BLUENOTE - The Energy Efficiency Protocol

About Bluenote

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.

Buildings cause over 30% of the world’s carbon emissions, making them the largest singular source of carbon emissions because they consume about 60% of global electricity. More than 70% of all buildings were built before the first energy crisis in the 1970’s, which creates an enormous market for improving their energy efficiency.

Core Principles

The Bluenote Protocol will be a trusted decentralized foundation for the recording, calculation, exchanging and verification of the impact of energy efficiency in buildings. The Bluenote Protocol is built on five core principles:

Open Access

Any project can upload data and gain access to the Bluenote Protocol and its ecosystem.

Decentralized

The Bluenote Protocol is a method of categorizing and trading data among a decentralized network of nodes, not a single relational database or centralized server.

Transparent

All shared data streams connected to the protocol are accessible to all third-party apps to be used, along with any transactions or uses of that data.

Confidential

To maintain confidentiality, all data streams are identified by a unique key that is known only to the owner and anyone they share it with.

Data has value

Participants can be rewarded with bluenotes simply for uploading useful data to the protocol, with the amount of rewards dependent on the type, quality, frequency, and demand for that data

The Problem

Getting the right data to make the best decisions about energy efficiency in buildings is difficult. A building’s energy use, operational and asset value data is rarely available. If it is, it is typically siloed in vendor hardware and software products, walled off from one another in expensive proprietary solutions. Without easy access to data, building owners and investors have had difficulty proving how specific investments in buildingtechnology impact energy use and the bottom line.

The Solution

Bluenote will pull these data streams out of buildings and standardize it through a distributed blockchain solution called the Bluenote Protocol. The Bluenote Protocol is an open-access, confidential network that enables simple data sharing, data services, and building analysis in order to unlock new energy efficiency strategies in buildings. The software-based Bluenote Protocol can be used both with new applications and with energy technologies already installed in buildings throughout the world.

The Token

The Bluenote token is an ERC20-compliant cryptocurrency, utilizing smart contracts. which will be tradable under the ticker BNOW. Buildings and devices that integrate the Bluenote Protocol and share data are rewarded in Bluenote tokens. Buildings can then buy and use Bluenote tokens to purchase energy efficiency analytics, from application developers who use the Bluenote Protocol.

Token Sale

Token Distribution

Use of Proceeds

The Marketplace

The Bluenote Protocol simplifies and speeds up the energy efficiency service market. Rather than developing dedicated hardware and software integration for each vendor, a building connected to the protocol can buy a service with Bluenote tokens, and simply point the third-party application to the location of their data already on the Bluenote Protocol. Further, as more data becomes linked through the Bluenote Protocol, applications will be able to mine the large data network for insights into building efficiency strategies that work, while preserving the confidentiality of the buildings sharing the data.