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Blockchain Technology - A Big Transformation In The Cybersecurity Industry Blog


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In the modern world, Technology has created wonder that man cannot live without, we pretty well know about the good things we experience and come across through technology and also the way it brings disaster to lives. The fast advancement of technology makes one's life easy and less complicated or the other way around! Talking about technology, Internet of Things (IoT) has played a prominent role in bringing the connected devices online. And, the word online brings all the limelight on a user’s prior concern about protection of their devices, its hardware, software and the information stored, from theft and damage, also protection from disruption and misdirection of the services provided or used. Cybersecurity importance is growing across every industry. The number of hackers and cybercriminals as well the threats faced by businesses and enterprises is increasing with the evolving technologies designed to prevent them. Coming to the topic, Blockchain technology made its debut on the web through bitcoin and will always be associated with cryptocurrency not to anyone surprise. The blockchain is a continuously growing list of records known as blocks that are linked and secured using cryptography. An electronic ledger system, decentralised by nature and every ledger in the network is continually updated which enables that no participant has incorrect information. Under this technology, there is no central holding system sorting the data and information is distributed throughout the world by computers which carry the record of chain with them. Blockchain power startup’s capabilities and potential application influence and offers multiple benefits, could be applied to network communication, Internet of Things and supply chains and mainly for threat detection or defence to industries like banking, finance, real estate, education, social media and security. Coming to the other half, How does Blockchain technology is working out so well for Cybersecurity! Security experts are continuously looking out for new and innovative approaches to cybersecurity and many of them consider blockchain as a great way to combat security attacks, offers approaches to storing information, performing functions, establishing trusts, making it suitable for environments with high-security requirements. Hence, transforming the cybersecurity landscape. From the cybersecurity perspective, The blockchain technology eliminates human factor, involves no representative who can serve as a source of leaks or compromised data. Through blockchain, businesses authenticate devices and users without the need of a password to carry out data, making it virtually impossible for attackers to utilise duplicate certificates. Therefore, considered as one among the most secure technology available. Blockchain allows users to maintain data in their computer’s network, examine each data block to recognise the false, allow users to verify the data shared and maintained, ensuring that the existing data cannot be removed and false data block cannot be added. Blockchain enables business and companies to trace back to any particular time period for every transaction and locate any corresponding individual through public address, offers entities security, transparency and reassurance as every transaction is associated cryptographically to a user. Blockchain technology protects identities and stores anonymous information which prevent data manipulation and unauthorised modification. Towards the end, Businesses must follow cybersecurity standards and controls within their technical infrastructure with the help of blockchain to protect it from outside attacks and hackers.

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