Bitlumens will Cover the Demand for Energy Produced with Solar Systems

The energy market in Latin America as well as in some other emerging regions develops slowly. Most countries of those areas use fossil fuels to meet the energy needs of the local population. Latin America possesses a great number of renewable energy sources, such as wind and solar power, which can provide energy to many regions. In order to supply houses with light, most locals use kerosene lamps. Kerosene as a lightning fuel, however, can be harmful to health and can also have serious implications.

https://www.bitlumens.com

Bitlumens is especially designed for the needs of the outlying regions of Latin America. This area is considered to be well endowed with renewable sources of energy. Solar energy and Bitlumens’ technologies will allow people to use electricity as well as for watering their crops. The core idea of the project is to supply people with energy of adopting solar systems.

Bitlumens provides farmers with electricity

According to Bitlumens, the platform gives an opportunity to Latin America farming communities to replace such energy sources as kerosene and wood, as it will supply energy from renewable sources, which are clean and safe. Solar kit created by Bitlumens, is an energy device that consists of a solar panel and a battery. The battery is considered to operate for five years. The system must respond to electricity and lightning demand of the whole house. The solar system is binded up to the customer’s cell phone, what enables fast tracking of the produced and consumed power.

Distributed energy companies or so called DESCO, create new forms of financing for people who live in the outlying regions. DESCO offers reliable energy services at a competitive price. Bitlumens suggests a decision for those customers, who can't pay at once. Leasing system will give customers an opportunity to own the technological tools once they have been paid. Sun Home System (SHS) is a software provided by Bitlumens. It was especially created for people living in outlying villages. SHS is easy in use and can be installed in places without power grid.

Components of the platform

The system provides users with two types of chain combinations:

1. Off-chain combination.
The digital ID is not a blockchain component but supposed to be centralized. Each customer has an ID number and a credit story in the bank. Government and banks can use customer data to offer micro lending proposals. Customers have microcredits access due to the fact that their personal data represent an interest for government and banks.

https://www.bitlumens.com/

2. On-chain combination.
When the transaction is fixed into the system with the help of the platform agents, Bitlumens pays these agents a commission in tokens.

The initial financial components are provided by ID and Know Your Customer data. Users can find an appropriate microcredit solution as well as gain access to the SHS on the Bitlumens platform. Platform developers promise to provide cooperative banks with key data they require to set up a bank account.

Token Sale Plan

Bitlumens’ mission is to introduce a new financial solution to people living in remote areas and provide them with an opportunity to earn money and supply their houses with an electricity. Furthermore, family members can buy BLS tokens as well. They will be also able to install the app on their phones and make payments for water and electricity. Bitlumens’ founders intend to license the platform. They are considered to organize the work with banking services in huge scale in order to help the locals improve their standards of living.

Links:

Website: https://www.bitlumens.com/
WhitePaper: https://bit.ly/2lFmSGc
Telegram: https://t.me/Bitlumensnews
Facebook: https://www.facebook.com/Bitlumens/
Twitter: https://mobile.twitter.com/bitlumens
Medium: https://medium.com/@bitlumens
ANN: https://bitcointalk.org/index.php?topic=3163931.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049

Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.