The U.S. Senate’s Committee on Energy and Natural Resources will hold a hearing on “Energy Efficiency of Blockchain and Similar Technologies” on Tuesday, Aug. 21, according to a committee announcement.

And it will be a full committee, too, meaning all 23 members including Republican Lisa Murkowski of Alaska, who chairs the committee, and ranking Democrat Maria Cantwell of Washington could be expected to show up at some point. Witnesses will be announced on the day of the hearing.

Here’s what the Senate committee wants to know, according to its announcement:

“The purpose of the hearing is to consider the energy efficiency of blockchain and similar technologies and the cybersecurity possibilities of such technologies for energy industry applications. In particular, should we expect electricity prices to increase from rising electricity demand in blockchain applications? In addition, how can we evaluate whether blockchain and similar approaches will soon improve the cybersecurity of computing systems used to supply our energy?”

Cybersecurity? As in blockchain protecting the energy grid from hacking, perhaps? The hearing will be webcast live on the committee’s website.

ThirtyK Staff
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