Topic: [2017-06-20] Blockchain an inspiring tech for enterprises, but it's attracting (Read 2341 times)

Blockchain an inspiring tech for enterprises, but it's attracting hackers too


As blockchain and Bitcoin rocket in value and becomes mainstream across the world, both ISACA and Proofpoint have published advisories about the technology and the security risks behind it.

Global tech organisation ISACA released a blockchain research report this week, which touts the technology as having 'the potential to transform how value is recorded and transferred'.

The company says that blockchain's openness; ability to facilitate anonymous transactions while ensuring identity; transaction permanence; decentralised infrastructure and the elimination of third party attestation requirements.

The organisation says that blockchain is more than just the most popular cryptocurrency, Bitcoin. Blockchain can be tailored to lodge transaction containing ledger entries for public records, land registries, contract information, coupons, vouchers, payments and many other things.

“Of all the emerging technologies we’re currently seeing, blockchain has the potential to have the biggest impact on businesses and society at large,” comments Ron Hale, author of ISACA’s Blockchain Fundamentals research report.

He says that enterprises are interested in adopting technology - job postings that require blockchain skills have tripled in the past year.

“Early beneficiaries will likely be found in developing countries that have not invested as heavily in current technologies and infrastructures, and will be able to jump technology generations,” Hale adds.

Data61, an Australian data innovation group, believes that blockchain will be important for business and government. The company's chief executive, Adrian Turner, says that Australia can't afford to be a follower.

“It has potential to reframe existing industries like financial services and seed new ones like food provenance and personalised health."

However, blockchain may be secure in and of itself, Proofpoint researchers have discovered that hackers are getting in on the game.

https://securitybrief.co.nz/story/blockchain-inspiring-tech-enterprises-attracting-hackers-too/