The Blockchain as a Decentralized Security Framework [Future Directions]

Deepak Puthal; Nisha Malik; Saraju P. Mohanty; Elias Kougianos; Chi Yang

doi:10.1109/MCE.2017.2776459

The Blockchain as a Decentralized Security Framework [Future Directions]

Deepak Puthal, Nisha Malik, Saraju P. Mohanty, Elias Kougianos, Chi Yang

Electrical Engineering

Research output: Contribution to specialist publication › Article

380 Scopus citations

Abstract

The blockchain is emerging as one of the most propitious and ingenious technologies of cybersecurity. In its germinal state, the technology has successfully replaced economic transaction systems in various organizations and has the potential to revamp heterogeneous business models in different industries. Although it promises a secure distributed framework to facilitate sharing, exchanging, and the integration of information across all users and third parties, it is important for the planners and decision makers to analyze it in depth for its suitability in their industry and business applications. The blockchain should be deployed only if it is applicable and provides security with better opportunities for obtaining increased revenue and reductions in cost. This article presents an overview of this technology for the realization of security across distributed parties in an impregnable and transparent way.

Original language	British English
Pages	18-21
Number of pages	4
Volume	7
No	2
Specialist publication	IEEE Consumer Electronics Magazine
DOIs	https://doi.org/10.1109/MCE.2017.2776459
State	Published - Mar 2018

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The Blockchain as a Decentralized Security Framework [Future Directions]

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