Tian-Tian Feng, Yan Li, Cheng Zhong, Han-Qun Wang, Ning-Qian Zhang
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How Does Electricity Consumption in Blockchain Applications Impact Resource Consumption and Environmental Emissions?
Blockchain technology, known for its decentralized, trustless, and immutable nature, is gaining traction across various industries. As Blockchain 3.0 is expected to see widespread adoption in the sharing economy and energy trading, its associated energy consumption could have significant environmental implications. This study introduces an environmentally extended input–output (EEIO) model to assess the environmental impacts—such as freshwater use, PM2.5 emissions, CO2 emissions, atmospheric Hg, and solid waste generation—linked to blockchain-driven electricity demand. By analyzing scenarios based on projected cryptocurrency hash rates and hardware efficiencies, the study evaluates how large-scale blockchain adoption affects resource consumption and environmental emissions across sectors. The results show that Monero’s design leads to higher resource consumption and environmental impact, with freshwater use being the most affected, followed by greenhouse gas emissions and PM2.5 levels.
期刊介绍:
The International Journal of Energy Research (IJER) is dedicated to providing a multidisciplinary, unique platform for researchers, scientists, engineers, technology developers, planners, and policy makers to present their research results and findings in a compelling manner on novel energy systems and applications. IJER covers the entire spectrum of energy from production to conversion, conservation, management, systems, technologies, etc. We encourage papers submissions aiming at better efficiency, cost improvements, more effective resource use, improved design and analysis, reduced environmental impact, and hence leading to better sustainability.
IJER is concerned with the development and exploitation of both advanced traditional and new energy sources, systems, technologies and applications. Interdisciplinary subjects in the area of novel energy systems and applications are also encouraged. High-quality research papers are solicited in, but are not limited to, the following areas with innovative and novel contents:
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-Hydrogen energy and fuel cells
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