>It is the same with energy costs. Has anyone dared to calculate the CO2 release of traditional core banking systems or even running a large network of physical branches. No, because it's difficult and opaque. With the public blockchain these things actually can be calculated, which is a good thing I believe.
I think every major bank has got some folks doing that. It's a prerequisite of green washing.
That might be available on company but not on a system level. So I don't think there is no way to compare it with the energy consumption of an entire blockchain.
I think every major bank has got some folks doing that. It's a prerequisite of green washing.