Research Article

A Discussion On The Effects Of Blockchain Technology Within The Context Of Sustainable Development

Volume: 3 Number: 2 December 24, 2021
TR EN

A Discussion On The Effects Of Blockchain Technology Within The Context Of Sustainable Development

Abstract

The solutions made possible by blockchain technology, and crypto assets, are changing the dynamics of many industries. Blockchain technology, which is the subject of discussion with the constructive destruction and energy consumption it triggers, offers a global and inclusive vision that serves sustainability. In this article, a discussion is presented on the effects of blockchain technology, on the environment, economy and society, which are the three main areas of sustainable development. It can be said that blockchain technology has positive and negative effects on these three main areas. Providing the opportunity to create collective value and support social impact projects with a focus on sustainable society, this technology also enables the democratic management of data. Blockchain technology, which allows the development of new business models with a focus on sustainable economy, has the potential to increase financial inclusion. While blockchains working with proof-of-work method have the potential to harm the environment with high energy consumption, blockchains working with different methods can reduce energy consumption. At the same time, studies that will increase the use of renewable energy resources in mining continue, and it is foreseen that the negative effects of this technology on the sustainable environment can be eliminated.

Keywords

References

  1. Adams, R., Kewell, B., & Parry, G. (2017). Blockchain for Good. Digital Ledger Technology and Sustainable Development Goals. Handbook of Sustainability and Social Science Research, Springer International Publishing. 127-138. https://doi.org/10.1007/978-3-319-67122-2_7
  2. Bano, S., Sonnino, A., Al-Bassam, M., Azouvi, S., McCorry, P., Meiklejohn, S., & Danezis, G. (2017). SoK: Consensus in the Age of Blockchains. University College London, United Kingdom. https://arxiv.org/pdf/1711.03936.pdf
  3. Barral, V. (2012). Sustainable Development in International Law: Nature and Operation of an Evolutive Legal Norm, The European Journal of International Law, 23(2), 377-400.
  4. Blockchainhub Berlin (2018). Blockchain and sustainability. Retrieved from https://blockchainhub.net/blog/blog/blockchain-sustainability-programming-a-sustainable-world/, 26/04/2021
  5. BTC Haber (2021). Röportaj: Refik Anadol, dijital sanat ve NFT’ler üzerine. Interview: Refik Anadol, digital art and NFTs. Retrieved from https://www.btchaber.com/roportaj-refik-anadol-dijital-sanat-ve-nftler-uzerine/, 19.04.2021
  6. Cambridge Alternative Finance Center (2021). Cambridge Bitcoin electricity consumption index. Retrieved from https://cbeci.org/cbeci/methodology , 04/02/2021
  7. Commonwealth Partnership for Technology Management Smart Partners’ Hub (CPTM) (2016). Brief on Adaptive Flexibility Approaches to Financial Inclusion in Digital Age: Recommendations and Poposals. London.
  8. Cohen, B., Amorós, J. E., & Lundyd, L. (2017). The generative potential of emerging technology to support startups and new ecosystems, Business Horizons, 60(6), 741–745.

Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Publication Date

December 24, 2021

Submission Date

November 10, 2021

Acceptance Date

December 23, 2021

Published in Issue

Year 2021 Volume: 3 Number: 2

APA
Gül Şenkardeş, İ. Ç. (2021). A Discussion On The Effects Of Blockchain Technology Within The Context Of Sustainable Development. Bilgi Ve İletişim Teknolojileri Dergisi, 3(2), 243-262. https://doi.org/10.53694/bited.1021926
AMA
1.Gül Şenkardeş İÇ. A Discussion On The Effects Of Blockchain Technology Within The Context Of Sustainable Development. Journal of Information and Communication Technologies. 2021;3(2):243-262. doi:10.53694/bited.1021926
Chicago
Gül Şenkardeş, İnci Çağla. 2021. “A Discussion On The Effects Of Blockchain Technology Within The Context Of Sustainable Development”. Bilgi Ve İletişim Teknolojileri Dergisi 3 (2): 243-62. https://doi.org/10.53694/bited.1021926.
EndNote
Gül Şenkardeş İÇ (December 1, 2021) A Discussion On The Effects Of Blockchain Technology Within The Context Of Sustainable Development. Bilgi ve İletişim Teknolojileri Dergisi 3 2 243–262.
IEEE
[1]İ. Ç. Gül Şenkardeş, “A Discussion On The Effects Of Blockchain Technology Within The Context Of Sustainable Development”, Journal of Information and Communication Technologies, vol. 3, no. 2, pp. 243–262, Dec. 2021, doi: 10.53694/bited.1021926.
ISNAD
Gül Şenkardeş, İnci Çağla. “A Discussion On The Effects Of Blockchain Technology Within The Context Of Sustainable Development”. Bilgi ve İletişim Teknolojileri Dergisi 3/2 (December 1, 2021): 243-262. https://doi.org/10.53694/bited.1021926.
JAMA
1.Gül Şenkardeş İÇ. A Discussion On The Effects Of Blockchain Technology Within The Context Of Sustainable Development. Journal of Information and Communication Technologies. 2021;3:243–262.
MLA
Gül Şenkardeş, İnci Çağla. “A Discussion On The Effects Of Blockchain Technology Within The Context Of Sustainable Development”. Bilgi Ve İletişim Teknolojileri Dergisi, vol. 3, no. 2, Dec. 2021, pp. 243-62, doi:10.53694/bited.1021926.
Vancouver
1.İnci Çağla Gül Şenkardeş. A Discussion On The Effects Of Blockchain Technology Within The Context Of Sustainable Development. Journal of Information and Communication Technologies. 2021 Dec. 1;3(2):243-62. doi:10.53694/bited.1021926

Cited By

23653236522365523656

Bilgi ve İletişim Teknolojileri Dergisi

Journal of Information and Communication Technologies