How transparency through blockchain helps the cybersecurity community?
Blockchain is heralded as a revolutionary technology that changes the way we store data and conduct transactions. How does the tech fare with cybersecurity? Let’s find out. Ushered into existence back in 2008 to support cryptocurrency, blockchain quickly garnered the attention of people for its functions. Popularly known as a “digital ledger”, a system that can save information with a variety of favorable features, several businesses have begun to focus on this new technology. The question is, why use blockchain for cybersecurity? Blockchain proudly boasts of its core features that makes it so viable - decentralized, immutable and transparent. The three features possess solutions to various problems that are otherwise a hassle with conventional digital ledger technologies. Owing to being a one of a kind technology that is efficient at preventing fraudulent activities from taking place, blockchain is of great help to enforce stringent security protocols for an overall better cyb