conference-paper

The Possibility of Using Renewable Energy Sources in University Private Blockchain Technology

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Abstract

A much-discussed issue of blockchain technology in the scientific world is that blockchains consume large amounts of electrical energy for their sustainability and operation, which has a harmful effect on the environment. During my research, I am looking for the answer to what blockchain technologies are available that would consume less electrical energy, and whether a blockchain with a higher electrical energy demand can be sustained using renewable energy sources in today's world. As part of the practical implementation, I am creating a private university blockchain to store data. After that, it was calculated how much electrical energy is needed to operate this blockchain. I will investigate what kind of solar solution I can use to reduce the operating costs of the blockchain I'm creating while keeping in mind that this blockchain uses a renewable energy source. My research goal is to propose ways to make blockchains “greener”.

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Publication details

DOI
10.1109/cando-epe60507.2023.10418007
OpenAlex
W4391594444
Document type
conference-paper
Language
EN
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