In a Digital World: Is Blockchain Our Answer For Personal Information?

Many words have entered metaphorical vogue over the years, as enigmatically sensational. Words that millions of people know but very few can claim to understand completely, an example of this? Blockchain. With so many cryptocurrencies having exposure to a vast amount of the population, the amount that realises it is far smaller.

But with an increasing volume of risks stacking up against users on the internet. Cybersecurity is having to match any dangers that people face online, especially as threats become more numerous and more dangerous. But with such an increase in demand for personal security, is the answer to use blockchain?

Security on a chain – Blockchain

As a technology, according to Universa, it’s all about security from the very beginning. By its very ideology (Crypto-Anarchism) as a decentralised, user-held technology, whatever a user holds in their chain is theirs to keep.

The use is far more than a correlation as the technology becomes visible to a broader public. It’s already had 8-9 years of success in withstanding attempts to hack into the information they store. And with companies like Lockheed Martin bringing it in to assure its security in 2017, it’s clear that it has a practical security use.

This partnership was hardly a surprise, as the US’ central military institution, the Pentagon, sees this potential as well. Hailing it as having the potential to provide a complete cybersecurity shield in August 2017. But while this is good news for multinational organisations, how does the individual obtain some of this protection?

Security for the average person

Some of the dangers that users can face online include hackers trying to obtain user passwords and information. And fortunately, companies have begun to offer protection applications to help prevent this. With applications like Guardtime, serving as the principal secure, storage company for its millions of native Estonians health records.

Companies like REMME are also using the technology to decentralise and make passwords redundant while maximising security. It retains a database of user hardware, acting as verification to access accounts instead of leaving users at risk of keylogging.

These demonstrate that secure storage is not only possible but waits merely on the market to demand it for other areas.