The Energy Consumption of Blockchain Technology: Beyond Myth
By Johannes Sedlmeir, H. Buhl, G. Fridgen, R. Keller. Business & Information Systems Engineering, 2020
428 citations recorded by the source corpus.
When talking about blockchain technology in academia, business, and society, frequently generalizations are still heared about its – supposedly inherent – enormous energy consumption. This perception inevitably raises concerns about the further adoption of blockchain technology, a fact that inhibits rapid uptake of what is widely considered to be a groundbreaking and disruptive innovation. However, blockchain technology is far from homogeneous, meaning that blanket statements about its energy consumption should be reviewed with care. The article is meant to bring clarity to the topic in a holistic fashion, looking beyond claims regarding the energy consumption of Bitcoin, which have, so far, dominated the discussion.
Subfields: Computer Networks and Communications, Information Systems
View Paper: https://www.semanticscholar.org/paper/1f296f47f8f81270d994b749f25cddf8a8ac48c2
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In Information Systems
Citations in the corpus
- Blockchain Technology: Benefits, Challenges, Applications, and Integration of Blockchain Technology with Cloud Computing (2022, background): “We can switch to renewable energy, transitioning to proof of stack systems, embrace pre-mining and introduce carbon credits [30].”
- Future of industry 5.0 in society: human-centric solutions, challenges and prospective research areas (2022, background): “For industry 5.0, 6G networks are expected to meet the intelligent information society standards to deliver ultra-high reliability [108].”