Blockchain in Finance: Blockchain Use Cases and Benefits

submitted by ellistheory from nevinainfotech.com

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They'd better get their PR team warming up in the bullpen.

Remember the stuff you've read about 'blockchain' in the past? I'm betting it was in connection with some kind of 'crypto-currency', and may have had a little paragraph about the enormous electrcity costs for "mining the coins".

Well here's another 'cost'. The 'blockchain' uses, for each transaction...

... roughly 707.6 kilowatt-hours of electrical energy–equivalent to the power consumed by an average U.S. household over 24 days, according to Digiconomist. source