A single bitcoin transaction devours roughly 5,000 times more energy-hungry than a typical credit card payment.
The blockchain concept is not limited to Bitcoin : Energy blockchain is the potential use of the blockchain technology in the energy sector. The applicability of blockchain on the electric grid, for the moment largely theoretical, raise some environmental problems.
- What factors of success should be considered to develop an efficient energy blockchain system ?
- What are the risks to be considered ?
- How could an efficient energy blockchain system provide a solution to those risks ?