Thematic Insights Tech Disruptors
Blockchain: Going Beyond Cryptocurrencies
Did you know that one Bitcoin transaction consumes the same amount of energy as watching 120’000 hours of YouTube videos? Its underlying technology, blockchain, consumes vast amounts of energy because of the high computing power it requires. This has raised environmental concerns and questioned its sustainability as an investment. In this quarter’s Thematic Insights Tech Disruptors, we delve deeper into some of the newer blockchain technologies out there that could alleviate this environmental impact and ultimately extend its applications beyond payments to other areas.