How Blockchain is Buffering Cyber Security Initiatives

Page 1

a How Blockchain is Bu몭ering Cyber Security Initiatives by Kelly Hansard | Aug 19, 2022 | Kelly Hansard, Technology

Blockchain technology is beginning to in몭uence all areas of our lives. Cybersecurity is an industry that has been signi몭cantly a몭ected by this technology and maybe more so in the future. The goal of blockchain technology is to secure the 몭nancial transactions that are conducted in the cryptocurrency markets. Despite its various security threats, the company is still committed to providing the best possible security for its users. This is evident in its continuous e몭orts to improve the e몭ciency of its operations.

Old Software One of the biggest threats companies face today is the lack of proper user interface security. This is because many consumers do not understand the importance of maintaining a healthy online lifestyle and cyber security. Unfortunately, outdated software systems can still expose their users’ sensitive information. Getting the latest security protocols is often free or at a minimal cost.

Advanced Tactics In addition, hackers are constantly looking for new ways to attack their way into


computer systems. One of these is by developing arti몭cial intelligence and robots that can perform data search and analysis on a massive scale. These methods are very e몭cient because they can analyze hundreds of records in a second. Attacks on blockchains are similar to those on other online security systems.

Smart Contracts A smart contract is a type of contract that various companies in the 몭nancial industry use to process transactions. It can reduce the time it takes to complete a 몭nancial transaction by allowing both the seller and the buyer to sign a document. Traditional contracts typically involve multiple parties, such as a legal representative, a trustee, and a title company. Before using smart contracts, the typical processing time for transferring documents usually took several days. With the use of smart contracts, the time it takes to complete a 몭nancial transaction has been reduced to a few minutes. Aside from reducing the time it takes to complete a 몭nancial transaction, smart contracts also make it safer. Blockchain technology ensures that smart contracts protect 몭nancial transactions from unauthorized access. By layering the various steps of the process with high security, blockchains can prevent unauthorized persons from seeing the transactions.

Search

Recent Posts How Blockchain is Bu몭ering Cyber Security Initiatives Leading Women in STEM What’s the Di몭erence Between Coding and Programming? Finding the Best Jobs in Tech The Five Most Popular Programming Languages to Learn in 2022

Links Kelly Hansard About Kelly Hansard Behance Kelly Hansard LinkedIn Kelly Hansard Medium


Kelly Hansard Medium Kelly Hansard Twitter Kelly Hansard WordPress

    © Kelly Hansard 2022


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.