It’s difficult to get away from the thought that security in today’s digital space is in a general sense fragmented. The more grounded the resistances that are raised around the advanced resources of organizations, the more predominant are the assaults from hackers. The more quick witted that workers get about securing gadgets and passwords, the more brilliant that the assaults move toward becoming. That reality has driven numerous Internet security analysts to the conclusion that the blockchain could speak to the fate of digital security.

What is Blockchain and why is it relevant?

The blockchain is a decentralized, digitized, highly distributed public ledger. At first this technology does not sound like a huge innovation, however it is quite complex than it seems. Hacking information requires something other than accessing one database – it implies accessing hundreds, if not thousands, of various duplicates of that database. Also, it implies that if even a solitary “block” of information is altered in any of those databases, the whole framework will know.

Blockchain technology and Cyber Security

Blockchain allows data to be stored across its network, which eradicates the risks that come with the Internet, which is a very centralized data security structure. Blockchain networks lack weak centralized points, which make the Internet vulnerable for cyber hackers. Currently the Internet has security breaches that we are all acquainted with. Typically we all rely on the basic username and password protocol to keep our information and assets safe on the web, whereas, Blockchain’s security method uses encryption technology. So even if individuals are using a VPN, either on Mac or Windows, they can still be at risk.

You can quickly start to get a handle on why blockchain solutions are being incorporated by security experts around the globe. Executing a blockchain-based security framework in a general sense changes the amusement for digital security, showing an about unimaginable errand for cyber criminals.

It is not to say that blockchain security is invincible, however it is safe to say, so far there hasn’t been any kind of a major breach in the blockchain security framework. Hackers haven’t figured out how to crack this technology, hence why cryptocurrency is still intact.

There are a few critical ways that blockchain innovation is being connected by digital security organizations in the field to make private blockchain arrangements:

• Designing peer-to-peer consensus mechanisms to decrease fraudulent activities
• Generating end-to-end encryption and privacy
• Preventing data tampering 

How are companies integrating with Blockchain and Cyber Security?

The fascinating part about blockchain and digital security is that it has effectively changed from being only a hypothetical technology into a genuine, functional application.

For instance an Estonian blockchain Cyber Security Company has been safeguarding millions of local health patient records since 2016. Whereas, the United States healthcare uses a centralized system to secure patient records, which has resulted in several security data breaches in the past.

Join the conversation with fellow UBC students and contribute your article here.