Asian Journal of Information Technology
ISSN: Online 1993-5994ISSN: Print 1682-3915
Abstract
The rise of cyber threats has created a pressing need for effective cybersecurity solutions. However, traditional security measures may not be enough to address the expanding and evolving threat landscape. Blockchain technology has emerged as a promising solution for improving cybersecurity by providing a secure and decentralized platform for data sharing and storage. This study explores the effectiveness of blockchain‐based security measures in detecting and mitigating cyber risks, including applications such as smart contracts and decentralized identity management. The study analyzes the advantages and limitations of blockchain technology and the factors that affect its effectiveness, such as network size, consensus method, interoperability and scalability. The study also highlights the challenges and opportunities associated with the implementation of blockchain‐based security measures, including legal and regulatory considerations. The results of the study show that blockchain technology has the potential to automate security procedures and give users more control over their personal data, thus improving cybersecurity. However, the effectiveness of these measures depends on several factors, including the complexity of the network, the type of consensus method used and the interoperability of different blockchain systems. Further research and development are needed to fully leverage the potential of blockchain technology for enhancing cybersecurity.
How to cite this article:
Vinitha Kandukuri. The Effectiveness of Blockchain Technology in Detecting, Mitigating and Securing Cyber Threats.
DOI: https://doi.org/10.36478/10.59218/ajit.2022.11.18
URL: https://www.makhillpublications.co/view-article/1682-3915/10.59218/ajit.2022.11.18