Distributed Data Intelligence Protocol to Focus on Reducing Global Greenhouse Gas Emissions
In December, the Bluenote project will launch 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.
While nations are struggling this week to agree to a coherent strategy and concrete actions to curb climate-changing carbon emissions at the United Nations Climate Conference COP24 in Poland, the launch of the Bluenote project to the public shows that there are steps citizens, companies, cities, and energy innovators can take right now to fight climate change.
The Bluenote project seeks to tackle the single largest source of greenhouse gas emissions: energy use in buildings, which makes up one-third of global emissions. By reducing barriers to energy efficiency in large buildings, creating a global network of energy analytics, and improving the tracking and accounting of energy efficiency performance, the Bluenote protocol has the potential to unlock more than $650 billion in value globally.
“Bluenote tackles the largest pollutant first, and it does so in a way that actually improves the financial performance of the underlying real estate,” said Bluenote founder and chairman Michiel Frackers. “Real estate owners, investors, governments and energy utilities are constantly looking for new energy efficiency solutions and new ways to use the data their buildings can create to save them money. We have built a blockchain-based protocol to create a global network of people that want to make this industry successful.”
Cutting out the intermediary of utilities or energy service providers, the Bluenote BNOW token serves as payment method and reward system as part of a decentralized protocol that enables distributed data intelligence in the commercial buildings and energy sectors. The Bluenote technology and economy:
Allows for the easy collection of and secure access to private data.
Enables a new global protocol of analytics services.
Simplifies the verification and tracking of energy use and energy savings.
Creates bright lines between carbon reductions and financial performance of assets.
Importantly, allows anyone to take part in this new market.
Unlike many blockchain projects that only exist on paper, the Bluenote project has been piloting some of the technology in the Bluenote protocol in more than 1 million square meters (10 million square feet) commercial real estate during 2018. The Bluenote project was announced at the World Economic Forum in January 2018 and was since voted one of the top projects at the Crypto Summit in Zurich, World Blockchain Congress in Barcelona and the Start Up World Cup in Singapore.
Bluenote has raised over $10 million among private investors and is now offering the general public the opportunity to support the project by purchasing its BNOW tokens. In the past year, many blockchain projects staged so-called public sales of tokens without a concurrent listing on a public exchange, increasing the likelihood of fraud and security problems.
In a new approach to blockchain financing, Bluenote has opted to conduct its public sale through an exchange to ensure proper KYC procedures, maximum scalability, and security. This public sale on an exchange is referred to as an Initial Exchange Offering (IEO) and will launch on a leading international cryptocurrency exchange in December.
The Bluenote project is making available a maximum of $10 million in BNOW tokens to the general public in the IEO. Of the total amount of tokens, 50% will be made available to the public and an additional 20% is earmarked to reward to real estate properties and software developers for their participation in building the global Bluenote network. The Bluenote team, the early investors and advisors have a 24 month vesting schedule of their tokens.