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 tech- nology, a fact that inhibits rapid uptake of what is widely considered to be a groundbreaking and disruptive innova- tion. However, blockchain technology is far from homo- geneous, 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.
Sedlmeir, Johannes; Buhl, Hans Ulrich; Fridgen, Gilbert; and Keller, Robert
"The Energy Consumption of Blockchain Technology: Beyond Myth,"
Business & Information Systems Engineering:
Vol. 62: Iss. 6, 599-608.
Available at: https://aisel.aisnet.org/bise/vol62/iss6/9