EEA Releases Ethereum Sustainability and Resource Efficiency Workshop Findings

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Report Highlights Areas Where Businesses Can Make Energy Efficiency Improvements When Building on Ethereum

WAKEFIELD, Mass. – April 12, 2022 – The Enterprise Ethereum Alliance (EEA) today announced the release of its Summary Report & Key Takes: EEA Workshop on Sustainability and Resource Efficiency in Public and Private Ethereum Networks., available as a document for free download. The report outlines key findings from the EEA Ethereum Sustainability and Resource Efficiency Workshop, where EEA leaders and the Ethereum community discussed ways to optimize the energy efficiency of business operations.

“Ethereum is accelerating its path to a greener future. With the rise of DeFi, NFTs and DAOs, more companies are looking to build Ethereum and want to understand how to reduce their carbon footprint,” said EEA Executive Director Dan Burnett. “The EEA summary report provides important insights from Ethereum researchers and the business community on ways to create sustainable Web 3.0 business models. Special thanks to EEA members – the Ethereum Foundation, SKALE Labs and the Wanchain Foundation – for their work on this that important summary report.

  • Join the EEA and business leaders at the virtual, one-day Ethereum on April 21 at the Enterprise 2022 Conference and Product Showcase at https://bit.ly/EthEnt2022.
  • Promote the ecosystem by taking the EEA Ethereum Business Readiness and Use Case Survey at http://bit.ly/EEAEthSurvey.

The EEA Summary Report includes initial remarks by Carl Beekhuizen, an Ethereum Foundation researcher and author of Ethereum Energy Usage Decreases Soon by ~ 99.95%, discussion moderated by EEA board member Yorke Rhodes III, Co-founder, Blockchain @Microsoft and Director, Digital Transformation, Blockchain. A full recording of their interview is also available here.

“Businesses remain committed to removing all of their carbon footprint and need to be very aware of achieving sustainable milestones,” said Rhodes, who recently authored the EEA research blog Ethereum’s Environmental Footprint: Breaking Down the Misconceptions.. “The EEA summary report provides key insights into what businesses can do today and expect to reduce energy consumption, network bandwidth and processing capacity in the future within Ethereum’s emerging Web 3.0 technology stack.”

About the EEA

The Enterprise Ethereum Alliance (EEA) enables organizations to adopt and use Ethereum technology in their day-to-day business operations. The EEA empowers the Ethereum ecosystem to develop new business opportunities, drive industrial adoption, and learn and collaborate. La EEA Community Projects provides a hub for open source code development, APIs, standards, and reference implementations. To learn more about joining the EEA, contact [email protected] or visit https://entethalliance.org/become-a-member/.

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