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Blockchain: Complementing Threat Intelligence
Cryptocurrency and exchanges are infamous for hacks, cons, and scams. However, blockchain is yet to be compromised because of its unhackable nature. The blockchain is one of the most secure spaces for storing data on its distributed ledger. It is a trustless model which turned to be utterly trustworthy. It can be used as an emerging movement in cybersecurity because of its principle of protection.
Artificial intelligence (AI), internet of things (IoT), and blockchain can benefit if fused. Threat intelligence is another emerging technology which can use blockchain to aid its betterment. Cyber threat intelligence (CTI) involves the collection of open source intelligence, social media intelligence, and human intelligence. Data generated by organizations allow them to understand and better defend themselves against new threats being discovered every day.
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Cyber threats are evolving and becoming sophisticated day-by-day, and threat intelligence is an essential and applicable way to counter cyber threats. One of the functions of threat intelligence is to spread the word on new threats and to prepare the network before the risks spread. Theoretically, threat intelligence can stop hackers but currently, it is not working to its full capacity, and it is not as effective as it could be.
Data makes an organization powerful but data itself is not openly and readily available. Blockchain technology can resolve the issue of storing and distributing the information transparently and also cultivating a fairer marketplace. A threat can be confused and convoluted and even overlooked, but blockchain can conclusively determine precisely what happened. Blockchains allows parties all over the world to agree as to the cause of the action. The ability to agree can create some exciting possibilities from supply chain management to asset tracking to threat intelligence.
With data being laid out bare on blockchain; it can be accessed based primarily on its merits and performance making the entire threat intelligence marketplace far fairer and less unjustifiably competitive.