Blockchain Technology And Cyber Security

Cyber security is an industry which has been remarkably affected by this technology with a scope for more in the future.

Blockchain technology and cyber security.

Cyber security is on everyone s mind. Blockchains can be stored on a peer to peer basis in multiple locations by making exact redundant copies. Blockchain utilizes encryption and hashing to store immutable records and many of the existing cyber security solutions utilize very similar technology as well. The implementation of blockchain technology would completely decentralize the dns distributing the contents to more number of nodes thereby making it almost impossible for cyber attackers to hack.

Blockchain technology has trickled into every domain of our lives from banking to healthcare and beyond. This is the reason why many industries consider adopting blockchain technology to prevent such incidents from occurring. Blockchain is gaining traction today but critics who question the scalability security and sustainability of the technology remain. Deloitte member firms across the globe are continuing to collaborate to build blockchain capabilities to develop world class solutions and services for clients.

Blockchain tech has an inherent connection to cybersecurity. In short blockchain can be used to protect our data from cyber attacks and improve cyber security across industries. What is deemed safe today won t be tomorrow given the lucrative nature of cybercrime and the criminal s ingenuity to seek new methods of attack. Of course the blockchain technology is not entirely immune to cyber attacks but it works much better than other systems offering higher levels of data security.

An assessment of the security of blockchain technology no cyber defense or information system can be regarded as 100 secure. A system can make sure that it is invulnerable to hackers by using blockchains to safeguard data unless every single node is wiped clean at the same. Blockchains can use the most advanced encryption to secure the data. With millions of people working remotely hackers have had a field day by increasing the intensity of phishing attacks and other kinds of exploits.

The majority of existing security measures rely on a single trusted authority to verify information or store encrypted data. This article provides an overview of how blockchains can improve the online security of any business ensuring that data cannot be damaged stolen or lost. Some industry pundits pin hope on a decentralised solution or blockchain technology to ensure a better security solution for individuals and enterprise alike. The advantage of using a blockchain to protect data integrity are threefold.

You will frequently hear or read in the news that it has already disrupted all major industries worldwide.