Myths about blockchain for VAT: energy consumption

In this first episode of Myths about blockchain for VAT we will show that a blockchain for VAT does not have to require enormous amounts of energy unlike many other blockchain-based systems. We will show that it depends on the way transactions (or for our system invoices) are validated. As a blockchain for VAT does not require complete decentralisation, a less energy-consuming consensus protocol can be used.

Source: summitto.com

---

---