The blockchain technology is well known as a climate slayer. Through the proof of work of the Bitcoin Blockchain, the mining business produces high quantities of CO2. The Lab10 collective goes a different way and gives the DLT a green stamp. The company has now won new node operators for its ARTIS ecosystem.
The lab10 collective was able to win new network node operators for the ARTIS blockchain. According to an announcement on December 2, the project has now won the Austrian Institute of Technology (AIT), one of Austria’s largest non-university research institutions, and AUSTRIAPRO, an association for the promotion of standard-compliant e-business solutions, as node operators for the ARTIS ecosystem. According to lab10 collective, the ARTIS Blockchain protocol is no less than “the most energy-efficient blockchain in the world”.
Prof. Dr. Alfred Taudes, coordinator of the Austrian Blockchain Center (ABC) of the Research Institute for Crypto-Economy at the Vienna University of Economics and Business, welcomes the cooperation:
As a true network player, the lab10 collective manages to build important bridges between business and the environment, technology and people, as well as between all the international and national players in the blockchain sector.
The project of the “decentralized climate network of the future” had already been joined by several well-known companies as node operators, including the crypto dealer Coinfinity GmbH, Capacity Blockchain Solutions GmbH, act4.energy Innovationslabor, OurPower Energiegenossenschaft SCE mbH, Easelink GmbH and the energy start-up meo Smart Home Energy GmbH. In addition, some partners from the Ethereum ecosystem such as the POA Network, Giveth and the Ocean Protocol have been involved as node operators since the Moon upgrade.
Climate killer blockchain
The Proof of Work of the Bitcoin Blockchain is not known for its positive energy balance. Mining farms emit large amounts of Co2, contributing to climate change. According to a recent study, CO2 emissions from Bitcoin Mining are around 17.3 megatons per year. The lab10 collective with ARTIS wants to prove that blockchain technology can also be clean.
The ARTIS blockchain is specially designed for applications in electromobility and renewable energies, for example in the area of E-Charging and E-Auto-Sharing. ARTIS is intended to enable companies to operate Co2-neutrally and sustainably. ARTIS uses a mixture of Proof of Stake (PoS) and Proof of Authority (PoA) instead of a wasteful Proof of Work. Thanks to its compatibility with Ethereum, the network also enables microtransactions such as those occurring in energy applications. The new node operators are to decentralize the network.