Topic: Role of blockchain in cybersecurity with use cases

Blockchain In Cyber Security

Blockchain technology is a decentralized, distributed ledger technology that record

transactions across many computers into blocks. Each block is the combination of the
cryptographic hash of the previous block, a timestamp, and transaction details.

Blockchain is a flourishing technology from the past few years that boosts business and
industries. As the number of cybercriminals increases complex and are endlessly trying to forge
valuable data like sensitive information, financial data, health records, intellectual property,
and personal identifiable information,etc.

So, Blockchain could potentially improve cyber defense that prevents untrue activities through
consensus mechanisms and detect data theft depending on utilizing its characteristics such as
transparency, operational resilience, immutability, data encryption, and auditability

Use-Cases Of Blockchain In Cyber Security

These are some of the important use-cases of Blockchain in cyber security in the recent years.

A Decentralized Storage Medium

As people move faster with technology in online, it is very necessary to make a safer
environment for all sensitive information that we share to websites like credit card details ,
PAN number ,etc. Most of the business still use a centralized medium for its storage of data,
which makes it much easier for hackers to reach data for robbing.

Since Blockchain based decentralized storage medium can prevent business data theft , When
using blockchain as a medium to store data ,criminals no longer have a single point of entry to
access entire data, they have multiple. This feature is the main aspect of why initiatives are
considering blockchain as key for data security.

For Example The Apollo data cloud of currency team by which users can store data on the
blockchain and grant permission for access by the third parties.
Security in DNS

Most of the DN Servers are centralized and hackers can break through the connections between
a domain name and IP address and can also make the website inaccessible. Hackers in recent
years try to couple DNS attacks with DDoS attacks to render websites unusable for a certain
period of time.

blockchain technology can make it difficult for criminals as information are stored immutable
on a decentralized distributed ledger and the immutable smart contracts are present to power
up connections.

Implementation of Secured Private Messaging Platform

As the world is commercial, a lot of information of consumers is gained from their exchanges
of data on social media especially. Although, many social media channels provide end to end
data encryptions many lag behind the roof.

Some notable number of social media channels started using blockchain technology for
securing the user's private messages and sensitive account information. Blockchain technology
is a great way to secure all data exchanges and enables the secured connectivity between
different messaging apps.

IoT Security

Hackers always concentrate on to accessing the overall system via edge devices such as of
routers and switches. In recent days, hackers also find it much easier to attack through devices
such as smart webcams,thermostats, CCTVs, doorbells,cars,washing machines too .

Thus blockchain technology can be used to prevent attacks on those devices connected to
internet. Blockchain technology can provide those IoT devices smart tag to make security
decisions without depending on a central authority or admin.
Data Veracity

The cost of bad data detection and digging frauds are significant irrespective of the industry.
Algorithms that are used to fight deception are largely effective in detecting discrepancies, but
it is alarger in cost.Data that is filtered and stored through a decentralized blockchain
mechanism tends to be more trustworthy secure and accurate data as it undergoes a lot of
verification process. Thus, the verge of data veracity is higher when using blockchain
technology.

Blockchain technology can be utilized to prevent any type of data breaches, identity thefts,
cyber-attacks or false transactions ensuring data privacy and security.As days pass, the rate of
Cybercriminals is raising which inturns create jobs for security professionals over the next few
years. It is the blockchain technology that tends to be the savior of data security.Cyber Security
will be boosted double the amount of cybercriminals rate, only when blockchain technology
has been used as a medium of data storage.

Boosting Public Key Infrastructure

CerttCoin isthe first implementations of blockchain based PKI. This project removes all
central authorities together and uses this blockchain as an distributed ledger of all domains
and all of their public keys. Start up REMME gives each and every device its own specific
SSL certificate based on blockchain which prevents attackers from producing faking
certificates. Guard-time was using blockchains to create a Keyless Signature Infrastructure
as a replacement for public key Infrastructure

Safe Domain Name System

The Mirai botnet showed how easy it is for hackers to compromise very critical
internet infrastructure, By bringing down their domain name system service
provider for major websites. The hackers were able to cut access to Instagram,
Twitter, Facebook,Netflix, PayPal, and other services. Storing Domain Name
Service entries in blockchain way improves security by removing single attackable
target.
 Reduced Distributed Denial of Service Attacks (DDoS)

DDos attacks occur more commonly to Websites to block by bringing up network

traffic and ultimately causing the site to block or making it inaccessible to users.
Attackers control the malicious computers remotely and send the requests to the
target site through botnets. One of the famous Blockchain startup Gladius, says its
decentralised solutions can for sure protect against the present DDoS attacks by
allowing people to connect to protection areas near to provide better protection and
accelerate content.

Improved confidentiality and data integrity

Data has to be confidential expecially when it comes to sensitive informations such as a
persons health records, PAN numbers, Caste etc. as there is no use of the improvement in
techniology if data that is supposed to be private is forged and known to the whole world. Thee
are many cases of suicides due to their public leakage of data. But blockchain has provided
solutions to these problems, they now address the data confidentiality , integrity and access
control challenges which are a critical challenge in an age where data can very easily be
manipulated and spoofed. But, the full encryption of blockchain data ensures that this data will
not be accessible to unauthorised or third parties, while in transit. IBM provides its Watson IoT
platform with an options to manage IoT data in private blockchain ledger which is integrated
into Big Blue’s cloud services. Ericsson’s Blockchain Data Integrity service provides a fully
auditable, accurate, compliant and trustworthy data to app developers working within GE’s
Predix PaaS platform.