Cybersecurity; Blockchains
The information explosion age has brought with it lapses in security protocols that are exploited regularly online to expose an individual’s and business's most private and sensitive data thus creating the need of finding reliable cybersecurity protocols to include blockchain. Blockchain is a (DLT) distributed ledger technology that is responsible for creating trust in an untrusting eco-system thus making it a strong cybersecurity technology (Daley, 2020). The ledger system in a blockchain is designed to be decentralized in a way that information is availed to the members of that specific blockchain. The decentralized nature of blockchains makes them the ultimate perfect cybersecurity technology that can be used for purposes to include medical and financial data sharing and encrypted message sharing. Blockchains play a vital role in creating trust whilst maintaining a high level of data integrity (Daley, 2020). To enhance cybersecurity blockchains create an impenetrable wall of protection between one’s information and hackers.
The invention of blockchain has revolutionized cybersecurity. The transparency of the blockchain ledger allows a password-free entry while accessing sensitive information through the use of biometrics to include retina scans and fingerprints. Blockchain transparent ledger creates a single source uncrackable form of private data access (Daley, 2020). The ledger system is decentralized to ensure that each block in the chain has only one piece of information that fits in a larger puzzle. The decentralized system limits the data that can be hacked (Daley, 2020). To enhance cybersecurity blockchain provide insight and exposes potential cyber-crime attempts. The Bitcoin cryptocurrency business is one of the many businesses using blockchain to ensure and enhance the security and transparency of data. To secure the data ledger blockchains utilizes cryptography, this is done in subsequent series such that the current ledger depends on the adjacent block that is completed to complete the cryptography.
In conclusion, blockchain is used to enhance cybersecurity and to protect private information from malicious hackers online. Blockchain is a distribution ledger technology that creates an impenetrable wall that protects private data. Business to include Bitcoin cryptocurrency utilizes blockchain to enhance the cybersecurity and transparency of data.
Reference
Daley, S., (2020). Wallets, Hospitals and The Chinese Military: 19 Examples of Blockchain Cybersecurity at Work. Retrieved from; https://builtin.com/blockchain/blockchain- cybersecurity-uses
