Blockchain’s Carbon and Environmental Footprints
Nir Kshetri, Jeffrey Voas
Abstract
We analyze existing discourses surrounding blockchains’ energy consumption and look at the actors and actions involved. We also provide an evaluation of various considerations and factors that affect blockchain networks’ energy consumption and resulting environmental impacts.
Topics & Concepts
BlockchainComputer scienceEnergy consumptionConsumption (sociology)Computer securityEnvironmental economicsEcologyEconomicsSocial scienceBiologySociologyBlockchain Technology Applications and SecurityFinTech, Crowdfunding, Digital Finance