IoT and blockchain to facilitate the scaling of green technologies in rural communities
A recording of the Hyperledger Climate Action and Accounting Special Interest Group meeting on June 15, 2021 featuring Veronica Garcia-Heller, Founder and CEO of Bitlumens and Kamlesh Nagware, CTO of Snapper Future Tech. Bitlumens facilitates the scaling of renewable technologies using a last generation smart meter and the blockchain. We do this by working with PV mini grids in rural areas with intermittent or no access to electricity. Our main market is India because the digitalization of the energy sector is happening fast and is being backed by the government. This provides a good test ground for the application of carbon budgeting and trading. Our platform combines Internet of Things (IoT) and the blockchain, where we provide security, verification and traceability of data. Through survey and IoT data we provide a credit score and a carbon credit to each household. These calculations are stored on chain to be accessed by permissioned stakeholders. We believe that the involvement of stakeholders in carbon reduction from the very beginning of a project fosters investment flows towards renewable generation in rural communities.