InvestorsHub Logo
Followers 44
Posts 5657
Boards Moderated 0
Alias Born 10/28/2009

Re: Jamis1 post# 77322

Wednesday, 09/18/2019 12:09:50 PM

Wednesday, September 18, 2019 12:09:50 PM

Post# of 104411
So BC is the future!

Preventing fraud and data theft
Blockchain technology provides one of the best tools we currently have to protect data from hackers, preventing potential fraud and decreasing the chance of data being stolen or compromised.

In order to destroy or corrupt a blockchain, a hacker would have to destroy the data stored on every user’s computer in the global network. This could be millions of computers, with each one storing a copy of some or all the data. Unless the hacker could simultaneously bring down an entire network (which is near impossible), undamaged computers, also known as “nodes”, would continue running to verify and keep record of all the data on the network. The impossibility of a task like taking down a whole chain increases along with the amount of users on a network. Bigger blockchain networks with more users have an infinitely lower risk of getting attacked by hackers because of the complexity required to penetrate such a network.

This complex structure provides blockchain technology with the ability to be the most secure form of storing and sharing information online that we’ve discovered so far. That’s why innovators have begun applying the technology in different sectors to prevent fraud and increase protection of data.
https://hackernoon.com/using-blockchain-technology-to-boost-cyber-security-19b6ef4e6898
$5++

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.