Unlocking Billions in IoT Revenue.
MyBit enables ownership of a specific IoT asset to be easily distributed among several owners (investors). With the rise of the upcoming machine economy, its vision is to have machines owned by people all over the world, rather than centralized parties maintaining ownership and the resulting revenue streams.
MyBit enables the crowdfunding of revenue generating machines (IoT Assets). So anyone can buy a percentage stake in a device that generates revenue and in return receive a portion of revenue the machine produces. This inverts the financing model and revenue flow to create a more scalable and democratic model which unlocks hundreds of billions of dollars in investment opportunities previously reserved for large centralized institutions to the average person.
The initiative is starting with solar panels to accelerate the decentralized energy grid. Since the current energy structure is not sustainable (scalable at speed), it will require decentralized energy solutions. Traditional financing models would only enable a small fraction of the population to own / participate in the decentralized solutions.
In 2008, the world relied on renewable energy sources for around 16% of its total primary energy supply. In 2013, renewables accounted for almost 22% of global electricity generation, and the IEA Medium-Term Renewable Energy Report of 2015 foresees that share reaching a minimum 26% increase in 2020. Facilities, will be a critical component of the solution to the increased energy demand.
Solar energy is the fastest growing component within renewables. Today, most solar power is produced by large scale solar farms consisting of thousands of PV solar panels. These farms are primarily owned and operated by municipalities and or large utility companies. Soon (3-5 years), the clear majority of new solar power will come from micro or nanogrids, small solar power systems sitting atop residential and commercial rooftops, owned by active “prosumers” (producers and consumers) who monetize their space to gain progressive independence from the grid and create revenue streams.
The company have written a Whitepaper and just finished crowdfunding. In January 2018 MyBit will have a Beta Release and Pilot of its website platform and App ready for use. To find out more visit: https://mybit.io
Image copyrighted to MyBit.