Blockchain Technology And Cyber Security

Blockchain is gaining traction today but critics who question the scalability security and sustainability of the technology remain.

Blockchain technology and cyber security.

Deloitte member firms across the globe are continuing to collaborate to build blockchain capabilities to develop world class solutions and services for clients. The majority of existing security measures rely on a single trusted authority to verify information or store encrypted data. Blockchains can be stored on a peer to peer basis in multiple locations by making exact redundant copies. Blockchains can use the most advanced encryption to secure the 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. In short blockchain can be used to protect our data from cyber attacks and improve cyber security across industries. In fact we already have a nearly impenetrable technology known as blockchain which can be used to protect our data from cyber attacks and improve cybersecurity across industries. 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. Blockchain technologies are after all the culmination of decades of research and breakthroughs in cryptography and security. 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. With millions of people working remotely hackers have had a field day by increasing the intensity of phishing attacks and other kinds of exploits.

Cyber security is an industry which has been remarkably affected by this technology with a scope for more in the future. 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. You will frequently hear or read in the news that it has already disrupted all major industries worldwide. Cyber security is on everyone s mind.

The advantage of using a blockchain to protect data integrity are threefold. 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. Blockchain technology has trickled into every domain of our lives from banking to healthcare and beyond. Blockchain utilizes encryption and hashing to store immutable records and many of the existing cyber security solutions utilize very similar technology as well.

Blockchain technology in cyber security.