Notwithstanding the news reports of hacks, cons and scams in crypto and exchanges, the truth is that actual Blockchains haven’t been compromised in their unhackable or immutable nature.
Blockchains are typically epitomized by security and safety for storing data on its FL. They traditionally use depend on the trustless model to be completely trustworthy. On the principle of protection, it will make sense to begin applying the Blockchain initiative to a newly emerging movement in the cybersecurity space.
It is now more apparent, and evident that new techs including AI (Artificial Intelligence), Internet of Things, and Blockchain technology can benefit from collaborating with one another to resolve their shortcomings. Threat Intelligence is another example of this emerging area of technological innovation that can lean on the Blockchain to support its application.
Threat Intelligence is basically an essential and applicable method to tackle cyber threats, which has continuously gotten more sophisticated and devastating. The feature of Threat Intelligence is put in place to spread word about new threats and to ensure that an extensive network is set up for the danger before an infection occurs.
Despite the promise of Threat Intelligence, there are still many problems affecting the industry. A vast number of competing companies put time and effort into researching and documenting similar threats, while other threats are not documented, researched, or noticed.
Capitalist data encapsulation is an example of something that affects Threat Intelligence’ potential. The way it stands currently is that the current Threat Intelligence community is more of a situation of ‘a section of the privileged few against them’.
Because the data derived from Threat Intelligence is high valuable, and there’s a massive influx of it varying in usefulness, those who claim ownership of it have vast power to wield under a centralized framework. The data itself isn’t as open or readily available. It isn’t transparent or an open-source.
Most of these challenges are clearly put in place for the Blockchain to intervene regarding the storage and distribution of data transparently and openly as well as cultivating a fairer market environment. The data would still have to be incentivized. However, for it to be put on a Blockchain would make sure that there isn’t any issue like a centralized bias.
When a threat occurs, information surrounding what has occurred, and how it should be overcome, can either be confused, convoluted and overlooked. The Blockchain can efficiently lay out precisely how the issue occurred.
Blockchains typically let parties across the globe come to a consensus regarding the truth about “what happened”. Despite the fact that this may look like a simple task it was actually a difficult endeavor to ask participants that might not necessarily show trust among themselves. With data to be laid bare on the Blockchain, for everyone to see and use, there’s no issue of having the power of ‘marketing it.
Users will have the capability to access data based on merits and performance. This will make the whole threat intelligence market environment fairer, and less unjustifiably competitive.