What are the Most Popular Use Cases for Blockchain?

12-Jul-2022

Blockchain has evolved into one of the most foolproof systems of transacting in the digital network space, despite not being indestructible. The technology and its accurate utilization have been recognized for its capacity to assure data integrity. If successfully executed, it can benefit a variety of sectors.

Blockchain can be used in a variety of ways since it has the potential to be useful in a variety of situations. One of the ideal applications of blockchain in cybersecurity would be to employ its integrity assurance in the development of cybersecurity solutions for a variety of different technologies. 

Let us dilate on some of the major use cases of Blockchain 

Securing Private Messaging

As the internet continues to shrink the world into a global village, an increasing number of individuals are turning to social networking. In addition, the number of social media channels is growing. As conversational commerce becomes more popular, more social apps are being released every day. During these exchanges, massive volumes of metadata are captured. The majority of social media platform users utilize weak, unreliable passwords to safeguard their accounts and data.

IoT Security

Hackers are increasingly using edge devices like thermostats and routers to gain access to larger systems. Hackers have found it easier to obtain access to overall systems such as home automation via edge devices such as "smart" switches. This results from the current fascination with Artificial Intelligence (AI). 

DDoS and DNS Security

A Distributed Denial of Service (DDoS) attack happens when users of a target resource are denied access or service such as a network resource, server, or website. Such attacks results in slowing down or complete shutting down of the resource systems. A well-maintained Domain Name System (DNS), on the contrary, is highly centralized, making it a perfect target for hackers attempting to breach the link between an IP address and the name of a website. This form of attack renders a website inaccessible, cashable, and even redirection to other scam sites.

The provenance of Computer Program

To avoid foreign interference, blockchain can be used to certify the integrity of software downloads. Blockchain, like MD5 hashes, can be used to validate actions like firmware updates, installers, and patches to prevent malicious software from infiltrating machines. The hashes are permanently preserved in the blockchain in blockchain technology. Because the information recorded in the technology is immutable, blockchain may be more effective in checking the integrity of software by comparing hashes to those on the blockchain.

Decentralizing Medium Storage

Businesses are majorly challenged by the issue of data theft and breaches. A centralized storage medium is still used by the majority of businesses. To gain access to all of the data stored in these systems, a hacker only needs to attack one vulnerable area. Establishing a decentralized sort of data storage with blockchain can protect sensitive data.

Cyber-Physical Infrastructure Verification

Data tampering, system configuration issues, and component failure have all affected the integrity of information created by cyber-physical systems.

The capabilities of blockchain technology in terms of information integrity and verification, on the other hand, might be used to verify the status of any cyber-physical infrastructure. The knowledge provided by blockchain regarding the infrastructure's elements can make the entire chain of custody feel more secure.

Protecting Data Transmission

In the future, blockchain could be used to restrict illegal access to data in transit. 

Data transmission can be protected by encrypting it with the technology's full encryption feature, which prevents bad actors, whether individuals or organizations, from having access to it. The total reliability and integrity of data transported via the blockchain would be

improved as a result of this technique.

Lower the amount of human security Adversity resulting from cyberattacks

As a result of new technological developments, unmanned military equipment, and public transit have recently been launched. The Internet makes it easier for data to move from sensors to remote-control databases, allowing for the development of automated vehicles and weaponry. When hackers get access to these networks, they are able to take entire control of critical vehicle functions. As a result of such incidents, human safety would be jeopardized. Many difficulties may be avoided if all data entering and exiting such systems was verified on the blockchain.

The potential to decentralize is a critical feature of blockchain technology, regardless of how it is used. Infiltrating systems or facilities where access management, information storage, and network traffic are no longer in a single location becomes nearly impossible. Hence, blockchain in cybersecurity could be one of the most effective cyber-threat mitigation solutions in the near future.

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