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The Future Applications of Blockchain for Cybersecurity
A successful cyber-attack can be the downfall of any well-positioned business. Data breaches not only cause significant financial losses but are also the leading cause of a bad reputation for victim companies.
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CIO Applications | Monday, December 13, 2021

Hackers typically breach a device's central administration and gain complete control of the devices and systems. Blockchain makes such attacks more difficult to carry out by decentralizing such device authority systems.
Fremont, CA: A successful cyber-attack can be the downfall of any well-positioned business. Data breaches not only cause significant financial losses but are also the leading cause of a bad reputation for victim companies.
Key Blockchain Applications for Cybersecurity
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IoT Security: Hackers have increasingly used edge devices, such as thermostats and routers to gain access to overall systems. With the current obsession for Artificial Intelligence (AI), it has become easier for hackers to access overall systems like home automation through edge devices like 'smart' switches. In most cases, a large number of these IoT devices have sketchy security features.
In this case, blockchain can be used to secure such large-scale systems or devices by decentralizing their management. The approach will give the device the ability to make security decisions on its own. By not relying on a central admin or authority, edge devices become more secure by detecting and responding to suspicious commands from unknown networks.
Hackers typically breach a device's central administration and gain complete control of the devices and systems. Blockchain makes such attacks more difficult to carry out by decentralizing such device authority systems.
Securing Private Messaging: With the internet shrinking the world into a global village, more and more people are joining social media. The number of social media platforms is also on the rise. More social apps are being launched with each dawn as conversational commerce gains popularity. Huge amounts of metadata are collected during these interactions. Most social media platform users protect the services and their data with weak, unreliable passwords.
Most messaging companies are warming up to blockchain for securing user data as a superior option to the end-to-end encryption which they currently use. Blockchain can be used to create a standard security protocol. For enabling cross-messenger communication capabilities, blockchain can be used to form a unified API framework.
In the recent past, numerous attacks have been executed against social platforms like Twitter and Facebook. These attacks resulted in data breaches, with millions of accounts being breached and user information landing in the wrong hands. Blockchain technologies, if well implemented in these messaging systems, may prevent such future cyberattacks.
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