-time and high-resolution energy-related data from buildings through a Bluenote node. Simplifies the tracking and visual presentation of energy data.
Bluenote conducts a private sale with the goal of raising CHF 10 million. (CHF 10 million successfully raised!)
The Bluenote project launches its cryptocurrency BNOW through an Initial Exchange Offering (IEO). The BNOW IEO will be the first opportunity for the general public to participate in the new global energy efficiency protocol. The IEO will offer BNOW tokens directly through a leading international cryptocurrency exchange.
Kickstart the Bluenote ecosystem by rewarding, through a smart contract, early participants that bring value to the protocol by identifying or recruiting buildings, providing data or developing software.
Developers start processing raw time-series on the Bluenote nodes, including historical billing and weather data, to create the first software-based energy efficiency attributes, and to create recommendations for improving energy efficiency.
Structuring of nodes and indexing building features to facilitate discoverability. Building data queries based on location, size, type, etc. will now be functional.
Network effect: a critical mass of nodes is reached. Participants will now be able to run private computation queries on other nodes to leverage energy efficiency learnings or benchmark performance against peers.
