Project success: BITLUMENS

BITLUMENS: Connecting billions of people with the power of electricity with the help of technology

WHY BITLUMENS?

BitLumens distributes solar powered devices in areas without power grids and connects them to blockchain. Using a device, people build credit scores. Banks can access data using BitLumens own BLS token and use it to extract microcredits to those who need it most.

Data
These devices form microgrids in places without existing infrastructure. Our innovative software collects data and sends it to blockchain. People may decide to make this data available to banks for microcredit and other financial services. Banks will gain access to more than one billion people in need of bank accounts.

Power plants
This device generates clean, zero-emission electricity and has a direct impact on people's quality of life. In the future, devices can be interconnected to form micro-power grids in places without electricity, allowing people to trade energy in their communities.

Security
Device can be locked when users get arrears with their monthly payments. This provides the security needed to issue microcredit. On the other hand, users have full control over their data. Only those who decide who can access and use it.

PLATFORM BITLUMENS

We have developed Software as a Service (SaaS) that can be accessed through the BitLumens platform. Banks, governments, utilities and other entities may use them to gain access to various data points collected by BitLumens solar devices and by our agents: KYC information, digital IDs, credit score notes, carbon mitigation, energy produced and consumed as well as location device. All personal data is owned by the user and kept secure and private until they decide to make it available.

Through the data collected, investors can visualize the location of the hardware, the amount of power generated and the credit score of the borrower, giving them full transparency over their investment and its impact in remote places.

BENEFITS FROM BITLUMENS:

Affordable access to safe, environmentally friendly and reliable electricity.
Access to microloans and other financial services for billions of people who do not have bank accounts.
Avoid the expensive remittance fees that are usually charged for micro-loans.
Each token represents a portfolio of microloans that is guaranteed by our hardware.
Contributing to the United Nations Sustainable Development Goals.

BITLUMENS TOKEN

To access and use BitLumens software, a BLS token is required. Tokens serve several purposes: villagers need them to pay for their solar power installments, banks need them to access BitLumens SaaS (Software as a Service), family members use tokens to send remittances.

Since most villagers do not have Internet access to pay for their Solar Home Systems digitally, BitLumens employs agents that will collect payments in cash and purchase some of the appropriate BLS tokens from the open market. The BLS will then be uniquely associated with solar powered devices.

The BLS token is an ERC20 token based on the Ethereum blockchain. It does not represent the equity in the company. Since every participant in the BitLumens ecosystem will need to buy BLS from the open market, the demand for BLS will increase as the business scale.

BITLUMENS

BLS tokens are required to access credit score data from the 1.2 billion people who do not have access to electricity and bank accounts.
Villagers use BLS token to pay for electricity.
The BLS token is used to send remittances.
Carbon mitigation is verified using IoT and will be approved at a later stage.
Anyone who needs a BLS token to access BitLumens services must purchase it from the open market.

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