| | March 2022ENTERPRISE SECURITY6The Blockchain industry continues to change the lives of not just enterprises but also individuals, helping them lay the foundations of their services and foster future growth.Investments in Blockchain technology are expected to surpass USD 15.1 billion by 2024, and the technology has been causing massive disruptions throughout different industry verticals. We've seen other technology trends making the news, but Blockchain is finally garnering the reputation it deserves. It's clear that Blockchain will revolutionize all industry verticals and is a technology that can no longer be ignored. By 2025, we can expect to see traditional business models transition entirely to the Cloud and use these distributed ledgers to conduct financial transactions. With each coming day, the amount of data that we are generating is increasing exponentially. As we continue to develop sophisticated technologies to ensure security, hackers are devising new techniques and implementing sounder technology to execute cybercrime. With the rolling out of 5G networks, download speeds will increase substantially, in turn creating more opportunities for hackers to expose security inefficiencies. Faster download speeds will encourage larger cyber crimes as well. This is where blockchain technology comes into the picture.The number of social media platforms that we use is on the rise and most are protected by weak and unreliable passwords. Large quantities of metadata are collected during social media interactions and hackers can create havoc if they gain access to this data. Blockchain technology can be used to develop a standard security protocol, as it is a sounder alternative to end-to-end encryption. It can also be used to secure private messaging by forming a unified API framework to enable cross-messenger communication capabilities.The inherently decentralized nature of blockchain technology has several applications, of which cybersecurity should be explored. Data on blockchains cannot be tampered with, as network nodes automatically cross-reference each other and pinpoint the node with misrepresented information. Blockchain technology provides the highest standards of data transparency and integrity. As blockchain technology automates data storage, it eliminates the leading cause of data breaches ­ human error. Cybercrime is the greatest threat to enterprises and blockchain technology could go a long way in fighting it.Let us know your thoughts.Blockchain: Ready for Enterprise SecurityEditorialRussell Thomas Managing Editor editor@enterprisesecuritymag.comMARCH - 14 - 2022, Volume 8 - 01 Published by ValleyMedia, Inc. (ISSN 2691-4034) To subscribe to ENTERPRISE SECURITYVisit www.enterprisesecuritymag.com Copyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Managing EditorRussell ThomasEditorial StaffAaron PierceAlex D'SouzaAva GarciaJustin S GonsalvesJoshua ParkerSri KrishnaVisualizersAsher BlakeSalesAlena D'Souzaalena@enterprisesecuritymag.comEmail:sales@enterprisesecuritymag.comeditor@enterprisesecuritymag.commarketing@enterprisesecuritymag.comDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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