European Green Deal, Digital Economy and Blockchain: the path to sustainability? European Green Deal, digitalização da economia e blockchain: o caminho para a sustentabilidade?

This paper investigates the compatibility of blockchain networks with the sustainable digital economy proposal presented in the EGD. The descriptive exploratory method was used, supported by bibliographic research, which sought, from the database "Portal Periódicos Capes/MEC" and "Goo...

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Detalles Bibliográficos
Autores: Netto, Luísa Cristina Pinto e, Menengola, Everton
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2021
País:Brasil
Institución:Pontifícia Universidade Católica do Paraná (PUC-PR)
Repositorio:International Journal of Digital Law
Idioma:inglés
portugués
OAI Identifier:oai:journal.nuped.com.br:article/291
Acceso en línea:https://journal.nuped.com.br/index.php/revista/article/view/netto2021
Access Level:acceso abierto
Palabra clave:European Green Deal
digital economy
blockchain
sustainability
decarbonization of the economy
Descripción
Sumario:This paper investigates the compatibility of blockchain networks with the sustainable digital economy proposal presented in the EGD. The descriptive exploratory method was used, supported by bibliographic research, which sought, from the database "Portal Periódicos Capes/MEC" and "Google Scholar," to develop a broad search for scientific articles. The search focused on articles whose titles mentioned the following terms: European Green Deal; European Green Deal and digital economy; digital economy; digital economy and blockchain; blockchain and sustainability. From the literature review analysis, two hypotheses were raised: a) the new technology's lack of compatibility with sustainability precepts, given its large carbon footprint; b) the offsetting, which results in a negative carbon footprint, if one considers all the carbon emission reductions caused by the adoption of the new blockchain technology. The elements gathered in the research allow to drop a preliminary conclusion asserting that blockchain is compatible with the EGD fundamentals, even considering its high energy consumption, given its disruptive potential and the possibility of reducing carbon emissions in the industrial production chain and the economy.