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When Bitcoin first arrived on the scene, the only purpose it could serve was to allow monetary transactions on a decentralized network. However, over time Bitcoin has been overshadowed by its underlying blockchain technology. People start thinking about the countless possibilities through the use of blockchain.
Today there is a myriad of use cases to which the blockchain addresses. It is a more secure, transparent and reliable platform, so it is incorporated into various computer systems to enhance their security. Undeniably there have been a lot of reported cases of cryptocurrencies stolen from their holders, but the blockchains remain tamper-proof, do not expose vulnerabilities. This is what made the blockchain such an ideal inclusion to protect various platforms.
With the passage of time, technology has made progress, as do the hateful minds of hackers, who every day find new ways to design malware. Technologies that are in their early stages have room for improvement, backdoors that need to be discovered and sealed to prevent malicious attacks. Blockchain which offers the promise of being immutable and tamper-proof can be integrated to ensure these platforms. The field of Artificial Intelligence has made unreachable progress, with more and more operations accomplished by the use of IoT, and the need for these platforms to be completely incorruptible is unmovable.
The IoT connects the hardware to the software to transmit valuable information, is subject to attacks as it is fed to a centralized system, making it therefore vulnerable, without any other entity being able to maintain its validity under control . Hence the need for decentralized platforms. The blockchain being transparent, can be visualized by all the nodes of the network that potentially removes the threat of system corruption. It goes without saying that the data have become an invaluable asset. To protect this precious asset, the inclusion of an untrustworthy solution that guarantees transparency and security has become mandatory.
The explosive growth of data has made security and management of an insurmountable task. Only a few decades ago, data was stored on paper and now there are huge data centers around the world to store data. Most of this data is acquired by people using social media and the impression is given that the service is offered for free, but data sets made up of data acquired from these users are sold to large amounts to the companies. . In this way, users end up taking advantage of it.
The security dilemma has caused concern to companies around the world. Specifically, the institutions that used IoT. In a recent report published by Gerald, only 48% of companies in which IoT is employed are able to perceive an infringement. The Internet has grown and the data is everywhere. Centralized institutions can be easily hacked, where data is amalgamated. This implies that all data is locked behind a door. A single key can expose the entire reserve while in the decentralized systems, each node holds its own private key. There is no single point from which any other data source can be exploited.
Blockchain can be considered the innovation of the century, but this does not imply that it can meet all security needs. It is a technology that is still considered in its infancy, where there is room for growth and improvement. However, it is a very useful tool, an idea or a basis on which further development can take place, which could ultimately make all the artificially intelligent systems of the network untouchable.
