Cyber Security through Blockchain Technology

Abstract

Blockchain technology has seen adoption in many industries and most predominantly in finance through the use of cryptocurrencies. However, the technology is viable in cybersecurity. This paper looked at several use cases of Blockchain in the cybersecurity industry as envisioned by 30 researchers. It found that most researchers are concentrating on the adoption of Blockchain to protect IoT (Internet of Things) devices, networks, and data. The paper examined the ways highlighted by previous researchers through which Blockchain can afford security to the three problematic areas in IT. Lastly, the paper recommended that future researchers focus on a single Blockchain on which to develop cybersecurity applications to allow for integration and uniformity among solutions.