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AnnaHolliday's profile
Anna Watson 🌼
Anna Watson 🌼
Anna Watson  🌼
@AnnaHolliday

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Anna Watson  🌼

@AnnaHolliday

Consultant @Emergenceconsul & @CultivateInnov 🧭 PhD energy innovation @SPRU ☀️💡🌍 Into decarbonisation, regeneration & climate/crypto @Drholwat 🔗

Norwich, England
bit.ly/AnnaHolliday
Joined February 2009

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    1. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

      When my colleagues in the energy+ sustainability space talk about #blockchain, it's mostly in relation to Bitcoin's high CO2 emissions+ not the opportunities presented by these technologies to transform the energy system 🪄 I've been learning more about this recently.. A🧵1/16pic.twitter.com/L4htty8YeJ

      SPRU, Cultivate Innovation, Energy Blockchain Consortium and 3 others
      1. SPRU @SPRU

      2. Cultivate Innovation @CultivateInnov

      3. Energy Blockchain Consortium @EnergyBlockchai

      4. Delivering Net Zero @delivernetzero

      5. UKERC @UKERCHQ

      6. Sussex Energy Group @SussexNRGGroup

      4 replies 7 retweets 13 likes
      Show this thread
    2. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

      Bitcoin is carbon intensive as it uses 'proof of work' to add blocks to its blockchain; computers work in competition to solve a mathematical puzzle- also known as mining ⛏️ As more blocks are added, the puzzles become harder and so require more and more power to solve 🤯 2/16

      2 replies 0 retweets 0 likes
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    3. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

      It's this mining activity that enables Bitcoin (which isn't backed by any central bank/government/military) to be considered a trustworthy asset- it is too expensive to hack or defraud the blockchain network on which it's based🔐 3/16

      1 reply 0 retweets 0 likes
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    4. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

      Whilst some projects seek to use #renewable/ curtailed energy to power mining activities (ie. @SolunaPower are in the process of building a 37k acre wind farm in Morocco to achieve this💨) they are not substantial enough to address Bitcoin's growing carbon footprint 4/16

      1 reply 0 retweets 0 likes
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    5. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

      'Proof of stake' however, presents an alternative that 'forges' instead of mining blocks, using very little energy 💡 #Ethereum, the 2nd largest blockchain, is moving to this approach. Bitcoin won't be able to switch as all users would have to agree to this transition 5/16

      1 reply 0 retweets 0 likes
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    6. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

      This article ft. Susanne Köhler @aautech+ @stephenreid321 explains all this and more way better than I can! 👇 6/16https://news.globallandscapesforum.org/50823/can-cryptocurrency-be-climate-conscious/ …

      1 reply 1 retweet 2 likes
      Show this thread
    7. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

      Whilst Bitcoin will face ongoing sustainability issues, there are SO MANY other projects and blockchain applications that use less energy+ have the potential to decentralise and democratise the energy system itself 💡✨ Here's a few examples of proven projects... 7/16

      1 reply 0 retweets 1 like
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    8. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

      .@LO3energy are working with utilities in the US to facilitate local energy markets. They've developed a trading platform call Pando that creates peer-to-peer connections so people can buy or sell domestically generated electricity ⚡️ 8/16pic.twitter.com/yze2izT2i2

      1 reply 0 retweets 0 likes
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    9. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

      .@Sun_contract lets domestic electricity producers "share energy with loved ones or sell it directly to strangers" on their blockchain based market place. 5 years into operation they have lowered energy costs for local customers by up to 40% 🤝 9/16pic.twitter.com/1pIn8b43nk

      1 reply 0 retweets 0 likes
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      Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

      .@EfforceOfficial, co-founded by Steve Wozniak, "is the first platform that allows users to benefit from the energy savings generated by #energyefficiency projects worldwide", using a blockchain backed market place ⛓️ 10/16pic.twitter.com/QTgj5HLlUC

      12:16 PM - 26 Mar 2021
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

          More information about the different applications of blockchain in the energy system+ the challenges faced here 👇 11/16https://www.disruptordaily.com/ultimate-guide-to-blockchain-in-energy/ …

          1 reply 0 retweets 0 likes
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        3. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

          Beyond energy, there are orgs using blockchain to develop a sustainable, regenerative financial system 🌱 @joinseeds is a democratically governed coop comprised of SEEDS users, that funds regen projects through grants+ interest-free loans 12/16https://seedslibrary.com/ 

          2 replies 2 retweets 5 likes
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        4. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

          Other projects: 🌍 @CeloOrg is targeted at developing-world users, operable from a basic smartphone ⭕️ @CirclesUBI seeks to provide a universal basic income 🌳 @regen_network verifies regen land management projects for carbon credits More here 👇 13/16https://news.globallandscapesforum.org/50857/can-cryptocurrencies-help-the-planet/ …

          1 reply 0 retweets 1 like
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        5. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

          ..and even more 👇 14/16https://www.humanprogress.org/how-blockchain-technology-can-help-improve-the-planet/ …

          1 reply 0 retweets 2 likes
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        6. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

          To conclude: 🏭 Energy use by #Bitcoin is not synonymous with other blockchain technologies 🔓 These technologies can unlock decentralised+ aggregated low carbon energy markets 🪙 They also present opportunities to create a new, sustainable+regenerative financial system 15/16

          1 reply 0 retweets 2 likes
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        7. Anna Watson  🌼‏ @AnnaHolliday 26 Mar 2021

          I've started a Twitter list of orgs in the energy blockchain space you can follow: https://twitter.com/i/lists/1375004179824054272?s=20 … And I'd recommend @stephenreid321's Decentralised Finance course if you want to learn more: https://dandelion.earth/events/6030d61305f41500177900f4 … Thanks+ please share this thread if useful! 🙏🙌 16/16

          0 replies 0 retweets 1 like
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        8. End of conversation

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