Applications of Block-Chain Technology and Related Security Threats
5 Pages Posted: 23 Jul 2018 Last revised: 20 Aug 2018
Date Written: June 29, 2018
The blockchain is one of the emerging technology of 21st century. It is getting common to the people helping them by providing better financial services without any centralised medium (banks, agencies etc.). Although it has a strong backbone of cryptography which ensures the data protection, however, security vulnerabilities are still the part of this system and they are continuously emerging. This paper will explore the deep analysis of various blockchain applications, related security threats and vulnerabilities, future trend and possible solutions that could promise the integrity of this technology.
Keywords: Security, IOT, threats, privacy, bitcoin, Cybersecurity, privacy-protection, Blockchain, Information security, Security, decentralized, distributed, block chain, bitcoins, blockchain technology, Distributed ledger, cryptocurrency, crypto contract
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