Details

Industries

Cryptocurrency,Energy,Financial Services,FinTech,Renewable Energy,Solar

Founded date

Jan 1, 2017

Number Of Employee

1 - 10

Operating Status

Active

Bitlumens brings electricity and water from renewable sources using Internet of Things and the Blockchain to women in rural villages in Latin America. Thanks to solar energy and our technology, people can use electricity, charge their electrical appliances and even water their crops! Women acquire our hardware with tokens through a microloan which they amortize in monthly installments. This allows them to build a credit score leading to financial inclusion and poverty alleviation. In addition, family members can buy tokens to send a remittance which could cover the expenses for the machine, meaning water and electricity bills can be covered. We also quantify carbon mitigation and particulate matter reduction in each household to allow women to become carbon credit issuers.

We provide transparency to our investors by visualizing the credit score, power generation, carbon mitigation and PM2.5 mitigation of each user.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.

We have already reached an advanced proof-of-concept and we are operating in Guatemala. Bitlumens will change the type of infrastructure built in small villages as a carbon mitigation strategy. The technologies of today allow for cleaner and cost competitive solutions usually hidden in research labs. Bitlumens brings these technologies to the last mile while allowing investors to diversify their portfolios.