Collective Behavior Under the Umbrella of Blockchain

Abstract

Any social or organization system will fetch the properties from economics, sociology, and social psychology. In the digital world everyone is trying to cope with the new technologies for the survival. The dynamics of such a system are very multifarious due to the complexity in the convergence of the digital, physical, and biological realms. The dynamics of the society and organization are rapidly changing due to the imparting of the new technologies, such as artificial intelligence, internet of things, virtual reality, etc. The resultant is revolutionizing of opportunities and expectations due to the changes in the values, norms, identities, and future potential. The collective behavior (CB) plays an important role in predicting the various dynamics which are not only coherent but also paying attention. Blockchain will not only help in detecting but also help in finding the major causes and challenges for current scenario dynamics. The chapter describes the agent-based modeling and ant colony optimization components of the CB.