Will the use of Blockchain technology improve the security of information transfer on the Internet? Will the development of Blockchain technologies reduce the scale of cybercrime on the Internet?
Please, answer, comments.
I invite you to the discussion.
Best wishes
It could, but "openness" almost goes hand in hand with blockchain. The one area where blockchain may be really useful is identity verification, which could help reduce the risk of the incorrect people getting access to information. So when it comes to proof of identity, perhaps, but I don't know if I'd say yes to anything more than that. Actually, one thing I'd like to work on is biometric proof of identity using blockchain.
Ofcourse it will increase security of the internet when we want to transfer data by the net .bolckchain in very important concepts have been used in security.
It depends on the type of Blockchain, the application domain where the information is being shared, and the access need for that particular use-case! One thing Blockchain can guarantee is definitely trust.
Blockchains are distributed networks and all data in the blockchain is secured through cryptography or some complex Integrity Chains. Bigger blockchain networks with more users have a very lower risk of getting attacked by hackers because of the complexity required to penetrate such a big complex distributed network. Its not easy to break such Integrity chains. So it will definitely improve the security of Information transfers.
No - Blockchain as a solution is awaiting a fitting problem to solve. But I don't think that it is "improve the security of information transfer on the Internet"
Blockchain is a fairytale which promised us Alice in wonderland. But whether or not the red queen will find alice in wonderland has not been very clearly researched on. In another word it does promise perceived security and have gain trust of user through strong cryptographic solutions. However, it's still not sure what kind of privacy breach or violation it can possess as the blockchain thrives on distributed approach which involves data being transmitted through unknown territory.
Till now it is not clear whether Blockchain will improve security or whether there are kinds of privacy breaches( double spending, DDoS, and record hacking
On the other hand we can count a some reasons why Blockchain will improve data security:
Due to data immutability, decentralised nature, consensus algorithms, and the like, it is clear that blockchain can offer privacy to information shared across the internet.
Blockchain has great potential, but regulators won't allow it to be used in financial services (The Federal Reserve has a good paper on the subject) because of lack of security and authentication at the endpoints. Blockchain does a decent job of protecting information, but has little protection for the network it is deployed on.
yes, it will add security and integrity to the information, but the unanswered questions is When .
The information transfer security is handled by the block chain, however, user privacy is still an under-investigative concern.
There are two issues that are very different: information security and network security. DLT does a good job with the former and fails the latter.
The above question inspired me to the following considerations: Blockchain and machine learning are key advanced information processing technologies typical of the current fourth technological revolution, known as Industry 4.0. The involvement of Blockchain for machine learning is an interesting combination of technologies. This type of technological connection creates new opportunities in the scope of building security of information systems. Greetings
It must be remembered that blockchain does not secure the network or access points and is vulnerable to having unauthenticated endpoints on the network,
Dear Colleagues and Friends from RG,
Information contained in publications describing the use of Blockchain technology shows that there are applications of this technology to improve cybersecurity data transfer systems in the Internet. Apparently, Blockchain technology allows you to build internet data transmission systems with a high level of security. That is why financial institutions, including banks, are starting to use Blockchain technologies to improve security systems of data transfer via the Internet as part of online electronic banking. Do you know examples of banks that use blockchain technology to improve the security systems of data transfer via the Internet as part of online electronic banking? Are Blockchain technologies already used to improve cyber crime risk management processes in online and mobile banking?
What is your opinion on this topic?
Please reply.
I invite you to discussion and scientific cooperation.
Thank you very much.
Best wishes.
Dariusz Prokopowicz
Dariusz Prokopowicz Block-chain definately powers the security issues of online transfer.
Dear Argha Ghosh, Thank you for your response. Yes, I agree with your view on this point that Blockchain technology improves online transfer security instruments. Therefore, among others, commercial banks are also implementing Blockchain technology to improve cybersecurity systems.
Best regards,
Dariusz Prokopowicz
Dear Mohammad Rasoul Momeni,
Thank you for participating in our discussion and confirmation of my theses regarding the possible applications of Blockchain technology in improving the security of data transfers on the Internet. Best wishes,
Dariusz Prokopowicz
Blockchain technology finds various applications in the field of highly secure data transfer and financial settlements carried out on the Internet.
Regards,
Dariusz Prokopowicz
Dear Jaydip Datta,
Thanks for the reply and for following this discussion.
Thank you, Regards,
Dariusz Prokopowicz
blockchain technology can enhance the security of information transfer on the internet and contribute to reducing cybercrime in specific contexts, it's not a panacea. Effective cybersecurity requires a multi-faceted approach that includes robust network security, user education, threat detection, and regulatory measures. A collaborative effort from industry stakeholders, governments, and cybersecurity experts is essential to address the evolving landscape of cyber threats.
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