Role of blockchain technology in critical infrastructure security
Digitization has been the biggest boon for mankind, it has made the work faster, and business operations more seamless, but at the same time, it has also increased the probability of cyberattacks. The vulnerable platforms make it easy for hackers to intervene in the system and cause a data breach. The growing use of digitization has led to the shaping up of various malicious attacks like malware, ransomware, phishing attacks, and data manipulation. Well, the impact of these malicious attacks is not limited to just an attack on data, rather there has been some massive destruction like the one in Ukraine in 2015 which led to the shutdown of the power grid. Hence, there is a need to gauge through the use of the present platforms and make it infallible. Blockchain can prove to be helpful here.
Blockchain is a distributed ledger technology that was once known to be an underlying technology for Bitcoin exchange, but it has now expanded its zone and emerged as the mainstream technology supporting other technologies like artificial intelligence, machine learning, data science, big data and more. Its expansion has its share in every business vertical, from food to finance, human resource to marketing, every segment can reap the benefit of Blockchain technology. Talking about technology, Blockchain works on peer-to-peer interaction. Thus, it nullifies the need of having a third-party intervention, thereby making this DLT platform more efficient.
How will Blockchain improve the security infrastructure?
Network security and data confidentiality are the key concern for all. Since the conventional platforms that we are using are prone to data attacks and threats, there is a need for a system which is far more secure and safe. The best solution for this could be Blockchain. The technology allows storage of data which is time-stamped. Encryption and cryptography are the two key features of Blockchain technology that makes the data on the DLT platform absolutely safe and secure. Moreover, every information stored on the DLT is in the form of Blocks, and each block is attached in a particular sequence. Any change or alteration in it will start reflecting in the system. Thus giving the user more control over the data.
However, Blockchain has its own set of drawbacks, like the public blockchain is open to all. It means that anyone can access the platform, so, to enhance the safety and security of this platform, Blockchain developers created the permissioned Blockchain, which is specially designed for enterprise users. Thus ensuring enhanced security and making the system infallible. This way, Blockchain ensures a higher level of safety and security of the system.
What’s next?
Owing to the multitude of use cases of Blockchain technology, it has become a lucrative field of interest for both the investors and the ones who are willing to make a career in this domain. The number of jobs and the demand for skilled Blockchain professionals is going to increase with time.
You can enrol for Blockchain certification and be a part of the successful bandwagon, thus opening a gateway of opportunities for all. Blockchain Council is providing the best online Blockchain certification program. This comprehensive learning program is a blend of classroom learning and practical application. For more information on this, connect with the Blockchain Council today.
