For Blockchain, the second quarter of 2017 was indeed quite impressive for blockchain companies as well as investors. Blockchain will now be impacting several industrial set-ups.
While banking, finance and real estate are making much headway even industries such as education; social media and security are also being disrupted by the blockchain-powered startups. Blockchain technology has, no doubt, an inherent connection to cybersecurity.
Blockchain technologies are in fact the culmination of decades of research as well as breakthroughs in cryptography as well as security. It does offer a totally different approach to the storing of information, making transactions, performing functions, and establishing trust, which does make it especially suitable for environments with high-security requirements.
Several innovative companies to explore the advantages of blockchain technology in resolving the pressing security issues of our present times.
Guardtime the detects and mitigates cyber attacks in real-time
Guardtime, which was founded by Estonian cryptographer Ahto Buldas, is, of course, a data security startup that has been in existence since 2007. It is now placing focusing on blockchain technology in order to secure sensitive records.
REMME is making passwords obsolete
With REMME’s blockchain, businesses can definitely authenticate the users and devices without the need for a password. This does eliminate the human factor from the authentication process, thus preventing it from becoming a rather potential attack base vector. The focus of Remme has been on the use of simple logins.
REMME is actually built upon the premise that a decentralized system is rather better as compared to a centralized one, which is indeed vulnerable to attacks. In fact, REMME does leverage a distributed public key infrastructure to authenticate the users as well as devices. Rather than a password, REMME does give each device a specific SSL certificate. The certificate data is indeed managed on the Blockchain, which does make it virtually impossible for malicious hackers to make use fake certificates. The platform also makes use of two-factor authentication to further enhance the security for its users.
Obsidian ensures the privacy and security of chats
Messenger services are being much in usage in the internet services all across the world and the focus is upon the apps that are already being used for payments and also to engage users through chatbots. Obsidian makes use of the blockchain-decentralized network, which cannot be censored or controlled by any single source.
Obsidian Messenger will also be implementing a parallel network for the exchanging of payloads such as data and files, and the platform will also provide a means to exchange its own token.
The future looks bright for blockchain-based security platforms
Blockchain technologies are indeed here to stay. They will in all probability help us to protect as individuals, companies, and governments. Bitcoin along with its underlying blockchain has proved to be resilient, and the numerous new blockchain technologies do offer much promise in terms of extensibility and robustness.
