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How Blockchain is Buffering Cyber Security Initiatives

by Kelly Hansard 3 months ago in blockchain
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Blockchain is infiltrating every industry and it's here to stay.

https://kellyhansard.net/how-blockchain-is-buffering-cyber-security-initiatives/

Blockchain technology is beginning to influence all areas of our lives. Cybersecurity is an industry that has been significantly affected by this technology and maybe more so in the future.

The goal of blockchain technology is to secure the financial transactions that are conducted in the cryptocurrency markets. Despite its various security threats, the company is still committed to providing the best possible security for its users. This is evident in its continuous efforts to improve the efficiency of its operations.

Old Software

One of the biggest threats companies face today is the lack of proper user interface security. This is because many consumers do not understand the importance of maintaining a healthy online lifestyle and cyber security. Unfortunately, outdated software systems can still expose their users’ sensitive information. Getting the latest security protocols is often free or at a minimal cost.

Advanced Tactics

In addition, hackers are constantly looking for new ways to attack their way into computer systems. One of these is by developing artificial intelligence and robots that can perform data search and analysis on a massive scale. These methods are very efficient because they can analyze hundreds of records in a second. Attacks on blockchains are similar to those on other online security systems.

Smart Contracts

A smart contract is a type of contract that various companies in the financial industry use to process transactions. It can reduce the time it takes to complete a financial transaction by allowing both the seller and the buyer to sign a document. Traditional contracts typically involve multiple parties, such as a legal representative, a trustee, and a title company.

Before using smart contracts, the typical processing time for transferring documents usually took several days. With the use of smart contracts, the time it takes to complete a financial transaction has been reduced to a few minutes.

Aside from reducing the time it takes to complete a financial transaction, smart contracts also make it safer. Blockchain technology ensures that smart contracts protect financial transactions from unauthorized access. By layering the various steps of the process with high security, blockchains can prevent unauthorized persons from seeing the transactions.

ABOUT KELLY HANSARD

Kelly Hansard is a young professional who has already formed an impressive resume for herself. Based in Austin, Texas, Kelly has jumped headfirst into a career in program management.

In this current role, Kelly Hansard manages strategic initiatives at an enterprise software company. She is able to lend her expertise to the organization while also learning from her superiors. Kelly is proud to be involved with an organization that prioritizes the growth of its employees, open communication and provides feedback when needed. She has already learned and applied many of these newfound skills and pieces of knowledge that are sure to accompany her throughout all stages of her career.

Kelly Hansard loves embracing her passion for travel and visiting new places throughout the year. For Kelly, travel is not just a privilege in life – it is a necessity.

Travel is often a form of self-expression and self-growth. Throughout her youth, Kelly emphasized the importance of travel in her life and used it to learn more about the world around her. These experiences helped shape Kelly Hansard into the woman she is today and formed her into a well-cultured individual the more often she experienced new parts of the world. Her college years spent at the University of Texas, where she earned her MBA, allowed her many opportunities to learn about new cultures. Wanting to take advantage of her youthful freedom, Kelly took every chance she could get to embark on trips.

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About the author

Kelly Hansard

Based in Austin, Texas, Kelly Hansard is a young professional who has has jumped headfirst into a career in program management. Kelly Hansard loves embracing her passion for travel and visiting new places throughout the year.

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