In this digital world especially in pandemics, nothing seems to be resistant to cyberattacks, criminals can break any computer system and accounts. Cybercrime costs individuals and businesses an estimated $500 billion a year. Also, our current security protocols cannot keep up to protect high secret information with a guarantee. (i.e., DDoS attacks, a phishing email to a credentialed employee can expose the data of millions).
To address these challenges, we propose a blockchain-based framework to boost cybersecurity. Blockchain technology can enable trust in a peer to peer network in a decentralized manner. Blockchain will introduce more agile value chains, quicker product innovations, and smooth integration with IoT and cloud technology.
Recently, NASA decided to implement blockchain technology in order to boost cybersecurity, and prevent denial of service and other attacks on air traffic services. Clearly, blockchain is emerging as a very viable technology when it comes to protecting businesses and other entities from cyber attacks.