Hybrid Security Framework for Blockchain Platforms

Abstract

Computer and network security in the most interesting and challenging field in Computer Science. In Cyberspace, no one can guarantee the complete security of any computer system as technology is evolving day by day. Blockchain is an emerging technology and it is still evolving. The probability of a higher security threat rate has been seen in the case of immature technology. However, mature technologies are also not completely secure. One successful attack could cost millions of dollars to the victim organization and damage their public and financial reputation badly. A transaction can be performed anonymously in Blockchain. In many past reported security breaches, attackers are still unknown and untraceable. In this research article, researchers are proposing a more secure and reliable hybrid security framework for Blockchain platforms that can be used as a generalized reference model to counter various security threats in Blockchain platforms.The proposed hybrid security framework can be applied to secure any kind of Blockchain platform. This research could influence future research in the direction of security of Blockchain 1.0, Blockchain 2.0 and beyond.