The potential of blockchain technology for non-monetary uses has particularly come to the forefront in the past few months. Bitcoin, the digital currency, can be regarded as the first successful application of the blockchain technology.
Ben Rossi writes on Information Age that as with other open source movements, the different stages of the blockchain ecosystem are being developed: first the core protocols (Bitcoin, Ethereum and other platforms); now middleware, from Consensys; and then applications.
Rossi noted that with security and privacy at the core of the blockchains, a holistic view of the technology includes user identity security, transaction and communication infrastructure security, business security through transparency and audit, and security from malicious insiders, compromised nodes or server failure.
Matthew Johnson, Chief Technology Officer of Guardtime said, “As the world becomes more connected critical infrastructure will be even more exposed to cyberattack and today those tasked with defending infrastructure do not have the tools they need to guarantee the integrity of that infrastructure.” For the full article click here
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