BLOCKCHAIN COSTS COULD BURDEN GOVERNMENT, DY WARNS
Former DICT Secretary Jeffrey Ian Dy told Atty. Edwin Lacierda and Relly Fajardo that blockchain networks require thousands of nodes, making it costly and compute-intensive for government implementation.
He added that running a node demands 24/7 uptime, significant computational power, and storage, noting that blockchain “eats a lot of power,” even more than most AI applications.
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