Blockchain, All I want for Christmas is security

As the holiday season nears, cybercriminals are out to take advantage of the people’s Christmas vacation to attack businesses and various industries. Check out the article below to learn more about the features of blockchain that can help your business network be less susceptible to fraud. Who knows, blockchain just might be part of your Christmas wish-list.

Cybercriminals are out to take advantage of the people’s Christmas vacation to attack businesses and various industries…

Role in cybersecurity

Governments, universities, power companies and ‘big name’ enterprises all over the world have been victims of elaborate hacks by cyber criminals for the past few decades. In 2018, 75% of CEOs and board members name cybersecurity and technology acquisitions among their top priorities, and blockchain-based solutions are among the commonly considered options. 

Recently, NASA also decided to implement blockchain technology in order to boost cybersecurity, and prevent denial of service and other attacks on air traffic services. The independent space agency is planning to use the same distributed ledger technology that is often associated with bitcoin and other cryptocurrencies.

The clamor for blockchain-based solution is a manifestation of the efficiency of blockchain, as it continuously proves itself as a viable technology when it comes to protecting businesses and other entities from cyber attacks.

Security features

Although blockchain contains loads of efficient security features, consensus and immutability are two of the most important concepts that should be considered.

Consensus refers to the ability of the nodes within a distributed blockchain network to agree on the true state of the network and on the validity of transactions. One thing that needs to be highlighted is the fact that the process of achieving consensus is dependent on the so-called consensus algorithms.

On the other hand, Immutability refers to the ability of blockchains to prevent alteration of transactions that have already undergone the process of confirmation. Although these transactions are often relating to the transfer of cryptocurrencies, they may also refer to the record of other non-monetary forms of digital data.

All in all, consensus and immutability provide the framework for data security in blockchain networks. While consensus algorithms ensure that the rules of the system are being followed and that all parties involved agree on the current state of the network – immutability guarantees the integrity of data and transaction records after each new block of data is confirmed to be valid.

Future developments

According to Forbes, with time the trust factor in the capabilities of blockchain is expected to rise. The real impact of a distributed ledger is still under speculation, but given the spurt of applications already crowding the markets, it is only a matter of time before blockchain penetrates every industry sector. 

As the digital transformation of global businesses continues, blockchain will naturally evolve as the best transactional platform across the globe.

 

-->

Previous

Forget Bitcoin for now: Here’s the REAL reason you should embrace blockchain

Next

Blockchain is gaining Ground in Video-Streaming – Here’s Why…

15 Comments

  1. I always spent my half an hour to read this website’s posts daily along with a mug of coffee.

  2. We absolutely love your blog and find nearly all of your post’s to be exactly
    what I’m looking for. can you offer guest writers to write content for you personally?

    I wouldn’t mind publishing a post or elaborating on a few of the
    subjects you write concerning here. Again, awesome site!

  3. Thank you for the auspicious writeup. It in fact was a amusement account it.
    Look advanced to more added agreeable from you!
    However, how could we communicate?

  4. Hi, I read your blogs on a regular basis. Your writing style is witty, keep
    it up!

  5. This is really attention-grabbing, You are a very skilled blogger.
    I have joined your feed and look ahead to searching for extra of your wonderful post.
    Additionally, I have shared your website in my
    social networks

    • Alacrity Network

      Thank you very much for your kind words and support!

  6. I like the helpful information you provide iin youur articles.
    I’ll bookmark your log annd check aggain here regularly. I am quite certain I’ll lear a lot of new stuff
    right here! Good luck for the next!

    • Alacrity Network

      Thank you very much, we are so please that this I useful for you.

  7. Hi I am so excited I found your site, I really found you by mistake, while I
    was searching on Google for something else, Regardless I am here now andd would juyst like to say
    thanks a lot for a remarkable post and a all round entertaining blokg (I also love thee theme/design), I don’t have time to red through it
    all at the moment butt I haave book-marked it and also added your RSS feeds, so
    when I have time I wilkl bbe back to read a grdeat deal more, Pleasee do keep up the superb work.

  8. Hi tһere! I knoѡ thіs is kinda ooff topic Ьut Ӏ’d figured I’d ask.
    Woulpd үou bee interеsted in exchanging linkѕ or maybe guest
    authoring ɑ blog articcle oг vice-versa? Mʏ site discusses а llot of the same topics aѕ үours and I believе
    wе could ցreatly benefit from еach other. Іf you might be interested feel free tⲟ shoot
    me an e-mail. І ⅼooҝ forward to hearing fro you!
    Wonderful blog ƅy tһe way!

  9. Ꮋi friends, һow is еverything, ɑnd what you wɑnt
    to sɑy aƅout thiѕ article, in mʏ view its genuinely amazing іn favor
    ߋf me.

  10. Just wish tto say your article is as surprising. The
    clearness for your publish is simply spectacular and i can suppose you’re knowledgeable in thgis subject.
    Fine together with your permission allow me to
    snatch your RSS feed to stay updated with approaching post.
    Thamks 1,000,000 and please continue the gratifying work.

  11. I really like what you guys tend to be up too. This sort
    of clever work and exposure! Keep up the fantastic works guys I’ve included you guys to my personal blogroll.

  12. There’s certainly a lot to find out about
    this issue. I love all the points you have made.

    Wow! This blog looks exactly like my old one! It’s on a entirely
    different topic but it has pretty much the same page layout
    and design. Excellent choice of colors! Ahaa,
    its pleasant conversation concerning this post here at this
    web site, I have read all that, so now me also commenting here.
    http://cspan.org

Leave a Reply

Your email address will not be published. Required fields are marked *

Top