Security is something that has been in existence since the dawn of mankind itself. Homo sapiens have engineering methods to protect their belongings, families, and own lives since the sun has risen over the species, illustrating our desires for protection of what we view as ours. Our precise definition of security has changed very slightly in the majority of the time we have inhabited this planet, however, the past thirty years have paved the way for security to expand outside of simply our family’s lives and possessions; due to the history-changing implementation of the World Wide Web, security now encompasses much more than our material possessions.
Protecting ourselves from cybersecurity threats is the new focus of safety in the modern world, and just as weapons, house alarms, and security cameras assisted in securing our material possessions, what will protect us from the growing, ominous threat that is cyber theft? One security measure that has shown promise and risen above other proposals is the integration of blockchain to protect valued information. As cyber threats grow exponentially, so should our cybersecurity methods — and blockchain is potentially what will be the shield against cybercrime.
Blockchain is essentially a list of data connected by encrypted keys, called hashes, that is also resistant to modification due to it being public, encrypted, and organized by time of modification; it is also distributed across the whole network instead of being centralized in one location, making it even more secure. These various aspects of blockchain show promise in many applications that would increase security towards potential cyber threats.
In the 21st century, many of the world’s largest and farthest-reaching corporations have been hacked for valuable and private data: such as Yahoo, eBay, and Target. These hacks, also deemed “breaches” or “data leaks,” lost massive amounts of data and personal information of millions of customers and users; breaches of these kinds cause massive amounts of money loss, problems for users, and headaches for the leaders of companies, and these threats will only continue to expand as time goes on.
The integration of blockchain into these companies’ methods of data storage could prove revolutionary for their levels of security; by utilizing blockchain to store their data, not only would their data be encrypted but it would also decentralize where their data is stored. Instead of it all being stored in one place for hackers to access and make off with the valuable data, it is all across the blockchain network; this makes it much harder for cybercriminals to access information and ensures that if they do gain possession of data it is only a small piece of it that is often worthless alone.
In addition, blockchain is an extremely secure method of data storage due to its methods of consensus on issues and its general decentralization since one party doesn’t control power. If you do not know about it, you can ask for a blockchain consulting solution. Integrating blockchain into corporations’ security protocol would greatly enhance their protective measures against threats, creating a safer cyber world for the company itself as well as the millions of people who use their services.
Blockchain is an enticing method for securing companies’ data as data breaches occur more often as time goes on and data becomes more at risk. Through its encryption and decentralization, blockchain allows data to become, arguably, more secure than ever before; more and more companies are beginning to integrate blockchain into their security protocol, and as more join them the world’s data will become more secure from cybercriminals than ever before.