Allegations over proof-of-stake (PoS) consensus mechanisms being falsely green are misleading, according to John Gleeson, Chief Operating Officer of web3 decentralized cloud object storage company Storj. As sustainability concerns rise in the video distribution realm, one black dot lies with the growth of web3 initiatives. The association of web3-related energy-guzzling processing power has proven a barrier to adoption for decentralized and blockchain-based technologies, as corporate ESG concerns slowly become more prominent. Storj operates an enterprise-grade storage and distribution system, compatible with Amazon’s S3 object storage. The Atlanta-based vendor does not build out its own drives but taps unused capacity in existing servers, fragmenting encrypted files into nodes distributed all over the globe. Those renting out empty server space to Storj…