Blockchain was just a buzz a decade ago and neither of us trusted the worth until it made itself and clear and obvious! Blockchain technology has been the first and foremost to guarantee the safety and security of data without any possible failures.
Talking about the use of blockchain in the digital world, is exactly a similar question like how much do we require to save the imperative data of an organization? Everything saved digitally is somewhere under prodigious threat, which is required to be protected and kept under surveillance either for a few people or a complete group. Well, the distributed ledger is amongst the safest options to dump the data and let selected people have access to the same.
Also Read: Blockchain Technology to Power a Better Tomorrow
What is blockchain in cybersecurity?
Blockchain is advanced and highly trustworthy! Once a blockchain network is created, it cannot be changed, altered, or deleted over time. It’s all set in a cyber stone with a non-tampered data network, with inputs in the languages you wish to have your data in. according to Tech Crunch, blockchain allows corporations to prevent tampering and detect any form of cyber vandalism. While a few leading players have already integrated blockchain technology, including Microsoft, IBM, JPMorgan, Chase, Walmart, etc. The importance of blockchain in cybersecurity can be measured by its role in preventing various cyber attacks.
Nothing is safe when its online, viruses, malware and technical challenges bring down the productivity, hampering the efficiency. Your systems can be hacked, your data can be fetched and that’s where we need security to come in action. The blockchain has the potential to possess unique way outs in handling security hassles, for instance, a blockchain network assign unique hashes to downloads and updates, this lets the users compare the hash on the to-be downloaded data with the developer’s hash and significantly reduce the chances of infecting their systems with any fraudulent activity or malware.
Blockchain preventing data manipulation & fraud
One of the featured characteristics of blockchain is its immutability, the way how it deals with data security. Blockchain uses sequential hashing and cryptography, combined with a decentralized structure, making it practically impossible for any authorized individuals to alter data on the ledger. For instance the technology of Public Key Infrastructure (PKI) is now replaced with Keyless Signature Infrastructure (KSI) where the challenges of basing the security on the secret keys and letting a group of people manage the same have dropped down in probability. Better technologies have taken high, digitally transforming how we used to keep up for data security.
With the help of implementing various technologies at work, blockchain has been quite a name in preventing data manipulations and fraudulent activities, it is evident that the newly adopted technology has been successful in having your back when it comes to looking for a tamper-free, budget solutions for your business in long run.
Blockchain is cutting the ties with a broker/mediator
How blockchain help in cybersecurity is already explained and quite clear but, it does cut down on the requirement of the brokers and the agents who’re acting as a mediator. Smart contracts are one of the most useful options to have rather than appointing an agent to work. Smart contracts work in a specific way when you wish to agree on mutual terms with the other party. A set of defined terms and conditions (mutually decided) are implemented on the offered contract. Each party is liable to follow the guidelines and not turn out against the decided terms. None of the partners can step forwards until they fulfill the conditions and get them legal, as required!
The process is transparent and reliable, eliminating the requirement of an agent or a mediator, letting you stay hassle-free!
Your data gets filtered through a decentralized blockchain network with the most trustworthy, multi-node security lending itself to greater verification and tamper prevention. Convinced enough? Hire a blockchain development company to get your business a tamper-free, secured database.