Green Crypto: The Eco-Friendly Alternative A Move Towards Sustainability

IPEM Journal Management > Green Crypto: The Eco-Friendly Alternative A Move Towards Sustainability

Green Crypto: The Eco-Friendly Alternative A Move Towards Sustainability

Dr. Syed Md Faisal Ali Khan, Dr. Divya Rana

Vol 18 , Issue 1 , July 2024 | Pages: 11-18

DOI: 10.61691/IPEM_Mgmt.18.2024.11-18

Published Online: July, 2024

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Author Details

1. Dr. Syed Md Faisal Ali Khan, Lecturer & Head–Decision Support Unit, CBA, Jazan University, Jazan, Saudi Arabia
2. Dr. Divya Rana, Associate Professor and Head R&D Cell, IPEM, Ghaziabad, U.P., India

This paper explores the developing notion of green cryptocurrencies, analysing its potential as a sustainable way to mitigate the environmental impact associated with traditional cryptocurrencies. The increasing popularity of cryptocurrencies has raised qualms about their environmental impact, mostly due to the energy-intensive nature of mining and transactions. This study utilises a rigorous approach, relying on reputable sources from both academia and industry. Conducting a thematic analysis of the collected data using Smart PLS software allows for a thorough investigation into the feasibility of green cryptocurrencies as an environmentally friendly substitute for conventional currencies. The study explores the difficulties involved in shifting towards a sustainable cryptocurrency system, including technological obstacles, user acceptance patterns, and the need for worldwide collaboration. The research draws relevant conclusions regarding the potential of green cryptocurrencies by evaluating their significance, credibility, and quality, and synthesising their findings. The obstacles that have been identified are being addressed in a systematic manner, with a focus on the importance of developing sustainable solutions to address the environmental issues caused by traditional cryptocurrencies. Ultimately, the study emphasises the increasing recognition of cryptocurrency and the need to tackle environmental concerns. The research promotes the adoption of eco-friendly cryptocurrencies, highlighting their capacity to provide a sustainable and environmentally aware substitute for conventional monetary systems.

Keywords

Green Cryptocurrencies, Awareness, Behavioral Intention, Risk, Social Norms
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Khan, & Rana. (2024, July 31). Green Crypto: The Eco-Friendly Alternative- A Move towards Sustainability. Journal of IPEM, 18(1), 11–18. https://doi.org/10.61691/IPEM_Mgmt.18.2024.11-18