How We Might See Blockchain Used To Improve Public Safety
The blockchain is hard to ignore as nowadays almost everyone’s talking about it. That’s understandable because it has enormous power to solve business problems. It achieved prominence after it was used as a key building block of the virtual currency. The history of blockchain is short but it has become a revolutionary technology that allows for tracking of ownership of digital and physical capital, documents and other properties. Various business sectors started to adopt blockchain as a key technology in order to protect their assets. There is a number of blockchain’s important features that put most of the customers’ minds to rest.
Decentralization of data. Blockchain was designed as a distributed ledger of information so any changes made to the database are sent to all its users at once. It would take an expensive and complex hacker attack to take control over most of the nodes (computers connected to the network).
Transparency. The biggest advantage of cryptocurrency trading is the presence of a completely transparent trading system. Blockchain itself is the foundation of trust. Any node in the blockchain has got access to transaction history within the network.
Asymmetrical cryptography. In cryptocurrency environment, there is a one-way rule for private and public keys. One can generate a public key from a private key but not the other way. Think of it like a mailbox: anyone can put a message inside it, but only you have got a key to open and get all of them. Here mailbox is a public key and the key to it is a private key.
Moreover, there is a number of public security issues all over the world that the blockchain technology will most likely solve in the near future if it is not doing that already. For example, at the of 2017 a Swiss town Zug started using Ethereum blockchain to store personal identification data of its inhabitants. Online ID registration will also enable access to other e-services such as voting and proof of residency. This way of storing identification information will prevent identity theft and data breaches. Identities will be protected by encrypting and securing it from malicious users.
Besides, blockchain can provide a secure system for sharing sensitive data. Think tanks in the US are urging the law enforcements to consider blockchain as a tool to conduct criminal investigations. Citizens would be able to report crimes on a distributed ledger so that any update on a case would be shared among all the devices on the network. Secondly, it would become easier and more secure to transfer data between police departments. With the help of smart contracts, different levels of data access could also be maintained.
Blockchain has also got the potential to ensure online security by removing the traditional system of logins and passwords. The first blockchain solution is in fact already invented. With REMME’s blockchain, no login or password is needed for authentication. Instead, an SSL certificate is assigned to each device. Certificate’s data is stored on the blockchain so it would take enormous computing power to gain authentication data. This will remove the threat of data breach as to this date most online services’ data storage is centralized. Blockchain will also remove the human factor, which is usually the biggest flaw in security, while still provide convenience for users.
Finally, blockchain can substantially improve the overall security of another revolutionary technology — the Internet of Things (IoT) environment. Data generated by the IoT is quite personal — almost any device in your house can be connected to the Internet nowadays. This is data that is shared with other machines and services in order to be useful to humans. On the other hand, it means more vulnerability since there far more ways for hacker attacks. IoT investors have to be aware of increased scope for a data breach by criminals, rivals or market competitors. For instance, there has been a number of cases where hackers got access to heart implants or security cameras in offices.
All things considered, in one form or another blockchain is a ground-breaking technology that is here to stay. This technology can seriously improve our safety and security, removing the central point of security failure.
SocialMedia.Market is the first decentralized marketplace connecting social media bloggers and advertisers. A solution to the major influencer marketing problems, it creates new opportunities for content monetization, community engagement and audience exposure. The new ecosystem, driven by blockchain technology and social media token, will simplify marketing interaction between business and influencers.
Join our presale here — https://ico.socialmedia.market/users/sign_in
Ask any questions about the project in our chat on Telegram.
You can also find the latest news about SocialMedia.Market on our social media channels: Twitter, Instagram, Linkedin.
