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Aaron Perkins, Senior Security Intelligence Writer, NTT Security
Blockchain technology is bound to revolutionize business security, as expected by a leading security expert.
"2019 should be a year of transformation for the implementation of blockchain technology in the company," said Aaron Perkins, NTT Security Senior Security Intelligence Writer. "While its implementation in the digital transformation of an organization is not a panacea, there are some elements of the blockchain technology that make it safer."
Perkins said this is particularly true with data encryption as it is an integral part of the blockchain, with the added benefit of validation, allowing administrators or end users to verify that their data has not been tampered with.
"Another key element of blockchain technology is its decentralization," he said. "In other words, there is not a single server sitting in a data center somewhere with all the important data on it, your data is distributed over a decentralized network of systems, so even if one or two systems are victims of a cyber attack or other technical problems occur, your data is still safe and unchanged. "
Blockchain, he said, is also difficult to hack: "The hacking of blockchain technology is not impossible, but it is incredibly difficult," added Perkins. "Since attackers tend to take the path of least resistance, and because the hacking of a blockchain solution requires considerable technical expertise, the risk of losing data protected by blockchain is drastically reduced.
But it will probably not be an easy transition, he warned: "Decision makers are invited to explore blockchain technology to determine if it is right for their business and their data," he added. "In other words, do not jump on the" blockchain wagon "because everyone talks about it – as with any company decision, make it informed and help the organization achieve its goals and its goals."
