Acreto Iot Security

Blockchain Security Not Practical - Audio Article

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Synopsis

Blockchain, it slices, dices and juliennes, but is there a Blockchain security Function? The industry portrays that Blockchain will solve the world’s woes. Legacy companies like IBM, HP and Dell are touting Blockchain as the cure-all for anything and everything. Blockchain security seems to be the latest craze. In fact, the ‘Blockchain as a security savior’ message is so ubiquitously promoted and repeated, it has become an accepted fact. For many, Blockchain is not just secure – Blockchain IS security. We’re here to tell you its not. Here’s why: Crypto technologies and its variances such as Blockchain were designed to fulfill the following capacity as… Denomination - Blockchain functions as crypto-currency, with a specific market value. Transaction Processing - Blockchain exists as a denomination-independent way to process financial transactions, similar to a credit card. Data Validation - Blockchain validates and verifies non-financial transactions and content. Blockchain provides a decentralized way to pr