2022 was a difficult year that saw some of the most extreme situations in the world. This race has brought security into question. Some of the most prominent brands were the victims of cyber attacks and have been the brunt. The integration of blockchain technology is an effective strategy to combat cybercrime. It allows a secure data record to be stored and is free from any interference by third parties.
You might be interested to know how blockchain technology can help fight cybercrime.
What's Blockchain?
Blockchain, in simpler terms, is an unchanging platform that records money transfers and data. It is based upon P2P-peer-to-peer technology and is a distributed blockchain technology. It allows data to be stored on thousands of servers worldwide, which allows anyone to view the entries and prevents any individual from taking control.
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With the advancement of technology comes the constant threat of cybersecurity attacks, making it difficult for businesses to cope with constant security breaches. Blockchain technology is rapid development in this area, allowing businesses to develop a plan to protect their business from any security attacks.
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It is impossible to steal data
Hacking has also seen rapid advancements due to technological advances. Hackers can invade any space to steal data or attempt to destroy it. This is almost impossible because blocks that are associated with blockchain technology must be destroyed on every computer and network. The bottom line is that hackers are less likely to attack a larger blockchain network than a smaller one.
DDoS attacks can't happen
DNS is a centralized platform. Hackers have the ability to easily break the link between the IP address and the website name and cause chaos. Blockchain technology allows you to decentralize DNS. This will allow content to be distributed across multiple nodes. This provides security and makes hackers difficult to attack.
To make the web worldwide decentralized, all third parties must be removed from managing web servers, databases, and IT systems. The domain names can only be modified by authorized persons, which will reduce the risk of DDoS attacks.
Decentralized storage
You might be asking yourself, what exactly is decentralized storage?
Decentralized storage works without a central authority or storage location. Each member of the group is responsible to verify the data stored/shared. This ensures that there is no addition or modification to existing data. Hackers are not able to access all data repositories and this is a problem.
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IoT security optimized
The IoT platform is proven to be a reliable platform that allows different routers, switches, and security cameras, as well as other devices, to exchange data. Blockchain can help optimize security by identifying the best practices and getting them invested in IoT's working mechanism. This allows businesses to protect their data and take security decisions without the need for a central authority. This allows devices to communicate with each other and access real-time data.
Final thoughts
Blockchain technology is revolutionizing many industries. The technology is constantly improving its functionality and helping to detect suspicious activity.
There will be more improvement over time, ensuring that businesses can overcome cybercrime with the best tools. We at Errna take technology updates seriously and will ensure that your business is more functional with a scalable solution. Get in touch with us today to find the right app solution for your business that meets its needs and allows it to grow.