The Applications of Blockchain To Cybersecurity

Abstract

A blockchain is a decentralized public ledger facilitating secure transactions between untrusted network nodes. It has garnered significant recognition for its pivotal role in cryptocurrency systems, where it ensures secure and decentralized transaction records. Over the past decade, blockchain has attracted considerable attention from various industries, as it holds the potential to revolutionize multiple sectors, including cybersecurity. However, this field of study is relatively new, and numerous questions remain unanswered regarding the effectiveness of blockchain in cybersecurity. This research adopted a qualitative research design to investigate the current implementations of blockchain-based security and their applicability in the current cybersecurity context. Additionally, this work explored the mechanisms employed by blockchain to uphold the security triad. Findings indicate that blockchain exhibits substantial potential in addressing existing challenges in cybersecurity, particularly those related to the Internet of Things, data integrity and ownership, and network security. Nonetheless, widespread adoption faces limitations due to technological immaturity, high-cost complexity, and regulatory hurdles. Therefore, utilizing blockchain-based solutions in cybersecurity necessitates a thorough analysis of their applicability to an organization\u27s specific needs, a clear definition of implementation goals, and careful navigation of challenges