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The Energy Consumption of Blockchain Technology : Beyond Myth

Title data

Sedlmeir, Johannes ; Buhl, Hans Ulrich ; Fridgen, Gilbert ; Keller, Robert:
The Energy Consumption of Blockchain Technology : Beyond Myth.
In: Business & Information Systems Engineering. Vol. 62 (November 2020) Issue 6 . - pp. 599-608.
ISSN 1867-0202
DOI: https://doi.org/10.1007/s12599-020-00656-x

Official URL: Volltext

Project information

Project title:
Project's official titleProject's id
Projektgruppe WI BLockchain-LaborNo information

Abstract in another language

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 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.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Blockchain; Cryptocurrency; Energy consumption; Distributed ledger technology; Sustainability
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Former Professors > Professor Information Systems and Sustainable IT Management - Univ.-Prof. Dr. Gilbert Fridgen
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 17 Dec 2020 10:01
Last Modified: 17 Dec 2020 10:01
URI: https://eref.uni-bayreuth.de/id/eprint/61207