We can say that year 2017 was totally the year of cryptocurrency and blockchain. Cryptocurrency has changed the way of investment and blockchain open the door for new innovation. In future blockchain will have impact on nearly every industry. Now in this post we will see how blockchain have impact on cyber-secruity.
Banking, fianance and real state so called usual suspect of blockchain. But blockchain has an inherent connection to cybersucrity. It offers a different way to store information, making tansaction, performing function and eatablishing trust. These factors make it especially suitable for high security recquirment.
REMME, a blochchain based startup, makin passwords obsolete. Using blockchain businesses can authenticate users and systems without the need for a password. This eliminate the human factor in authentication process. This why it has high potential to boost cyber-security.
No matters how much money a company is spending on secruity, all this effort are not enough to prevent the cyber attacks, if the employees and custmor use the password for authentication, as it can be broke or steal.
Decenteralized system is better than centralized one which is vulnerable to cyber attack. Instead of password, REMME gives specific SSL certificate which is managed on blockchain. It is virtually impossible to use fake certificate by malicious hacker.
Blockchain is growing rapidally and it will transform the world. It makes technology more significance in our life.
Read more about blockchain in my upcoming post.
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