DescriptionGlobal warming caused by carbon emissions is both humanity’s greatest challenge, as well as an enormous financial opportunity. Buildings cause over 30% of the world’s carbon emissions, making them the largest singular source of carbon emissions because they consume about 60% of global electricity. More than 70% of all buildings were built before the first energy crisis in the 1970s, which creates an enormous market for improving their energy efficiency. Bluenote is launching the world’s first blockchain-based energy efficiency protocol. It creates a decentralized ecosystem which allows building operators around the world to learn from one another how to waste less energy through distributed data intelligence. Making buildings more energy efficient has a number of key benefits: It generates an enormous direct and continuous cost saving by reducing their energy costs. These cost savings make buildings more profitable and therefore substantially more valuable. The non financial, but sustainability benefit, is that the increased energy efficiency greatly lowers carbon emissions.