If We Want a Green Blockchain, We Must Invest in It

Opinions expressed by Entrepreneur contributors are their own.

Blockchain storage is fast emerging as a credible competitor to the cloud. One definite advantage offered by blockchain is that its distributed nature of storage makes it a more secure form of storage compared to storing your data on the cloud.

But blockchain technology has been continuously plagued by significant energy usage and a large carbon footprint. Cryptocurrency, in particular, has been a sore point with environmentalists. Bitcoin, for instance, is famed for consuming more electricity in a year than entire nations. At a time when a United Nations agency just reported that the last eight years had been the

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