Blockchain is rising
When we talk of 'use cases' we are assuming that we are interested in which parties are currently using the blockchain to secure their transactions on the network in the cyber-security market.
Well, back in 2009 Bitcoin was the first true blockchain technology that is now very close to mainstream adoption, and this would fall under the financial/trading enterprise vertical for me at the moment. This corporate vertical has been using Bitcoin for the longest time so far.
I found an article of the list of companies that are currently integrating blockchain into their businesses as we speak.
Source: Storj - a storage based blockchain
Bigger rewards equals bigger risks
But getting back to our question, it seems that cyber-security firms are just getting to grips with the blockchain, and I can't think of a single firm in that space that is not linked to either the financial or trading sectors - please leave a comment below if I am wrong??
The biggest cyber risk to blockchain is a 51% attack in which 51% of all the computing power attacks consensus to skew it in its own favour.
Several other attacks on the blockchain have also been documented recently with hackers managing to steal $160 million US from the exchange Bitfiniex last August 2016. In this case as in most, the problem was not with the blockchain itself but rather problems with the public key storage.
As we move towards a more dencentralized systems with blockchain technology there are enormous profits and savings to be made, but we must also balance it with security that is equally as large. Just like https://, blockchain is no exception. Steem on safely my friends!
:9 steem with protection, like against HIV :9 I am a bad one :P
Viruses will soon be upon the blockchain one day I'm sure Ale! They get everywhere!!
P.S. My other blockchain post today can be found here: https://steemit.com/blockchain/@mindhunter/pokitdok-aim-to-bring-blockchain-to-healthcare-with-help-from-intel
I think blockchain is the antidote against viruses. Everything is changing, everything is going to change.
Good article!
Agreed @necrus ... and we are its pioneers on this platform. Amazing!
It's great to see more posts like this to round-out the discussion as we move forward with crypto and this platform. Great post!
Steemit is but the first chapter and the first page of blockchain ... and guess what? Were all on it @hansikhouse :))
I truly believe that blockchain could the first stepping stone in cyber security. But there are others functions like ring signature technology that could be used in the future
It's almost like we've just written the first sentence in the book of blockchain. Places like Steemit just make me so excited @astuteglasses :) Steem on ... into blockchain!
Exactly the first of many more
This blockchain clean slate is all ours ... before the hordes arrive!