Article (Scientific journals)
The Energy Consumption of Blockchain Technology: Beyond Myth
Sedlmeir, Johannes; Buhl, Hans Ulrich; FRIDGEN, Gilbert et al.
2020In Business and Information Systems Engineering
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Abstract :
[en] 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.
Disciplines :
Computer science
Author, co-author :
Sedlmeir, Johannes
Buhl, Hans Ulrich
FRIDGEN, Gilbert  ;  University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT)
Keller, Robert
External co-authors :
yes
Language :
English
Title :
The Energy Consumption of Blockchain Technology: Beyond Myth
Publication date :
May 2020
Journal title :
Business and Information Systems Engineering
ISSN :
2363-7005
eISSN :
1867-0202
Publisher :
Springer
Peer reviewed :
Peer Reviewed verified by ORBi
Focus Area :
Computational Sciences
FnR Project :
FNR13342933 - Paypal-fnr Pearl Chair In Digital Financial Services, 2019 (01/01/2020-31/12/2024) - Gilbert Fridgen
Funders :
FNR - Fonds National de la Recherche
Available on ORBilu :
since 17 September 2020

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