IBM Covers How Blockchain’s Distributed Ledger Tech Improves Transparency in Cybersecurity

The blockchain technology has become a tool that is applicable in a number of industries plus numerous use cases that helped in its growth in the market each day.

As a result, it has led the government and the businesses within the market to turn to the blockchain technology for their everyday uses, some of the reason for this is the faster transactions it is able to offer, the technology has been able to eliminate the middle man, and many more.

When we look at the cybersecurity sector, blockchain technology has been able to create numerous opportunities that have not yet been envisioned before. With the use of the best security and cryptography, it makes a lot of sense for users for the blockchain technology to introduce new ways that information could be stored, enable trust within industries and make safe transactions.

The Properties Within The Blockchain Technology

The essential features that have been designed within the blockchain technology are complicated for others to emulate with any other technology that is within the market. Thus, it is the reason that it has been observed by many as a revolutionary technology. The combination of its decentralized features, security, immutability, and transparency it immediately creates a notion of trustlessness.

It is that trust that the vendors within the system are expected to sell is no longer required; this is thanks to the blockchain technology.

The blockchain technology is decentralized, what this means is that it will not require to have a central point of control. Instead, the system has been designed to rely on the consensus protocols that is across a network of different nodes; this helps in the confirmation of a transaction that has been done within the system.

Thus, in such a situation, the participants that are within the network will need to ensure that they have agreed unanimously for the addition of a new block, and this must be done while still providing the integrity of the system.

Looking At Cybersecurity As A Case Use

One of the significant issues that have faced users within the cybersecurity community is the lack of means to know the security vendors that they can trust. With the security vendors, they are able to make all the claims that they would want, this is in regards to the effectiveness, performance, detection capabilities and many more, but as a customer, all you have to do is take their word for it.

But this is where the blockchain technology comes in to help. With the technology, the customers using the cybersecurity services will be able to easily verify that the web attacks that are taking place are legitimate.

It Is Helping In Going Trustless

False positives have become a significant selling point for the security vendors, which has become a defining factor that has been able to determine the effectiveness and accuracy of the security solutions.

The false positives have become legitimate requests that have mistakenly been detected as being malicious, thus blocked. As for the false positives, these are the malicious requests that don’t get caught or even blocked, and at times they could be passed to be legitimate.

As we know the records that go to the blockchain technology are challenging to alter, thus, instead of just taking the word of the security vendor, you are able to refer to the blockchain technology to verify the threat data, this in including the false positives.

There Is Transparency That Is Enjoyed By All

With the use of blockchain technology, it has made data to be transparent in a manner that it did not exist in the financial systems. As a result, it is the reason why many people argue that this could actually be used as the new standard when it comes to transparent levels.

There Is Foolproof Detection For The Cybersecurity Compliance

There is added trust for the significant players who are within countries with stringent regulations, and with the cybersecurity laws, it will be able to benefit them greatly if the threat data has been decentralized.