Blockchain: A technological tool for sustainable development or a massive energy consumption network?

Nicolas Serrano Palacio · Bionatura · 2018

The blockchain term appeared online in 2008 and has created impact on public institutions, private companies, startups, etc.It is a way to record information and its main application since inception has been as a new means of exchange between two parties.Blockchain is a highly secured and decentralized accounting system that allows direct exchange between two unknown parties without the necessity for a trusted third party, and it implies a new operation model for businesses and institutions.This new model could be a useful tool to solve global issues as income inequality and contribute to the accomplishment of the sustainable development agenda proposed for the United Nations for all countries in the world.

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