Blockchain Can Improve The Cybersecurity Of ICT Software And Assurance
The digital landscape is rapidly transforming with disruptive technologies getting more advanced each year. More businesses are leveraging blockchain technology to enable security and protection of transactions, chains of origin, and identity control in a global system of multiple stakeholders. It’s because blockchain works on distributed ledger technology that allows transactions to be distributed across the entire network.
The execution of recording key information in blockchain is immutable and transparent to every participant and is impregnable to any change or external interference. The benefits that blockchain offers are widely acknowledged across different industries, including finance, real estate, energy, and telecommunications.
The technology efficiently addresses cybersecurity concerns to ensure the safekeeping of information in ICT software. Trust in information and communication technology (ICT) is critical for overall operations in 5G and telecommunications infrastructure, and blockchain technology shows potential for addressing some of today’s existing cybersecurity challenges.
In the same context, let’s understand what ICT is.
What is ICT?
Information and communication technology aka ICT is an umbrella term that encompasses applications or communication devices like computer systems, hardware networks, software, satellite communications, and more. It is the infrastructure and components that enable modern computing and allows people and organizations to interact in the digital world.
The list of ICT components continues to grow. Major components of ICT include software, hardware, transaction processing, communication technology, data, internet access, and cloud computing. ICT has changed how people communicate, learn, work, and live in the digital age. Its importance to economic development and business growth has been labeled as the fourth industrial revolution.
Major Reasons to Adopt Blockchain Cybersecurity
Blockchain offers several design configurations and applications that can enhance software security across all levels of business operations. Here are the major reasons why blockchain in business is preferred to enhance ICT cybersecurity and assurance.
1. Framework for security and trust
Blockchain offers a strong framework for security and trust with unalterable ledgers or transaction records that can be modified, deleted, or destroyed. This means every transaction is permanently recorded, viewable, and verifiable who have access to the network with blockchain cybersecurity.
2. Provides critical integration benefits
Blockchain technology can integrate disparate networks to deliver insights into the importance of individual participants. The technology can easily integrate with other innovative technologies like artificial intelligence to better process identification frauds.
3. Safe and Trustworthy Software Code
Software security’s biggest concern is the threat of backdoors embedded in the software by the original developers. These virtual hatches can be accessed remotely with undisclosed passcodes. These concerns are easily mitigated by blockchain technology as it involves growing chained blocks that contain encrypted information. The chain of blocks can’t be broken into without discovery and the integrity of the chain can be reviewed by anyone among the participants.
This process can check and save software updates and downloads under the right circumstances. Blockchain and cybersecurity work together and have been widely followed for identity management. Also, blockchain smart contracts are used to address challenges such as redeveloping an active chain or patching limitations to ensure software assurance.
How Blockchain Enhances ICT Cybersecurity?
Blockchain reduces vulnerabilities, verifies ownership, and provides strong encryption and integrity. Collaborate consensus algorithms watch out for malicious actions, anomalies, and false positives without requiring a central authority. Let’s know how blockchain can help enhance ICT cybersecurity.
1. Resilience and availability
The decentralized structure supports cyber resilience against unknown attacks, corruption, and downtime. Decentralizing DNSes removes the redundancy in case of a DDoS attack, and distributing ICT technology helps reduce data exposure.
2. Data integrity
The blockchain chain can’t be altered as any request can be executed only with the permission of a consensus after transaction verification. New blockchain designs with additional on-chain signatures enable blockchain use cases that offer paramount blockchain cybersecurity.
3. Authentication of individuals
Various blockchain components can be added for identification protection, authentication, and access control. Blockchain offers multiple built-in security features like cryptography, consensus, contracts, and the use of public and private keys to authenticate identity credentials and attributes.
Wrapping Up!
Blockchain app development companies are continuously evolving, leading to the progression of new use cases. In the continuing future, blockchain technology is becoming an exciting prospect for building confidence in supply chains, transactions, and virtual infrastructure leading to enhanced software security and assurance. The 5G infrastructure of ICT will evolve with the continued adoption of blockchain technology across various sectors. The technology will develop greater cross-border collaboration and bring more communities towards digitization.
