The Future Use Cases of Blockchain for Cybersecurity are not difficult to uncover. The first use case that comes to mind is that of government use. The United States government has been putting in place measures to protect its citizens from outside attacks. One of the most obvious would be to use encryption software that is controlled by the government and computers that are in government buildings. This will eliminate the need to share any passwords or other means of securing information between computers.
Another use case comes to mind is that of corporate use cases. Corporate networks are being stretched across the globe and this means that companies are much more exposed to attack from other countries. For example, a hacker could create viruses or other malware that allow them to penetrate the firewall of a company’s computer systems and steal sensitive information or passwords. The solution to this would be to install layers of defense within the company network. One of the most obvious would be to install a system that encrypts the data traveling through the network.
The Future Use Cases of Blockchain for Cybersecurity do not end with government use cases. Private sectors have also identified the need to secure their networks. The most common use case is for banks to use a distributed ledger to keep track of all of their customers financial transactions. This allows the bank to monitor their risk of notifying their customers of any irregularities in their accounting practices.
Some use cases for the Future Use Cases of Blockchain for Cybersecurity revolve around the use of the internet as a way to secure data and communications within and outside of a company. A popular use case is that of email. Many companies now use email as the primary means of communication within their company. Email providers often provide encryption to make this possible. An email service that does not provide this encryption would be an open invitation for hackers to intercept all of your company’s data.
Another use case is that of chat rooms. These provide an environment for free speech. Anyone can enter and speak, regardless of their location or time of day. Companies would be well served to take steps to make sure they are not susceptible to DDoS attacks. A DDoS is a collective attack by several groups of people on a network. If an attacker were able to get control of a large portion of the chat room’s users, it would take down much of the infrastructure of that chat room.
The Future Use Cases of Blockchain for Cybersecurity are also an example of how data is being stored. Rather than storing everything on-site in a physical location, there is a trend to move data to off-site locations such as Amazon Web Services (aws) and Google Cloud Storage. This provides a more convenient storage solution and one that offers greater flexibility for businesses. While this might not seem like a use case, imagine what would happen if an organization suffered a data breach and their entire database was stolen. Having a back up service in place could save a lot of headaches and money in the long run.
Security is only one use case of Blockchain for cybersecurity. It’s important to understand the other uses cases so that you can decide for yourself whether or not it is something you should consider investing in. For example, if you want to build a social networking site, you can do that using the same technology that would protect your e-mail. Or, if you want to use the currency trading market, you can have your own virtual bank where all of your confidential information is stored.
All in all, the future use cases of Blockchain for security are very interesting. The idea of securing data is only one small aspect. But it illustrates just how important computers and the Internet are. The Internet provides an almost limitless resource of potential solutions that can be applied practically in any industry.