BitLumens is a non-conventional-renewable-energy solution using wind and solar to address power reliability and water access in Latin America, Asia and emerging market regions. BitLumens will provide off grid communities with a credit score after they had paid for their solar home systems using a pay as you go structure. After a villager has finalized the payments we will provide ownership of the technology, with the option to get a new system after the final payment has been made. We use the blockchain to allow machine to machine power trading and to collect KYC (know your customer) and data on each transaction. The latter is to provide users with a credit score. The blockchain is also an ideal solution for data standardization and to make the customer the owner of that data.
In addition, through the blockchain, we provide transparency to our investors by visualizing the credit score, power generation, carbon mitigation and PM2.5 mitigation. Our platform contributes to the UN SDGs, in particular to Affordable and Clean Energy, Sustainable Cities and Communities, Good Health and Well-being, Gender Equality and Climate Action.