Here's How Blockchain Can Help Improve Cybersecurity

Enterprise Security Magazine | Tuesday, November 30, 2021

Blockchain technology is a more secure alternative to end-to-end encryption and it may be employed to create a uniform security protocol.

FREMONT, CA: Today, the amount of data generated is expanding tremendously with each passing day. Hackers are creating new tactics and deploying sounder technology to carry out crimes while organizations continue to build advanced solutions to assure security. Here are some ways that blockchain technology can help to improve cybersecurity:

•  Users utilize an increasing number of social media platforms, and weak and unreliable passwords protect most of them. During social media conversations, large amounts of metadata are recorded, and if hackers obtain access to this data, they can cause havoc.

•  Because blockchain technology is a more secure alternative to end-to-end encryption, it may be employed to create a uniform security protocol. It can also be used to protect private messaging by building a unified API (Application Programming Interface) architecture that allows for cross-messenger communication.

•  Hackers have been able to obtain access to general systems in the past using edge devices. With the current demand for home automation systems, hackers may be able to get access to smart homes via edge devices like smart switches if these IoT devices have weak security measures.

•  By decentralizing the management of such systems or individual devices, blockchain technology can be utilized to secure them.

•  Blockchain technology can help reduce Distributed Denial of Service (DDoS) attacks by decentralizing Domain Name System (DNS) entries.

•  With ever-increasing amounts of data being generated every day, keeping data in a centralized manner exposes it to the risk of a hacker exploiting a single vulnerable point. It will be practically hard for criminals to gain access to data storage systems if data is stored in a decentralized form using blockchain.

Blockchain technology's inherent decentralized nature has a variety of uses, one of which is cybersecurity. Data on blockchains cannot be manipulated because network nodes immediately cross-reference and identify the node with erroneous data. The highest levels of data transparency and integrity are provided by blockchain technology. Because blockchain technology automates data storage, the primary source of data breaches—human mistakes—is eliminated. Cybercrime is the most serious threat to businesses, and blockchain technology could help combat it.

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