Blockchain

Blockchain, in the simplest definition, is a digital ledger shared among a group. Only members of that group can make changes by agreement. Each “block” is a separate piece of digital information, located in a “chain” that cannot be altered without changing the other blocks. This makes the ledger system decentralized, and the information transparent.

Can blockchain technology help cybersecurity? Blockchain’s underlying capabilities and unique features offer potential, but factors such as scalability have to be considered. It is also important to ensure that the right security controls and standards are put in place. Reviewing blockchain use cases can help determine whether it can deliver for your organization.