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Bio-Inspired Algorithms Leveraging Blockchain Technology Enhancing Efficiency Security and Transparency
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Author(s): P. Chitra (Dhanalakshmi Srinivasan University, India), A. Saleem Raja (University of Technology and Applied Sciences, Shinas, Oman)and V. Sivakumar (Asia Pacific University of Technology and Innovation, Malaysia)
Copyright: 2024
Pages: 24
Source title:
Bio-Inspired Optimization Techniques in Blockchain Systems
Source Author(s)/Editor(s): U. Vignesh (Vellore Institute of Technology, Chennai, India), Manikandan M. (Manipal Institute of Technology, India)and Ruchi Doshi (Universidad Azteca, Mexico)
DOI: 10.4018/979-8-3693-1131-8.ch001
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Abstract
Bio-inspired algorithms, which imitate the actions and procedures seen in biological systems, have proven to be incredibly effective at solving problems in a variety of fields. However, the combination of these algorithms with blockchain technology holds enormous promise for improving their potency while assuring effectiveness, efficiency, and security. This chapter gives a general overview of how bio-inspired algorithms are used effectively with blockchain technology, highlighting their main benefits and prospective uses. Bio-inspired algorithms can gain from improved security and confidence in their execution by utilizing the decentralized and immutable characteristics of blockchain. Blockchain technology offers a transparent and auditable platform that makes it easier to verify algorithmic operations and ensure the accuracy of data. Furthermore, distributed resource allocation and decision-making are made possible by blockchain's decentralized consensus mechanisms, promoting cooperation and collective intelligence.
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