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arXiv · 1804.08230

Adapting Blockchain Technology for Scientific Computing

Wei Li
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Abstract

Blockchain stores information into a chain of "blocks", whose integrity is usually guaranteed by Proof of Work (PoW). In many blockchain applications (including cryptocurrencies), users compete with each other to win the ownership of the blocks, a process commonly referred as "mining". Mining activities consume huge amount of power, while the outcome appears to be useless besides validating a block. Here we discuss the requirements of designing a new PoW algorithm. We also propose a PoW scheme to help solve high-dimension, non-linear optimization problems. Simulation experiments of blockchains generated by three miners solved an instance of Traveling Salesman Problem (TSP), a well-known NP-hard problem. The revised scheme enables us to address difficult scientific questions as a byproduct of mining.

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Wei Li. 2018-04-23. Adapting Blockchain Technology for Scientific Computing. https://arxiv.org/abs/1804.08230

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