Why Is The Blockchain Technology Relevant To Cybersecurity?

The blockchain technology first emerged as a bitcoin powering tool. Despite this fact, this technology is based on a cryptographic innovation. This means that this technology can record digital information with encrypted entries which makes it incredibly safe. But how will it improve cybersecurity? Here are a few ways how:

Reducing cyber attacks

As most of our daily lives are happening online, it is no wonder that in 2016 there were estimated over 3 billion cyber-attacks. Various ways of attack can be seen such as email malware attachments, fake customer support etc. The main problem that can be identified is the open doors in the centralized systems. Blockchain technology can help reduce or even stop this. The information is distributed so that there is no open gateway for hackers to steal data. Also, creating a much bigger key network and dividing domain records between multiple parties.

Data integrity

Since data today is the most valuable resource for investment and making decisions, cybercriminals are trying hard to sabotage information. It is most common for cybercriminals to alter information and demand money in return or make sure to cause system failure. This problem can also be taken care of by the blockchain technology. As we said, the key is to decentralize and encrypt information so it is almost impossible to access it. This slims down the chances of hackers changing and tempering the data.

Private Texting

Chat tools are getting smarter thanks to AI (artificial intelligence) but there are a lot of weak spots in terms of security. Many of the chat apps use end-to-end encryption to protect the content but on the other hand, they require authentication details which are stored in single systems that are fairly easy to breach. Again, the key is decentralization of the network itself and splitting the metadata.