Blockchain in Cybersecurity

Blockchain

Blockchain is a decentralized network that was introduced with Bitcoin to change the traditional banking system but concerning functionality of blockchain, now the blockchain tech is brought into various industries. Blockchain is named for its transparency, traceability, and security which has gained the trust of today’s young generation.

Blockchain is impossible to hack as every piece of information is stored in multiple nodes whereas hacking a single node lets the chain neglect the node and the information in other nodes is made safe. Also, the info in the single node cannot be used without the remaining info in other nodes.

Cybersecurity

The world of digital space has improved a lot in recent days with the advancement of the internet, computers, and other tech gadgets. This has also paved the way for multiple cyber attacks where many corporations and government organizations have deployed a special team to improve cybersecurity. Malware, Ransomware attacks, DDoS, and Credential stuffing are the most common cyber attacks we face daily.

Everything has become digital in recent days and the future will be completely based on digital platforms and other digital processes which shows the priority of cybersecurity. Data theft has been a serious concern in recent years where many important data have been hacked at various cyber attacks. This has made companies and government organizations set up a cybersecurity team and work on the improvement of the security of digital platforms and data.

Blockchain And Cybersecurity

With the growing cyber attacks, there is a need to improve the cybersecurity system and with the present technologies around the globe, blockchain is the only tech that can work its best to protect digital platforms from cyber attacks. With the growing awareness of blockchain, entrepreneurs will be moving to a blockchain-based platform in that way, blockchain and cybersecurity will be doing a miracle.

Blockchain and Cybersecurity will play a vital role in protecting digital platforms and other data from any kind of cyber attack. Though there are a few things that may question blockchain, it is the most advanced tech in the modern world. More than any other technology present in the world blockchain leads any other tech when it comes to scalability, security, and sustainability. Also, blockchain is gaining traction among global users and the market cap of blockchain-based platforms is making huge changes.

How Blockchain Impacts Cybersecurity?

Blockchain is a decentralized network that projects security, privacy, and trust which makes today's generation implement blockchain into cybersecurity. Along with the above features, Blockchain is also named for its transparency, cost-efficiency, and quick action. Every data is processed with enhanced security and transferred in real-time from any transaction to digital assets. Blockchain helps cybersecurity in many ways and here are a few points

The primary benefit of blockchain is its decentralized nature which reduces the risk associated with the centralized system. This eliminates problems faced by the central authority and here every data is making its entry at every node in the network which makes it hard to steal any digital data or digital asset.

This neglects every other flaw in the existing system with its advanced techniques and functionalities. Bringing in blockchain lets the system watch out for any malware attack and be involved in the action to remove it in the initial process itself making the whole system aware of it and making the system work better with extra security.

Bringing blockchain into the existing system improves the whole process and it adds up an extra layer of security to the whole system. Blockchain secures the system with multiple encryptions, digital signatures, and more. This can be helpful for various processes from securing digital transactions to IoT devices in homes and industries.

Blockchain Use Cases In Cybersecurity

We have listed out a few blockchain use cases in cybersecurity that top the list and apart from the below-mentioned ones, multiple use cases power cybersecurity.

IoT Protection

As of 2020, there were around 12 billion internet-connected devices which would have increased in huge numbers at present. With the growing number of devices and digital connections the need for better cyber security rises. This can be solved and a better secured IoT ecosystem can be developed by implementing blockchain into cybersecurity.

Prevents DNS & DDoS Attacks

DNS and DDoS protection are improved by replacing the advanced blockchain cybersecurity solution in place of the existing system. DNS works on the central system where every domain is served from a single server where bringing a blockchain-based domain name system changes the whole system. In 2016, a major part of the internet went down because of a DDoS attack where implementing blockchain secures these kinds of attacks.

Data Privacy

Every data is processed digitally in the modern era and this has led to various data thefts on numerous occasions and many sensitive data of users, companies and even government organisations have been lost due to the data theft. Blockchain stores these data in a new way under a decentralized network. A single piece of data is separated and stored in various nodes when it comes to blockchain which improves data privacy.

Secured Data Transmission

There are lot of data transmission taking place in the digital world many digital assets are being transferred through various online portals and platforms. However, with the traditional methods, numerous flaws result in data theft and the time behind every transfer. This can be solved with the presence of blockchain where every transaction is carried out much quicker than the traditional system and under a secured network. 

Better Identity Management System

Most digital platforms require identity verification but many negative points again go back to data and users concerned about their data. This has affected many platforms in reaching their maximum capability. Bringing a better identity management system makes the whole system secure and introduces a new identity management system that benefits the users and gains their trust.

Want to Implement Blockchain Into Your Business?

Maticz is the leading blockchain development company that offers various blockchain development services to clients around the globe based on their requirements. Maticz is powered by young minds who help us to provide futuristic solutions to clients concerning their needs. We have successfully developed and launched more than 200+ projects in the last three years for various industries with different needs.

Maticz helps clients around the globe to implement blockchain solutions into their business process in every possible situation. If are you looking to improve the digital solution of your business concerning the future market then blockchain is the right solution for all your needs in the present situation. Every youngster is aware of blockchain and they are looking after blockchain-based digital platforms. So, it is time to give a digital transformation to your business. Connect with our experts and we assist you in integrating blockchain solutions into your business.