BLUENOTE: A GLOBAL BLOCKCHAIN ENERGY EFFICIENCY PROTOCOL.
Bluenote is able to generate enormous direct and sustainable cost savings by reducing their energy costs. These cost savings make buildings more profitable and therefore far more valuable.
The non-financial, but sustainable, benefit is that increasing energy efficiency greatly reduces carbon emissions. Bluenote launched the world’s first blockchain-based energy efficiency protocol. This creates a decentralized ecosystem that allows building operators around the world to learn from each other how to waste less energy through distributed intelligence data. Global warming caused by carbon emissions is the biggest challenge for humanity, as well as enormous financial opportunities.
The team behind this project understand the magnitude of the task at hand as it surely won’t be smooth sailing all the way. It is often difficult to obtain adequate data to effectively study a buildings energy consumption. Even when available, the data is often difficult to correlate. This is a major reason why the team came up with a proposed solution. They intend to pull the data streams from buildings and standardize it through a distributed blockchain solution called the Bluenote Protocol. Bluenote is an open access network that promotes simple data sharing and offers simple data services and building analysis with the goal of unlocking new energy efficiency strategy in buildings.
The Bluenote Protocol is a unique, intelligence technology and economy that can be applied in the real world. It offers many solutions to the problems they have to face. It is easy for buildings to connect data to their own nodes and there is no need to rely on a “cloud” of a vendor. The owners of the data can give secure access to data analytics through Bluenote without showing the data they do not want to expose. The Bluenote community is going to enable a marketplace of software services and data analytics that is able to connect easily to data nodes. Bright lines are created between financial performance assets and carbon reductions.
THE WAYS TO HANDLE DATA PRIVACY.
-Explicit agreement. Participation has become the norm for individuals with European GDPR actions. Regarding explicit collection agreements, it is usually possible to access data and the possibility to delete the data.
-Profit sharing. A number of markets including several blockchain-based solutions aim to overcome this problem as if it were merely an unfair advantage, assuming cash would offset privacy and confidentiality issues.
THE PROBLEMS BLUENOTE WANT TO SOLVE.
-Siloed Data: Building data is trapped in different vendors silos or sits unused.
-Data privacy: Data owners are concerned about exposing confidential data.
-Actionable Intelligence: Building operators don’t have the decision- making tools they need.
-Capturing Value: Buildings can’t calculate the financial benefit for their improvements because they can’t track their performance
-Lack of financial incentive: Energy efficiency and building operational data is not recognized for the value it provides.
THE SOLUTIONS THEY PROVIDE.
-The Bluenote protocol is a unique, distributed data intelligence technology and economy that has a real-world application.
-Decentralized Nodes: Buildings can easily connect data to their own nodes, rather than relying on a vendor’s ‘cloud.’
-Secure Access: Data owners can allow for secure access for data analytics through the protocol without exposing the raw data.
-Global Market for Analytics: The Bluenote community will enable a marketplace of data analytics and software services that can easily connect to data nodes.
-Verified Performance: Creates bright lines between carbon reductions and financial performance of assets.
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Authored By: OYEBAMIJI OYEWALE
Bitcointalk Username: Bajiwale
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2317577;sa=summary