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Study and Survey on Blockchain Privacy and Security Issues

Study and Survey on Blockchain Privacy and Security Issues
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Author(s): Sourav Banerjee (Kalyani Government Engineering College, India), Debashis Das (University of Kalyani, India), Manju Biswas (Kalyani Government Engineering College, India)and Utpal Biswas (University of Kalyani, India)
Copyright: 2021
Pages: 23
Source title: Research Anthology on Privatizing and Securing Data
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-7998-8954-0.ch007

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Abstract

Blockchain-based technology is becoming increasingly popular and is now used to solve a wide range of tasks. And it's not all about cryptocurrencies. Even though it's based on secure technology, a blockchain needs protection as well. The risks of exploits, targeted attacks, or unauthorized access can be mitigated by the instant incident response and system recovery. Blockchain technology relies on a ledger to keep track of all financial transactions. Ordinarily, this kind of master ledger would be a glaring point of vulnerability. Another tenet of security is the chain itself. Configuration flaws, as well as insecure data storage and transfers, may cause leaks of sensitive information. This is even more dangerous when there are centralized components within the platform. In this chapter, the authors will demonstrate where the disadvantages of security and privacy in blockchain are currently and discuss how blockchain technology can improve these disadvantages and outlines the requirements for future solution.

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