Think Blockchain’s Automatically Secure? Think Again

When the price of a single Bitcoin jumped from $1,000 to $20,000 last year – and then promptly plummeted in early 2018 – the critics said the endemic volatility of cryptocurrencies would kill off any chance of broad adoption.

No such blandishments, however, have accompanied predictions about the viability of the blockchain technology that underlies cryptocurrencies. Indeed, keen interest in blockchain’s potential has resulted in a beehive of development activity.

The Enterprise Ethereum Alliance now boasts more than 200 members and 17 working groups focused on establishing standards for projects adopting the technology. At the same time, the Linux Foundation’s Hyperledger group counts 231 organizations working on more than 400 projects.

Yet while the technology is generally believed to be secure, organizations shouldn’t assume that makes it automatically safe to use.

Read more at Symantec

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The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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