Can blockchain be the right ammunition for fighting cybersecurity? Here is how it can be!

Cyber attacks in the digital world are nothing new and have been a concern for organizations for decades as hackers are improvising their way to initiate a cyber-attack from any part of the world. According to a Top blockchain application development company, offering cyber attack management services, using blockchain might have the potential for lowering cyber attacks. This new breed of technology started its journey with Bitcoin and has since then popularly grown into a promising technology applicable for cybersecurity.

Blockchain technology; the basics of this newfound technology!

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. As per the blockchain experts of a Blockchain development company, this technology is basically a distributed ledger technology or DLT which works as the base of cryptocurrencies such as Bitcoin and Ethereum. This newfound 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.

Holding much potential, blockchain technology is spreading roots across different industry domains because of offering transparent and verifiable transactional information. Apart from being applied to fight cyber threats the technology is skyrocketing by providing assistance with 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.

The “How” and “Why” about blockchain technology being applied to diminish cyber threats -According to the companies offering data security services, Blockchain security is a whole new breed of data security application working on DLT technology and operating 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. Here is how blockchain technology can help you protect your data from cyber threats –

•    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.

•    Application of security features to secure DNS and DDoS
DDoS or Distributed Denial of Service attack takes place when a particular user base or a target audience 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 cyber-attack.

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.


•    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.

According to a Blockchain development service provider, companies are working at their best to find solutions to cybersecurity, and using blockchain technology can be the best tool for protecting your data from cyber threats. Blockchain does have the potential to lower cyber attacks as cybercriminals are developing new skills and are highly experienced experts who can orchestrate the attacks which can be tough to stop using traditional security measures.