Blockchain a new weapon in the arsenal to improve cybersecurity; here is how blockchain can help improve cybersecurity

Cyber attacks in the digital world nothing new and have been a concern for organizations for decades as the hackers are improvising their way to initiate a cyber-attack from any part of the world. According to a Blockchain development company, offering cyber attack management services using blockchain, this technology started its journey with Bitcoin and has now popularly grown into a promising technology best used for cybersecurity applications.

What is Blockchain technology?
Blockchain technology is basically a distributed ledger technology or DLT which works as the base of cryptocurrencies such as Bitcoin and Ethereum. This new form of technology provides us with the ability to record and transfer information in a secure and transparent manner. Now, blockchain has moved beyond its beginnings and is adopted by several other organizations such as banks, health, insurance, etc to be applied for limiting cyberattacks.
This technology is spreading roots across different industry domains because of offering transparent and verifiable transactional information. Blockchain application development in India has skyrocketed as it helps in operations using a decentralized platform and this technology requires no centralized body to supervise, thus making it best to be applied to tackle cyberattacks. When it comes to security blockchain technology could help us in protecting sensitive data, and as the name suggests it is a chain of digital blocks or a network of blocks containing information of real-time online transactions.

In the digital domain cybersecurity is the only concern of any online service provider in the industry. The implementation of blockchain in the online process can help in securing the most sensitive information from malicious attacks.

Here are the various ways blockchain can be to prevent cyberattacks regardless of the industry it is being used in –
According to the companies offering Blockchain development services, it is a DLT technology that operates on a distributed ledger network with multiple networks of users. With the application of blockchain, any user of the network is able to add information, and the data is cryptographically secured as well. As suggested by the blockchain development service providers offering Blockchain application development in India blockchain can help protect your data from cyber threats with the –

•    Application of a decentralized network
The blockchain network works on a decentralized system, dispersing any regulatory power from a governing or supervising body. Regardless of the size of information, it will be passed through the network and then it will be updated to all the participants of the network effortlessly. However, in terms of any changes being made, it can also be validated by all the network participants as well. The data is updated gradually each and every participant of the blockchain network receives the information at all times and in an updated format. Hence, this technology is best at providing a safety net to offer protection for cyberattacks in an effective manner.

•    Application of security features to secure DNS and DDoS
A DDoS or Distributed Denial of Service attack occurs when a user base is being targeted. Some of the commonly attacked user bases include network resources, servers, and official websites where access to services can be denied to the target resource as a result of a cyberattack. Blockchain development services designed to prevent cyberattacks can provide a safety net and keep your data protected at all times. DNS or Domain Name System works in a centralized manner which makes it vulnerable to cyberattacks and the hackers are able to infiltrate connections made between the IP address and the website name. Blockchain can be applied to diminish such attacks with the application of decentralized solutions and even all the vulnerable points if any.

•    Application of an immutable process
Blockchain technology has the potential and offers some interesting security features which can certainly help in protecting your data and make it tamper-proof as well. It can also be defined in a way that once the information is being fed into the blockchain network, it cannot be tampered with or deleted by any chance.
However, in case of any changes are made information will be updated to all the network participants who have the authority to prevent any further unauthorized access. This security feature offered by blockchain helps in keeping the data unchanged and unaltered forever. This security feature does even help in the data audit process and is a cost-effective way to restore the integrity of your sensitive data.

•    Application of hashing and cryptography
Cryptography and hashing both are complex mathematical algorithms that are being developed only for preventing cyber-attacks. Each and every transaction happening is cryptographically hashed and is even stored in the blockchain network as well. On the other hand, Hashing is another way of putting in values and apply them in form of a hashing algorithm in order to create a whole new value to be named as a hash digest, and the digest is of fixed length based on the algorithm used. In terms of data security, it can be quite tough to guess the value, as any form of value change in input might completely change everything in an unpredictable manner.

According to a Blockchain development company, companies are working at their best to find solutions to cybersecurity, and use blockchain technology is the best tool to be used to protect your data from cyber threats. However, blockchain can only be the best way to prevent potential frauds and decrease the chances of your data being compromised.