About 4 years ago, I was an official representative in the UN committee of Science and Technology in Geneva, and was exposed to the need that was expressed by ALL participants following my long and detailed lecture, to fulfill the vision of bootstrapping poorly developed zones by offering micro-credit, and basic banking services centered around the cellphone (78% of humanity have a cell phone!).
I’ll not bother you with details now, but we – on our own resources – picked up the gauntlet and developed very innovative technologies that can push the world towards a rare evolutionary step in the history of money — digitization: a string of bits (ones and zeroes) is engineered to carry value and assume identity, and in that form flow, move, store, and accumulate: securely, seamlessly, discreetly and fast. Allowing payment, banking, investment and the global economic activity to be redefined, re-engineered, and revamped. The global village is finally about to become not just global, but a village where anyone anywhere can trade, buy, pay, invest. Not account-based, like today, but eCash-based, appropriate for our modern eLife. New creative forces unleashed, new vistas opening.
Moreover – we have invented and developed the Tethered money – Money that could be tied to a use purpose à this is a real breakthrough! One of the most vital application is: charitable help or social support can take the form of providing the needy with ‘digital money containers’ that are only good for paying for electricity or water or for food. These restrictive conditions can be further applied to insure that these digital bits are only good to serve a home at the given address. Of course, such charitable contributions cannot be abused by the recipient for buying vanity items. This social aspect is very important everywhere.
In the same UN committee it was suggested that pay-as-you-go models, based on a simple user friendly prepaid platform may expand affordable clean energy access in rural areas. Greater access to electricity in rural areas will enable children to study beyond sunset, replace smoky fuels such as kerosene with clean solar energy, improve respiratory health of household members and improve overall productivity of rural households. Rural customers of pay-as-you-go solutions, pay a small initial down payment for a high quality solar home system and then pay in REAL TIME for their energy service, topping up their systems in small user-defined increments using a mobile phone. Each payment adds towards their final purchase price. Once fully paid, the system unlocks permanently and continuous to produce electricity.
BitMint-Utility technology is dealing with ALL the above.
Moreover, it could also be offered to solar micro-grid developers as an extremely flexible prepaid metering, customer and revenue management solutions.
However, much attention is paid lately to designing smart cities, including effective and efficient use of electricity, gas and water. Home Energy Behavioral Management is the latest buzz word in that respect refers to – Real time incentive-based demand response providing the most effective & speedy savings [peak load reduction] & real time payback per self production. The ONLY known possible way to offer Real time Cash remuneration for immediate use against energy saving or electricity self production – is based on our unique technologies.
Cutting Energy Use in Homes is Essential and should be Possible during peak hours, shedding load to avoid summer afternoon and winter evening blackouts.
However, experts say [e.g. Katherine Tweed, August 23, 2012, Green-Tech Enterprise] that ‘the smarter grid, a more efficient, reliable electricity delivery system, a connected world where our homes and offices can talk to the grid in real time are promises that CANNOT shedding load to avoid blackouts, if historic energy use in homes is any indication’. From 1978 to 2005, energy use in homes is essentially a flat line. There have been incredible efficiency gains, primarily in home heating and cooling, but that has been offset by bigger homes and more stuff that needs to be plugged in.
In a paper recently published by the U.S. Energy Information Administration at an event hosted by the “American Council for an Energy-Efficient Economy“, the authors question whether meaningful energy reductions can actually be achieved in the U.S. housing stock. [BitMint-Utility answer – is definitely – YES].
We are currently involved in developing the BitMint-Utility Payment Solution for Real Time Incentive based Demand response for utility payments that will change the way customers are managing and paying for electricity/water/gas they use – at home, retailers, industry as well as unique solution for pay-as-you-go for charging electric car batteries. It will offer more efficient, lower cost and more environmentally sound energy usage and management, as Real time incentive-based demand response provides the most effective & speedy savings [peak load reduction] & real time payback per self production of electricity from renewable sources.
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