Blockchain platform can help fight cyberattacks

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Imagine a computing platform that would have no single point of failure and would be resilient to the cyberattacks that are making the headlines these days. This is the promise behind blockchain, the distributed ledger that underlies cryptocurrencies like Bitcoin and Ethereum and challenges the traditional server/client paradigm.

In 2009, Bitcoin became the first real application of blockchain, a secure decentralized monetary exchange platform that removed the need for central brokers. More recently, blockchain has proven its worth in other fields.

Blockchain is the culmination of decades of research and breakthroughs in cryptography and security, and it offers a totally different approach to storing information and performing functions, which makes it especially suitable for environments with high security requirements and mutually unknown actors.

The concept is already being used in several innovative ways to enhance cybersecurity and protect organizations and applications against cyberattacks.

Read the source article at TechCrunch