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The Energy Consumption of Blockchain Technology: Beyond Myth

dc.contributor.authorSedlmeir, Johannes
dc.contributor.authorBuhl, Hans Ulrich
dc.contributor.authorFridgen, Gilbert
dc.contributor.authorKeller, Robert
dc.date.accessioned2020-12-22T06:12:18Z
dc.date.available2020-12-22T06:12:18Z
dc.date.issued2020
dc.description.abstractWhen 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.de
dc.identifier.doi10.1007/s12599-020-00656-x
dc.identifier.pissn1867-0202
dc.identifier.urihttp://dx.doi.org/10.1007/s12599-020-00656-x
dc.identifier.urihttps://dl.gi.de/handle/20.500.12116/34560
dc.publisherSpringer
dc.relation.ispartofBusiness & Information Systems Engineering: Vol. 62, No. 6
dc.relation.ispartofseriesBusiness & Information Systems Engineering
dc.subjectBlockchain
dc.subjectCryptocurrency
dc.subjectDistributed ledger technology
dc.subjectEnergy consumption
dc.subjectSustainability
dc.titleThe Energy Consumption of Blockchain Technology: Beyond Mythde
dc.typeText/Journal Article
gi.citation.endPage608
gi.citation.startPage599

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