My question was more about comparing the amount of energy currently being used to host each banks individual ledgers vs the current block chain offerings.
Block chain as a technology is brilliant and seems so obvious now we have it, however its highly inefficient as it scales.
I honestly think we’re still in the innovators/early adopters phase at best. It’s great that it’s getting out there, but since dabbling more in that scene I can’t see your everyday person getting on board for a long time.
We live in echo Chambers and tend to forget how ahead of there curve we are when we have specialist interests.
Reading recently, only 2% of the adult population know about Monzo here in the UK, yet I’m surrounded by people that use it and love it. It’s the same with cryptocurency right now. The majority can’t comprehend what it is even if they’ve heard of it. It’s going to take further innovations to get it to the masses.
Current currency systems have nothing to worry about just yet, but it’s good to see banks looking into and utilising the technology.