Blockchain-based systems’ decentralized nature makes for their formidable resiliency to the outsiders’ attempts to infiltrate or take down such networks. Governments, law enforcement agencies and even military leadership around the world seem to be embracing a more blockchain-friendly way of thinking as they realize that the power of distributed ledger technology (DLT) could be harnessed to advance their goals in numerous ways. This generates increased demand for security-enhancing solutions, which pushes the private sector to come up with such products at an ever-increasing pace.
The latest use case – Israel’s securities regulator introducing a blockchain-powered messaging system in order to ensure authenticity of its communications – is an instance of a prevalent, yet not exclusive, area of the technology’s security application: data protection.