Research Paper On Blockchain

The Internet of Things (IoT), and its influence on globalization, is changing the way of life in developed and developing countries. Making great strides in connecting the world, technology brings people together through email, live chats, social networking, and video. Yet, with increased technology comes increased threats to data loss, identity theft, and privacy concerns, especially considering the underbelly of the IoT where cybercrime threats challenge security.

The blockchain is a trust-based technology which empowers users to “be your own Bank” to manage their own financial future. This will openly build connection in P2P network enabling users to communicate frequently and authentically which leads to trust. Further it will greatly reduce cost as it eliminates costly intermediaries and transaction processing time. When the Blockchain wallet is created on the web or mobile app, it enables users to backup wallets to servers and only the user alone has the key to their wallet as the company can’t see user’s balance or transactions (Dillet,

This report also assumes that technologies such as AI and blockchain will deliver strong results, thus bringing a lot of disruption and competition in financial services. While these two technologies are making fast progress, they are still nascent and have yet to deliver most of their promises.

While IoT devices holds much promise, there are still many security issues that need to be addressed. These security issues can have a significant impact on everyday life, such as causing damage, disruption to business operations, and in some cases even loss of life. Having all your devices interconnected using IoT such as lighting, thermostats, doors, and elevators, seems convenient but in fact this poses a great security risk. If these risks are exploited it could disrupt power or lighting which could lead to a loss of life if it were something like a hospital. Addressing these security risks will lead to more efficient and safer to use IoT devices but companies will have to identify them in their devices first (Tankard, 2015).

The purpose of this study will be to develop adequate security strategies and best practices as a guide to add to the knowledge base of current literature on IoT devices. The current research literature on the internet of things indicates that the number of attacks against IoT devices are on the rise. The number of potential attackers is growing at an alarming rate because of the number of IoT devices that are joined to network every day (Abomhara and Kien, 2015). Tools are available to those same potential attackers are much more sophisticated that they have ever been. (p. 66). This study will provide valuable information to IT leaders, service providers, vendors and IoT manufactures.

The Internet, as we all know, has rapidly spread around since its commercialization in the 1990s. It is evident that cybersecurity attacks are not going anywhere, and that government will continue to remain a target. In addition, the Internet of Things (IoT) growth will lead to more devices being connected to the networks. Therefore, with technology moving forward and hackers being more motivated as ever, the government finds itself struggling to keep up with effective cybersecurity measures and with filling up the designated positions in the Cybersecurity department.

Bitcoin is a payment system that was published in 2008 by Satoshi Nakamoto. Bitcoin can be “used to make online payments that do not include financial institutions” (Mazzei, 2015). Bitcoins can be used all over the world at many restaurants, law firms, and other online services. Bitcoins can revolutionize the entire world’s payment system and take over our cash-based society (Wonglimpiyarat, 2015). It may be the payment system of the future but the vulnerability that it possesses is dangerous. In a recent event that resulted in the loss of around 1.8 million dollars, BitPay, an Atlanta-based bitcoin payment processor, was hacked. It was done by email and the modifications of a Google document. This is a huge security risk. Not

The exponential increase use of the Internet to communicate, conduct business transactions, access personal banking, healthcare, education at confront of being anywhere has become an everyday lifestyle for many people around the globe. This reliance on computers, laptops, devices and other Internet of Things to access the Internet means, organizations, businesses and the government have also seen an increase occurrence of sophisticated attacks.

Some people only knew blockchain as the causal technology behind the always controversial digital currency Bitcoin. Yet, blockchain technology is so much, much more; it's unbelievably innovative and its potential is extensive to say the least. Much like the internet of today, there’s no need for you to know how this technology works to use

Blockchain technology has the potential to restructure large parts of the private investment fund and banking industry. Most legacy systems at private investment funds and banks are much more expensive than blockchain technologies, are subject to human error, and take much more time. Banks charged $1.7 trillion in processing fees in 2014. Because blockchain technology is transparent, verifiable, self-authenticating, and self-enforcing, financial transactions can be executed instantaneously at near zero transaction costs, increasing the efficiency for business and individuals exponentially. These factors in addition to blockchain technology’s disintermediation through technology driven democratized trust, precipitated the financial industry’s substantial investments into blockchain technologies in fear of becoming obsolete.

Blockchain assures salvation for the financial sector through significant back workplace cost savings throughout an entire variety of activities. It's expected to be a wonder in the making that might bring back profitability to banks. Now if only someone could plainly describe to me how it operates in the real life rather than on a discussion deck.

Cyber-attacks are not unknown however attacks on critical infrastructure are increasing tremen-dously and impact of these are devastating if the systems attacked are Industrial Controlled Sys-tems (ICS). ICS comprises of industries such as oil, gas, water, electricity. An outage of these will result in the enormous loss not only financially but can endanger human life and destroy critical equipment, restoring which can be time-consuming and extremely tedious. Many organizations still rely on antiquated security systems making them vulnerable to the deadly attacks and it is high time to change. This research paper highlights the severity of critical infrastructure attacks and will focus on the strategies to mitigate the risk of these attacks by using techniques like Application whitelisting, patch management, holistic approach for ICS security and moving beyond software security and focusing on Hardware Enabled Trusted Crypto. It focusses on the management of critical infrastructure risks.

By reading this abstract, we can get complete organization of the article. Here, initially author explains inception of bitcoins and their usage as alternate money. This abstract expresses the overall idea behind the article. Later on, author explains the “prototypical implementation of the process of exchanging data for electronic cash between a sensor and a requester by

The Internet of Things, or as many people like to call it IoT, is a wide growing industry with technology that is advancing each and every day. Physical objects are becoming mapped with technology that us humans will eventually come in contact with and interact over the internet. The Information Technology world feeds off of this industry because the internet is storing this data that we use, and the IT industry just comprehends it. With more physical objects being mapped in the real world, the IT industry will need more people to help control all of the systems and data that is being used. An example of this is if a company lacked a certain product then that problem would be reported to the company and further deliveries would be conducted (Weber, Pg. 23) This fast growing industry is remarkable, and the developments of the legal, social, ethical, and security, can be just as astounding.

Blockchain Technology supports a distributed ledger system and maintains a growing list of records that are confirmed by the participating people. In blockchain framework, each transaction is recorded in public ledger and stores the information of the transaction. In Current scenario, all the currency transactions between persons or entities are centralized and controlled by some other organizations (Interoperability team). Transferring money will needs bank and merchants who process the payments and they charge fee for each transaction. This is the common phenomenon in every domain and this complexity is simplified by Blockchain technology by creating decentralized environment where no interoperability team is required to control the