BlueNote - Project Review

toluene (47)in #crypto • 5 years ago (edited)

According to dictionary, environmental pollution can be referred to as the introduction or release of harmful or toxic substance into the environment. Environmental pollution is a constant threat to our world, as it haves a hazardous effect on humans lives and a degrading effect on different environmental factors. Environmental pollution varies in different forms like air, soil, water, noise, etc, disturbing the balance in our ecosystem and environment and adverse changes in our lifestyle.

Greenhouse gas emissions have been identified as the largest world polluter, by contributing significantly to the increasing world pollution rate. Research shows that about 33% of greenhouse gases emission comes from building constructions and energy consumption. This is an indication that human activities like constructions industrialization, energy usage, etc intended to revolutionize the world and make it a better place could be a major contributor to the pollution of our environment.

The Blockchain technology since its emergence in 2009, have significantly integrated itself as an essential part of many sectors (like finance, health, entertainment, transportation, etc) by offering lasting and innovative solutions to the challenges encountered in those sectors.

In this content, I will be introducing a Blockchain based decentralized platform that is aimed at cutting down the pollution from greenhouse gas emission from building construction and energy usage by providing solution to these challenges. This decentralized platform is known as Bluenote

Introducing Bluenote

Bluenote is a decentralized platform created on the Blockchain technology to solve the challenges of greenhouse gas emissions by providing building operators with open access analytic data to be used to work on more efficient energy consumption without endangering our environment.

Existing challenges

Energy consumption varies differently between buildings, with some building consuming energy more than other. The major challenge encountered by building operators is the absence of a reliable energy data network for building energy consumption, thereby making is hard for building owners and operators to determine the impact of specific energy system or building technology have on global warming and environmental pollution.

Bluenote innovative solution

Bluenote is a decentralized Blockchain based platform created with the aim of reducing greenhouse gas emission by improving the energy consumption of buildings. In order to atain this goal, Bluenote will be introducing the Bluenote protocol, which is a Blockchain based open source network that allows the sharing of data, adding of data, and also have building analytical services, thereby making it possible for operators to get access to data necessary for the acquisition and analysis of the best energy efficient protocol.

How is this achievable?

Over the years, a lot of these buildings are equipped with hardware devices known as Direct Digital Control (DDC). This will save Bluenote the stress and cost of creating dedicated hardware devices for these buildings, as the Bluenote Protocol will be integrated with the DDC which will make them function as Blockchain Nodes for the compilation and exchange of data in an open and trustless system. The data collected will be encrypted through the Blockchain cryptographic technology, making them super secured.

This will enhance the Bluenote decentralized marketplace where building operators, owners, and investors can have access complex data analytics carried out with smart contracts and can be traded with BNOW token (Bluenote native token)

Advantages of Bluenote

Unique concept: unlike most new Blockchain projects that tend to copy exist projects just to raise funds from the public; Bluenote is a very unique project with distinctive concept.

Real life usage: Bluenote seeks to solve the challenges of greenhouse gases emissions that presently plaques our environment. The solution Bluenote offers is very realistic and achievable, which makes Bluenote extremely different from most Blockchain projects that are based on unrealistic assumptions without any proper plan of execution.

Established infrastructure: Unlike most projects that still have to wait for its dedicated hardware and software gets developed before operation can start and most usually get trapped in the development stage, Bluenote will integrate with existing hardware and software (like the Direct Digital control) in existing buildings to start its operation.

Potential of Bluenote

The global real estate industry is growing at a very rapid rate with worth of trillions of dollars. Bluenote is adoptable by this industry as it helps to reduce global warming by cutting down drastically the greenhouse gases emission from buildings, which will significantly increase the worth of Bluenote.

Token structure

Bluenote is conducting an Initial Exchange Offering (i.e. the token sale is conducted on an exchange). The token sale has been progressing well so far with the softcap already raised. The Bluenote tokens will be the native token for the trading of data on the Bluenote decentralized marketplace. The token can be acquired by buying on the exchange, uploading of data, and also through usage of your data.

Token Ticker: BNOW

Token Type: ERC20

Token Price: $0.01

Private sale goal: $10,000,000

Hardcap: $20,000,000

Total Token Supply: 12,500,000,000 tokens

Percentage for Tokensale: 50%

Conclusion

Bluenote is a really innovative project as its seeks to serve the good of our world by putting global warming in check through the its platform. The project potentials are very enormous and having a very good and experienced team to lead it to success makes it a gem amongst projects