Impact of blockchain

The environmental impact of blockchain technology is accelerating the rate of electronic greenhouse gas emissions 10-fold
Key scientists across the world agree that we have 11 years left before we reach a critical point of no return. And the use of blockchain technology worsens the climate crisis:
  • Ethereum consumes the same amount of energy as the entire country of Turkey.
  • By August 2022, crypto-assets had used more electricity than Argentina - a nation of 46 million people.

  • Each bitcoin transaction creates as much e-waste as throwing out two iPhone 12s.

The impact of blockchain can be broken into the following ways:

1) Electronic Waste

2) Threat to major adoption
3) Non renewable energy 4) Greenhouse gas emissions