30 Apr '18, 3pm

New blog post: #Blockchain and #energyefficiency: a match made in heaven?

Blockchain technology could transform energy efficiency (and the world as we know it), but lately it’s been getting a bad rap. Many recent news reports have focused on how much energy is being used (and wasted by some accounts) to make Bitcoins . But Bitcoin is not the only use of blockchain and most of them are not energy intensive. Blockchain is a software technology that can enable many things, including the secure communication of important information such as financial, commodity, shipping, and energy transactions (for a quick tutorial, check out this PCMag video ). Bitcoin is just one of many uses of blockchain to ensure the security of transactions. In fact, there are at least as many ways to structure blockchain as there are to send a text, and most of them do not require very much energy. When built into the security of a network that is connected to the appropria...

Full article: http://aceee.org/blog/2018/04/blockchain-and-energy-effic...

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