Musiccosmos

The U.S. Senate has held a hearing on the energy efficiency of blockchain and similar technologies, according to an announcement published August 21. The hearing on energy and natural resources, held by the U.S. Senate Committee in Washington, DC, focused on the application of blockchain and related technologies, as well as the cybersecurity possibilities of using such technologies in the energy industry. In particular, the committee considered the issue of the possible increase in electricity prices following the rising power demand in blockchain applications. The hearing also touched on the methods of evaluating whether blockchain can improve the cybersecurity of the computing systems used to supply energy. Among the speakers, Thomas A. Golden, program manager at Electric Power Research Institute (ERPI), reported that the institute’s research on blockchain and its capabilities led to several pilots that have demonstrated potential promise in the deployment of blockchain to...