Effective use of Blockchain to Improve Enterprise Security

Blockchain to Improve Security

Each year, we are witnessing unprecedented innovations. The competitive landscape has become more crowded and cut-throat as each discovery or invention helps to bring many new and improved products or services.

British Anthropologist, Robin Dunbar, suggested a cognitive limit as 150 as the maximum number of stable relationships that can be maintained by any single individual before rules and norms are enforced to broker the trust required. To build a worldwide business, it needs these rules to be applied.

In order to gain access to the blockchain, it is essential to have both private and public keys. Given that accessing data within a blockchain without the appropriate combination of public and private keys is fundamentally impossible, this demonstrates the strength — and weakness — of blockchain technology. It is almost impossible for any hacker to access users’ data without the right keys. Alternatively, all the needs of a hacker are the right keys to access users’ data and do what they want with that data. Proprietorship of keys and content ownership are completely the same in the case of blockchain technology.

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As hackers know, they cannot find any results just by trying to guess the keys of anyone, they started focusing on stealing them a lot of times. Attacking the weakest point in the entire system, hackers found the personal computer or mobile device as the best chance to get keys.

Users should not store their blockchain keys in word documents, text files, or other files from which unauthorized personnel can read them easily. If personal device keys need to be stored, using a reputable application for encryption helps to keep them safe. For any purpose, either of the user keys should not be included in the body of an email to anyone. When sharing by email, it is safe to use the blockchain wallet email feature.

Blockchain From CIO’s Perspective

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