TECHNOLOGY
transactions across a network of computers in an immutable and transparent manner . Each transaction is grouped into a block , which is cryptographically linked to the previous block , forming a chain .
This chain is maintained by a network of nodes that validate transactions through consensus mechanisms , ensuring that no single entity controls the entire network .
It ’ s the decentralised nature of blockchain that generates interest in its use in a cybersecurity context .
“ Blockchain is revolutionising cybersecurity by offering a decentralised and immutable platform for data storage ,” adds Umashankar Lakshmipathy , Executive Vice President at Infosys . “ Its key foundational principles are helping solve key cyber challenges in data security , identity verification and data privacy area .”
Bolockchain ’ s decentralised and immutable characteristics can significantly enhance data security and integrity by eliminating the need for a central authority .
154 October 2024