Confronting the Carbon-Footprint Challenge of Blockchain: A Data-Driven Analysis and Sustainable Solutions

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Sarthak Vijay Undale; Shubhangi Tidake; Prashant Kulkarni

Confronting the Carbon-Footprint Challenge of Blockchain: A Data-Driven Analysis and Sustainable Solutions

Authors: Sarthak Vijay Undale, Shubhangi Tidake, Prashant Kulkarni

Unique Paper ID: 182494
Volume: 12
Issue: 2
PageNo: 2175-2180

Keywords: Blockchain Carbon footprint Proof of Work Proof of Stake Sustainable technology Green blockchain Energy consumption

Abstract:
Blockchain technologies, while revolutionizing digital finance and record-keeping, have raised significant environmental concerns due to their intensive energy consumption. This paper presents a comprehensive, data-driven analysis of blockchain's carbon footprint, focusing on consensus mechanisms like Proof of Work (PoW) and Proof of Stake (PoS), and their comparative impact on energy use. By integrating global mining data, network performance metrics, and sustainability efforts across key platforms, the study highlights both the environmental cost and the transformative potential of greener alternatives. Findings indicate that transitioning PoW networks to PoS or integrating renewable sources can drastically reduce emissions, although infrastructural, regulatory, and market challenges persist. The paper concludes with strategic recommendations to guide industry stakeholders and policymakers in fostering an environmentally responsible blockchain future.

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Cite This Article

ISSN: 2349-6002
Volume: 12
Issue: 2
PageNo: 2175-2180

Confronting the Carbon-Footprint Challenge of Blockchain: A Data-Driven Analysis and Sustainable Solutions

Available:https://ijirt.org/Article?manuscript=182494

Impact Factor
8.01 (Year 2024)

UGC Approved
Journal no 47859

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