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Cryptocurrency and Sustainability: The Energy Usage Debate

Written by Darby Joyce | April 27, 2022

 

As blockchain continues to develop as a form of digital business, the Kogod School of Business tracks its progress. On April 20, 2022, Kogod hosted its Fourth Annual Blockchain Forum, The Long Game: Blockchain and Sustainability, a virtual event that discussed current environmental innovations and challenges related to blockchain.

Blockchain’s emergence as an alternate finance method creates implications for the future of business, and Kogod’s forum highlights the current research and discussion surrounding this technology. This year’s forum brought in experts from around the world to share ideas on how developments in the field can be leveraged to support environmental consciousness.

Two Kogod professors participated in the event’s first panel discussion, “Unpacking the Crypto Energy Debate.” Professor David Bartlett moderated the panel, while information technology professor Erran Carmel served as a panelist. Professor Carmel joined Sue Ennis of Hut 8 Mining, Jerry Tang of VCV Digital Group, and Neil Cohn of Chia Network in the spirited conversation about current environmental issues in cryptocurrency and what can be done to mitigate them.