Blockchain has been called a “truth machine.” While it does eliminate many of the issues that arose in Web 2.0, such as piracy and scamming, it’s not the be-all and end-all for digital security. The technology itself is essentially foolproof, but, ultimately, it is only as noble as...
ChainSQL solves the data integrity and reliability issues of the distributed databases by using the blockchain technology and still keeps the fast query processing of the distributed databases. ChainSQL features a secure design due to the authorisation requirement to access the personal user data. The...
Blockchain technology is improving transparency and accountability across the supply chain. Companies are using applications to track and trace materials back to the source, prove authenticity and origin, get ahead of recalls, and accelerate the flow of goods – in nearly every sector. One area ...
The luxury of having Blockchain technology as an open-source technology does not captive the creativity one can bring to it. However, a balanced trade-off is required when weighing between the desired characteristics and the unwanted vulnerabilities. Some of the open issues relating to and future...
But here’s the thing: the open-source nature of blockchain technology, the excitement it has generated, and the rising value of the underlying tokens have encouraged a global pool of intelligent, impassioned, and financially motivated computer scientists to work on overcoming these limitations. It...
A big part of the security advantage conferred by blockchain technology comes from its public nature. Small networks or private blockchain systems are more vulnerable because they require fewer resources to disrupt. Distributed control is a big security advantage at larger scales, but without it you...
Blockchain technology achieves decentralized security and trust in several ways. To begin, new blocks are always stored linearly and chronologically. That is, they are always added to the "end" of the blockchain. After a block has been added to the end of the blockchain, previous blocks cann...
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“gain control over more than half of a blockchain’s compute power and corrupt the integrity of the shared ledger. … While this particular attack is expensive and difficult, the fact that it was effective means that security professionals should treat blockchain as a useful technology—not a...
Blockchain is best known as a sophisticated and somewhat mysterious technology that allows cryptocurrencies to change hands online without assistance from banks or other intermediaries. But in recent years, it has also been promoted as the solution...