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FEATURE: BLOCKCHAIN
Securing
Blockchain with
Privileged Access
Management
Blockchain is frequently
becoming more utilised among
businesses and companies need
to get to terms with what it is
and how to use it. Intelligent CIO
talks to BeyondTrust’s Morey
Haber to hear his views on the
steps we should be taking to
secure our use of blockchain.
www.intelligentcio.com
T
he level of hype around bitcoin, blockchain and cryptocurrency
is absolutely amazing. When you hear an Uber driver talking
about it, or your local news carries a piece on how a family paid
for their daughter’s wedding with bitcoin, then you know that
the hype is out of control. If you know anything about these technologies,
excellent; you are ahead of the curve. Hopefully you have not realised too
late that they actually have a limited place in business and need to be
secured just like any other application; albeit with some curious twists.
What is blockchain? What is not.
A blockchain is an electronic ledger system that is distributed with copies
residing on multiple nodes. Blockchains are not a database replacement,
nor will future applications be that utilise them. They are a ledger system
that secures entries based on work and verification. Natively, blockchain
can only process a limited number of transactions per second and
cannot store complex records or blobs – only ledger-style information
that has a finite start date, like shipping information or inception and
process dates.
INTELLIGENTCIO
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