BitLumens is building a decentralized, blockchain-based micro power-grid for the 1.2 billion people without access to electricity and banking.
WHY BITLUMENS?
BitLumens distributes solar power devices in areas without a power-grid and connects them to the blockchain. By using the devices, people build up credit scores. Banks can access the data by using BitLumens own token BLS and use it to issue microcredits to those who urgently need them.
Data
The devices form microgrids in places with no existing infrastructure. Our innovative software collects data and sends it to the blockchain. People can decide to make this data available to banks for microcredits and other financial services. Banks will gain access to over one billion people in need of a bank account.
Power Generation
The devices produce clean, zero-emission electricity and have an immediate impact on the quality of people's lives. In the future, the devices can be interconnected to form micro power-grids in places without electricity, allowing people to trade energy within their communities.
Security
The devices can be locked when users get in arrears with their monthly installments. This provides the necessary security for issuing micro-credits. On the other hand, users have full control over their data. Only they decide who can access and use it.
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