Infosec pros impatiently waiting for viable blockchain solutions want to know: Are we there yet?
If CISOs and security engineers sound like impatient kids in the back seat of the car on long road trip, it’s not surprising. The decade-long boom in bitcoin and its rival cryptocurrencies have made the underlying technology--blockchain – increasingly attractive to a breach-rattled and besieged cybersecurity community. The attraction: a trusted mechanism for trusted transactions that promise to make traditional attacks on cryptography computationally infeasible.
With the promise of better cyber defense comes big budgets, attractive to information security teams struggling in the arms race with online gangsters, state actors and swarms of up-and-coming script kiddies testing their hacking skills. This time, the money is coming from IT or risk budgets and from organizations looking to streamline and secure business-to-business commerce while cutting out pricey third parties who traditionally help make markets, certify deals and validate transactions and contracts.
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