Blockchain and sustainability
examining the future of a circular economy due to new technologies
Abstract
When talking about blockchain technology in academia, business, and society, it is frequently generalized that blockchain technology inherently consumes significant amounts of energy. Such perceptions raise substantial concerns regarding the potential for widespread adoption of blockchain systems, a fact that inhibits rapid uptake of what is widely considered to be a ground-breaking and disruptive innovation. Nonetheless, blockchain technology exhibits significant heterogeneity, meaning that blanket statements about its energy consumption should be reviewed with care. In order to move to circular economy and to achieve the Sustainable Development Agenda, energy efficiency must see a twofold improvement by the year 2030. Blockchain represents an emerging technological domain capable of addressing these challenges. There has been a lot of research on the topic of blockchain efficiency and circular economy, however this paper examines the intersection of sustainable development, the circular economy, and blockchain technology, analyzing the potential of blockchain to augment circular economic models while advancing sustainability objectives, even amidst concerns about energy efficiency.
Keywords
Blockchain;circular economy;energy efficiency;Agenda 2030;
Data
| Language: | English |
|---|---|
| Year of publishing: | 2024 |
| Typology: | 1.01 - Original Scientific Article |
| Organization: | FDŠ |
| UDC: | 34(497.4) |
| COBISS: |
227737603
|
| ISSN: | 1408-9653 |
| Views: | 184 |
| Downloads: | 1 |
| Average score: | 0 (0 votes) |
| Metadata: |
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Other data
| Secondary language: | Slovenian |
|---|---|
| Secondary title: | Blockchain in trajnost: prihodnost krožnega gospodarstva ter novih tehnolgij |
| Secondary keywords: | Blockchain;krožno gospodarstvo;energetska učinkovitost;Agenda 2030; |
| Pages: | str. 63-81 |
| Issue: | ǂ[Št.] ǂ102 |
| Chronology: | 2024 |
| ID: | 26101845 |
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