How will the use of blockchain technology improve the security of
information transfer on the internet?
Blockchain is decentralized. This means the information it governs is spread across a wide network of computers rather than in a single location. This makes it more difficult to hack because you’d have to breach several
different nodes of security instead of just one. The best part is that each computer has the complete ledger of information, so a few computers going down wouldn’t result in any data loss.
On top of that, the data is also encrypted and peer-validated. That means that it’s super difficult to infiltrate and alter something, and if you manage to do so, it’s flagged and anyone who’s looking will instantly know
it’s been altered.
As blockchain technology advances and the need for cybersecurity increases, we’ll see major innovations and advancements in blockchain that will create an even more secure network.- Ian Cogswell–
Blockchain technology is not just limited to cryptocurrency and sending digital coins around the world.The heart of this technology is that it’s a system of storing data that is unalterable, decentralised and secure. In short, the data becomes impeccably accurate, and secure like a publicly verifiable ledger. When applied to data management and information transfer, you begin to see the bigger picture of why blockchain is so
valuable. Blockchain has the potential to be used to decentralise cloud storage; making it a more secure method of storage and data sharing. It could be utilised to completely eliminate digital identity fraud or digital
electoral voting both of which are vulnerable to malicious attack due to the weaknesses in the way information is currently stored and transferred.
Using good practices, companies should be able to secure information
transfer on the Internet today, but not all companies are strong in their cybersecurity practices. One big advantage of blockchain technology is that , it allows the owner of the information to have control access to it using public key cryptography rather than putting it in a central data server and risking that it is breached by hackers and shared without authorization.
Blockchain and Internet Security by using good practices, companies should be able to secure information transfer on the Internet today, but not all companies are strong in their cybersecurity practices. One big advantage of blockchain technology is that
it allows the owner of the information to control access to it using public key cryptography rather than putting it in a central data server and risking that it is breached by hackers and shared without authorization.
The distributed ledger of blockchain has i variuos ways found application in many fields, looking at from cryptocurrency to supply chain. Interesting thing about blockchain is the fact that it has reputation as an inherently secure technology. But can that inherent security be applied to the field of security itself?
The answer is “yes. , lookibg at a various number of situations” . Security professionals are finding and discovering that the qualities blockchain brings to a solution are more effective in securing data, networks, identities, critical infrastructure, and more. As with other emerging technologies, The biggest question is not taken as whether blockchain can be used in security, just as with other upcoming technologies but in which applications it is best used today anyway
Blockchain is being used in a number of security applications, Ranging from record-keeping to acting as part of the active data infrastructure, and many more options likely are on the the same part beign used in certain number of applications with blockchain technology .
As blockchain’s potential grows with much excitement, It is quite important to keep that potential in perspective .
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