Welcome back to another edition of the Digital Newspaper & we hope everyone is having a great weekend so far.
Today we’ll be continuing on with the 3rd segment of our Industry Trends & specifically looking into the energy/ESG sector with regards to how blockchain is bringing benefits in that industry.
As we know, for the past few years one of the largest counterpoints and FUD to crypto & blockchain was the large amounts of energy use.
But is this really the fact or has mainstream media blown this out of proportion once again?
Above we can see a study done by University College London (UCL) on the energy usage of various blockchains.
While theres no denying that Bitcoin’s energy usage is quite substantial, to label the whole industry as a large energy consumer is just plain wrong.
Many of these DLT networks even rival or surpass the energy efficiency of Visa’s payment network!
But efficiency is just one small part of the whole story.
Theres since been use cases that benefit the energy and environmental sector through the use of DLT!
But enough teasing about the potential,
Lets dive right down the rabbit hole of what blockchain has to offer for the future of our global energy grid.