Search Results for: Environmental

Bitcoin is 57,000 Times Less Environmentally Friendly Than the "Green Cryptocurrency" XRP, Says Ripple

Ripple claims that its cryptocurrency, XRP, is 57,000 times more environmentally friendly than the largest cryptocurrency, Bitcoin.  According to Ripple’s blog post, the firm criticizes Bitcoin’s consensus mechanism, proof-of-work (PoW), as a major issue contributing to the vast amounts of energy consumed for validating and processing transactions on the network. Other cryptocurrencies that use PoW … Continue reading Bitcoin is 57,000 Times Less Environmentally Friendly Than the "Green Cryptocurrency" XRP, Says Ripple

KPMG Unveils Blockchain-Based Climate Accounting Tool To Help Drive Environmental Sustainability

Multinational professional services firm and one of the Big four auditing firms, KPMG is set to offer a blockchain-based tool dubbed the Climate Accounting Infrastructure (CAI) to help organizations more accurately measure, mitigate, report, and offset their greenhouse gas emissions. Per the official KPMG announcement, the patent-pending Climate Accounting Infrastructure will be able to analyze climate … Continue reading KPMG Unveils Blockchain-Based Climate Accounting Tool To Help Drive Environmental Sustainability

New York Seeks to Stop Bitcoin Mining For 3 Years Until Environmental Impact Assessment Done

Normal 0 false false false EN-US X-NONE X-NONE Kevin Parker, New York senator, has introduced a bill in the New York state Senate to halt Bitcoin mining for three years until the state evaluates its impact on the environment. The prominent legislator presented New York Senate Bill 6486 to The State Senate’s Environmental Conservation Committee … Continue reading New York Seeks to Stop Bitcoin Mining For 3 Years Until Environmental Impact Assessment Done

US Senator Questions Bitcoin Mining Firm on Environmental Impact

US Senator Elizabeth Warren questioned bitcoin mining firm Greenidge Generation Holdings about the impact of its operations on power prices, climate change and the local area as part of her efforts to tackle the negative consequences of cryptocurrency mining on the environment. Warren, in a letter to CEO of Greenidge Generation Holdings Jeff Kirt, inquired about the aforementioned concerns on … Continue reading US Senator Questions Bitcoin Mining Firm on Environmental Impact

Can Cryptocurrencies Help Solve the Global Environmental Crisis?

Cryptocurrencies have come a long way since the inception of Bitcoin in 2009. From being viewed as a mere experiment, they have become a mainstream asset class with a market capitalization of over $2 trillion. However, as the popularity of cryptocurrencies continues to grow, so does the scrutiny surrounding their environmental impact.  Bitcoin, the world’s … Continue reading Can Cryptocurrencies Help Solve the Global Environmental Crisis?

UN Research Unveils Bitcoin's Environmental Toll Beyond Carbon Emissions

The global embrace of digital currencies, driven significantly by Bitcoin, has come under scrutiny following a new United Nations study spotlighting the environmental detriments tied to cryptocurrency mining, extending beyond the often-cited carbon emissions to encompass water and land impacts. This study, conducted by the United Nations University Institute for Water, Environment and Health (UNU-INWEH), … Continue reading UN Research Unveils Bitcoin's Environmental Toll Beyond Carbon Emissions

Virginia Tech Study Reveals Geographic Biases in ChatGPT's Environmental Justice Information

A recent study by researchers at Virginia Tech has brought to light potential geographic biases in ChatGPT, an advanced artificial intelligence (AI) tool. The study, which focused on environmental justice issues, revealed significant variations in ChatGPT’s ability to provide location-specific information across different counties. This finding underscores a critical challenge in the development of AI … Continue reading Virginia Tech Study Reveals Geographic Biases in ChatGPT's Environmental Justice Information

Exclusive: How to Ensure Random Numbers in Public Blockchain?

Following Part 1 of our interview, Jing Chen of Algorand further teaches our readers on how to ensure the randomness of a number in public blockchain! She also evaluates the existing Proof-of-Stake (POS) protocols: Delegated VS Bonded VS Pure POS! Regarding the white paper “Digital Signatures for Consensus” published on March 9, 2019, it states … Continue reading Exclusive: How to Ensure Random Numbers in Public Blockchain?

Waste2Wear to Use Blockchain in Tracing the Conversion of Ocean Plastics into Eco-Fabrics

Waste2Wear, a Dutch green fabrics company, is set to launch the first-ever fabrics collection from ocean plastics. Expressly, this process will be tracked using blockchain technology.  This innovation will be showcased at the international textile fair, Premiere Vision taking place between September 17 and 19. Notably, the fabric collection was revealed on August 20 based … Continue reading Waste2Wear to Use Blockchain in Tracing the Conversion of Ocean Plastics into Eco-Fabrics

Tata Motors Seeks Blockchain-Enabled Automotive Solutions via TACNet 2.0

A program titled TACNet 2.0 (Tata Motors AutoMobility Collaboration Network 2.0) by Tata Motors, an Indian automotive manufacturer, has invited blockchain-based solutions in different areas. They include validating original spare parts, monitoring fuel quality in real-time, and developing demand prediction algorithms. The President of Electric Mobility Business & Corporate Strategy at Tata Motors, Shailesh Chandra, … Continue reading Tata Motors Seeks Blockchain-Enabled Automotive Solutions via TACNet 2.0

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