Mariona Muñoz and Natalia Sanchez

Cybersecurity industry of Blockchain

The blockchain technology has been gaining traction in the cybersecurity industry due to its
ability to provide a secure and immutable ledger of transactions. Blockchain-based solutions can
be used to secure data, protect against cyberattacks, and provide a secure platform for digital
identity management. Additionally, blockchain-based solutions can be used to create secure and
transparent networks for data sharing and communication. This can help organizations protect
their data from malicious actors and ensure that only authorized users have access to sensitive
information.

What information would be stored

In the blockchain, information related to cybersecurity would include data such as user
authentication, access control, encryption, and digital signatures. Additionally, blockchain can
be used to store information related to identity management, malware detection, and intrusion
detection.

What benefits would the use/introduction bring about

1. Improved Data Security: Blockchain technology provides a secure and immutable ledger that
can be used to store and protect sensitive data. This makes it difficult for hackers to access or
alter data, as any changes to the ledger must be verified by the entire network.

2. Enhanced Identity Management: Blockchain technology can be used to create digital

identities that are secure and immutable. This can help organizations better manage user access
and authentication, as well as protect against identity theft.

3. Increased Transparency: Blockchain technology provides a transparent and auditable record

of all transactions, which can help organizations better track and monitor activities. This can help
organizations detect and prevent fraud and other malicious activities.

What potential risks are there

There are many potential risks in cybersecurity when it comes to blockchain technology. One of
the biggest risks is that the blockchain can be hacked. If someone is able to hack into the
blockchain, they could potentially steal the information or money that is stored on it. Another
Mariona Muñoz and Natalia Sanchez

risk is that the blockchain could be used to spread malware or ransomware. If someone is able
to hack into a blockchain, they could potentially use it to spread malware or ransomware to all
of the users on the blockchain.

Who would benefit from the use/introduction of blockchain technology?

1. Businesses: Blockchain technology can help businesses protect their data and systems from
malicious actors, as well as provide a secure platform for conducting transactions.

2. Governments: Governments can use blockchain to secure their networks and data, as well as
to ensure the integrity of their voting systems.

3. Consumers: Consumers can benefit from the increased security that blockchain provides, as
well as the ability to securely store and transfer their data.

4. Cybersecurity Professionals: Cybersecurity professionals can use blockchain to develop more

secure systems and applications, as well as to detect and respond to cyber threats.

Who would lose out due to the use/introduction

The people who would lose out due to the use of blockchain in cybersecurity are those who are
not familiar with the technology and lack the resources to implement it. Additionally, those who
are not able to keep up with the rapid pace of technological advancement may also be at a
disadvantage. Finally, those who are not able to afford the cost of implementing blockchain
technology may also be at a disadvantage.

What costs would there be?

There would be significant costs in cybersecurity in order to protect the blockchain from
malicious actors. These costs could include the development of new security protocols, the hiring
of cybersecurity experts, and the purchase of security software. As blockchain technology can
help to improve the security of digital transactions and data, it is likely that the cost of
cybersecurity would be reduced in cases where blockchain is used.