Blockchain Applications in Cybersecurity Solutions

Cybersecurity and Blockchain

Author(s): H. Saini* and V. Garg

Pp: 26-47 (22)

DOI: 10.2174/9789815080599123010005

* (Excluding Mailing and Handling)


Blockchain technology provides unprecedented security to sensitive data to both businesses and individuals; it has become one of the most famous methods for securing data through a decentralized system. Cybercrime is a serious threat to enterprises as hackers are devising new techniques and implementing them to execute cybercrime. Blockchain technology has the potential to give higher security, which has no limit to keeping important and sensitive information and records. Blockchain is the technology that could go a long way in fighting this and keeping digital information safe and secured. Blockchain technology strengthens cyber security for different areas of industries and plays a vital role in making data more secure with its decentralized technology. Through this chapter, the authors will get to know how blockchain technology helps in providing cyber security to the different sectors of industries with its advantages and disadvantages of blockchain. The author also explores the role of blockchain in cybersecurity and the future benefits of blockchain technology to strengthen cybersecurity.

Keywords: Bitcoin, Blockchain, Blockchain in industries, Challenges with Blockchain, Crypto currencies, Cyber-attack, Cyber security, Data security, Decentralized, Internet of things (IoT).

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