Blockchain General Renewables Solar (PV)

Energy Sector 5.0 through Blockchain technology

Blockchain, in particular Bitcoin, is well known within the energy industry for having an enormous power demand, mostly fed by dirty coal-fired power of China. This stigma, however, is correct but doesn’t say anything about the technology per se. Every single revolution of the past as well as in the future has and will require excessive amounts of energy, as any sort of movement depends on energy triggers to take place. The entire, worldwide, Bitcoin network currently consumes as much power as a state like Syria, and one Bitcoin transaction needs the CO2 equivalent of 679,430 Visa Credit Card transactions[1].