BLUENOTE

whalezoon (0)(1)in #ico • 6 years ago

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.

The Bluenote Protocol is designed to collect, process and analyze data in a decentralized manner. It is designed to share all value it creates through Bluenote tokens. There is no dividend, there are no shareholders, there are onl y bluenotes and all possible value that the ecosystem contains, will translate into the value of those bluenotes. 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. Global warming caused by carbon emissions is both humanity’s greatest challenge, as well as an enormous financial opportunity. Governmental entities cannot initiate such a project on their own, because it falls outside of regular policy instruments. Further, as the protocol stretches across borders and across industry sectors, there is no common government agency to oversee it. Large companies in the energy and buildings industry have proven they can only hoard this data, not exchange it or value it for those who produce it. The large industry players today have developed a reputation for working poorly with competitors and being biased towards their own solutions and ecosystems.

OPENING UP THE ENERGY EFFICIENCY MARKET

Building efficiency is the cheapest form of energy.

While buildings are responsible for 33% of global emissions, building energy efficiency represents 40% of the greenhouse gas reduction potential that can be achieved cost-effectively. On a cents/kilowatt-hour basis, comparing the levelized cost of energy over the life of the investments among all energy investments in the power sector, energy efficiency comes in significantly below its fossil-fuel, uranium, and even carbon-free competitors. Building efficiency is the cheapest form of energy While buildings are responsible for 33% of global emissions, building energy efficiency represents 40% of the greenhouse gas reduction potential that can be achieved cost - effectively. On a cents/kilowatt - hour basis, comparing the levelized cost of energy over the life of the investments among all energy investments in the power sector, energy efficiency comes in significantly below its fossil - fuel, uranium, and even carbon - free competitors.

Energy efficiency services market exceeds $118 billion/yr.

Global energy efficiency investment in buildings has been increasing, and in 2015 reached USD 118 billion, according to the IEA. Globally, energy services companies (ESCOs) generated USD 24 billion in revenue in 2016. In the United States, ESCO revenues reached USD 6.3 billion, in the European Union they were USD 2.7 billion, in China, USD 13.3 billion.

Why is energy important to building valuation?

According to the Building Owners and Managers Association’s 2016 Experience Exchange Report, a survey of 5,200 commercial buildings in the United States and Canada, Utility expenses account for an average of 26.7% of total operating expenses. Using the income capitalization method, building managers able to reduce operating expenses associated with utility or energy expenses can also increase the value of the whole asset.

A study done in collaboration between Deutsche Bank and the Rockefeller Foundation calculates the value of those energy expenditures, stating that just 30% of the electricity expenses borne by commercial buildings in the United States is worth $100 billion annually.

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,

2. Leveraging building energy consulting and data service legwork,

3. Through Utilities and Governments pursuing data-centric energy efficiency programs,

4. In partnership with building ownership groups,

5. 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.

https://bluenote.world/

BLUENOTE TOKEN

Bluenote will issue an ERC20 standard token to power the Bluenote Protocol, ecosystem and economy, carried out via a Token Generation Event (TGE).