CFP last date
20 January 2025
Reseach Article

Dependence on Blockchain Technology for Future Cybersecurity Advancement: A Systematic Analysis

by Ayman Abdulsalam Mohamed Al-Dherasi, Albert Annor-Antwi, Yang Chunting
International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 177 - Number 23
Year of Publication: 2019
Authors: Ayman Abdulsalam Mohamed Al-Dherasi, Albert Annor-Antwi, Yang Chunting
10.5120/ijca2019919688

Ayman Abdulsalam Mohamed Al-Dherasi, Albert Annor-Antwi, Yang Chunting . Dependence on Blockchain Technology for Future Cybersecurity Advancement: A Systematic Analysis. International Journal of Computer Applications. 177, 23 ( Dec 2019), 31-38. DOI=10.5120/ijca2019919688

@article{ 10.5120/ijca2019919688,
author = { Ayman Abdulsalam Mohamed Al-Dherasi, Albert Annor-Antwi, Yang Chunting },
title = { Dependence on Blockchain Technology for Future Cybersecurity Advancement: A Systematic Analysis },
journal = { International Journal of Computer Applications },
issue_date = { Dec 2019 },
volume = { 177 },
number = { 23 },
month = { Dec },
year = { 2019 },
issn = { 0975-8887 },
pages = { 31-38 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume177/number23/31039-2019919688/ },
doi = { 10.5120/ijca2019919688 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-07T00:46:43.915870+05:30
%A Ayman Abdulsalam Mohamed Al-Dherasi
%A Albert Annor-Antwi
%A Yang Chunting
%T Dependence on Blockchain Technology for Future Cybersecurity Advancement: A Systematic Analysis
%J International Journal of Computer Applications
%@ 0975-8887
%V 177
%N 23
%P 31-38
%D 2019
%I Foundation of Computer Science (FCS), NY, USA
Abstract

Purpose-The aim of this research is to thoroughly analyze blockchain with respect to the role it plays in cybersecurity, and how this role may affect the future of blockchain and cybersecurity in future. Also, gaps are identified along with the shortcomings that cause these gaps. This research also identifies possible solutions to the gaps or issues. Method:- the research approach used here is review of the literature. Other works that address various aspects of blockchain are analyzed in breadth to show its effectiveness. Results:- there is a great possibility that blockchain is one of the future’s greatest cybersecurity solutions. Among the major issues include quantum computing, user habits, and conflicting interests. All these issues have various ways through which they can be addressed effectively in order to brighten the future of blockchain’s applicability in cybersecurity. Conclusion: - blockchain, as it is, promotes fraud in cryptocurrency and therefore needs modification. Blockchain only needs reinforcement from technologies such as Artificial Intelligence and Machine learning to make it the future’s most dependable cybersecurity provider.

References
  1. Revolution B. How the Technology Behind Bitcoin is Changing Money. Business and the World, page. 2016;324.
  2. Fortney, Luke. “Blockchain Explained.” Investopedia. Investopedia, June 25, 2019. https://www.investopedia.com/terms/b/blockchain.asp.
  3. A. Rosic, “What is Blockchain Technology? A Step-by-Step Guide For Beginners,” Blockgeeks, 20-Aug-2019. [Online]. Available: https://blockgeeks.com/guides/what-is-blockchain-technology/. [Accessed: 13-Sep-2019].
  4. Crosby M, Pattanayak P, Verma S, Kalyanaraman V. Blockchain technology: Beyond bitcoin. Applied Innovation. 2016 Jun;2(6-10):71.
  5. A. Wright, De Filippi P. Decentralized blockchain technology and the rise of lex cryptographia. Available at SSRN 2580664. 2015 Mar 10.
  6. LISK.io, “Blockchain Use Cases " Real World Application: Lisk Academy,” Lisk, 2019. [Online]. Available: https://lisk.io/academy/blockchain-basics/use-cases. [Accessed: 13-Sep-2019].
  7. Hbus, “The How and Why of Blockchain Transparency,” Medium, 19-Dec-2018. [Online]. Available: https://medium.com/hbus-official/the-how-and-why-of-blockchain-transparency-b3f3465f6989. [Accessed: 13-Sep-2019].
  8. Nugent T, Upton D, Cimpoesu M. Improving data transparency in clinical trials using blockchain smart contracts. F1000Research. 2016;5.
  9. Benchoufi M, Porcher R, Ravaud P. Blockchain protocols in clinical trials: Transparency and traceability of consent. F1000Research. 2017;6.
  10. Bashir I. Mastering blockchain. Packt Publishing Ltd; 2017 Mar 17.
  11. Swan M. Anticipating the economic benefits of blockchain. Technology innovation management review. 2017 Oct 1;7(10):6-13.
  12. A. Rosic, “What is Blockchain Technology? A Step-by-Step Guide For Beginners,” Blockgeeks, 20-Aug-2019. [Online]. Available: https://blockgeeks.com/guides/what-is-blockchain-technology/. [Accessed: 13-Sep-2019].
  13. L. Fortney, “Blockchain Explained,” Investopedia, 25-Jun-2019. [Online]. Available: https://www.investopedia.com/terms/b/blockchain.asp. [Accessed: 13-Sep-2019].
  14. LISK.io, “Cryptography Explained,” Lisk, 2019. [Online]. Available: https://lisk.io/academy/blockchain-basics/how-does-blockchain-work/blockchain-cryptography-explained. [Accessed: 13-Sep-2019].
  15. Blockgenic, “Asymmetric Cryptography In Blockchains,” By Blockgenic, 22-Nov-2018. [Online]. Available: https://hackernoon.com/asymmetric-cryptography-in-blockchains-d1a4c1654a71. [Accessed: 13-Sep-2019].
  16. Kosba A, Miller A, Shi E, Wen Z, Papamanthou C. Hawk: The blockchain model of cryptography and privacy-preserving smart contracts. In2016 IEEE symposium on security and privacy (SP) 2016 May 22 (pp. 839-858). IEEE.
  17. Nofer M, Gomber P, Hinz O, Schiereck D. Blockchain. Business & Information Systems Engineering. 2017 Jun 1;59(3):183-7.
  18. Banafa A. IoT and blockchain convergence: benefits and challenges. IEEE Internet of Things. 2017 Jan 10.
  19. Baliga A. Understanding blockchain consensus models. InPersistent 2017 Apr.
  20. Hussein AF, ArunKumar N, Ramirez-Gonzalez G, Abdulhay E, Tavares JM, de Albuquerque VH. A medical records managing and securing blockchain based system supported by a genetic algorithm and discrete wavelet transform. Cognitive Systems Research. 2018 Dec 1;52:1-1.
  21. Mingxiao D, Xiaofeng M, Zhe Z, Xiangwei W, Qijun C. A review on consensus algorithm of blockchain. In2017 IEEE International Conference on Systems, Man, and Cybernetics (SMC) 2017 Oct 5 (pp. 2567-2572). IEEE.
  22. J. Cordero, “Solving the Biggest Barriers to Blockchain Adoption; Today.,” Medium, 03-Sep-2018. [Online]. Available: https://medium.com/@jonelcordero/solving-the-biggest-barriers-to-blockchain-adoption-today-8350bebb5102. [Accessed: 13-Sep-2019].
  23. G. Chavez-Dreyfuss, “Cryptocurrency thefts, fraud hit $1.2 billion in first quarter: report,” Reuters, 30-Apr-2019. [Online]. Available: https://www.reuters.com/article/us-crypto-currency-fraud/cryptocurrency-thefts-fraud-hit-1-2-billion-in-first-quarter-report-idUSKCN1S62P3. [Accessed: 14-Sep-2019].
  24. P. Blockchain, “Blockchain Algorithms 101: A Introduction to Consensus Protocols,” By Professor Blockchain, 03-Jul-2019. [Online]. Available: https://hackernoon.com/blockchain-algorithms-101-a-introduction-to-consensus-protocols-c00f884a01fb. [Accessed: 13-Sep-2019].
  25. Trautman LJ. Is disruptive blockchain technology the future of financial services?
  26. Yeoh P. Regulatory issues in blockchain technology. Journal of Financial Regulation and Compliance. 2017 May 8;25(2):196-208.
  27. Z. Ali, “A Simple Introduction to Blockchain Algorithms,” Medium, 17-Mar-2019. [Online]. Available: https://blog.goodaudience.com/a-simple-introduction-to-blockchain-algorithms-ca05b9bcc32f. [Accessed: 13-Sep-2019].
  28. Mylrea M, Gourisetti SN. Blockchain for smart grid resilience: Exchanging distributed energy at speed, scale and security. In2017 Resilience Week (RWS) 2017 Sep 18 (pp. 18-23). IEEE.
  29. Patel, “Consensus Algorithms in Blockchain,” GeeksforGeeks, 25-Apr-2019. [Online]. Available: https://www.geeksforgeeks.org/consensus-algorithms-in-blockchain/. [Accessed: 13-Sep-2019].
  30. Fanning K, Centers DP. Blockchain and its coming impact on financial services. Journal of Corporate Accounting & Finance. 2016 Jul;27(5):53-7.
  31. Mylrea M, Gourisetti SN. Blockchain: A path to grid modernization and cyber resiliency. In2017 North American Power Symposium (NAPS) 2017 Sep 17 (pp. 1-5). IEEE.
  32. N. Bauerle and M. Kuznetsov, “What is Blockchain Technology?,” CoinDesk, 2019. [Online]. Available: https://www.coindesk.com/information/what-is-blockchain-technology. [Accessed: 13-Sep-2019].
  33. Kshetri N. Blockchain's roles in strengthening cybersecurity and protecting privacy. Telecommunications Policy. 2017 Nov 1;41(10):1027-38.
Index Terms

Computer Science
Information Sciences

Keywords

Blockchain Cybersecurity Cryptography Algorithm Cryptocurrency Encryption Decentralization Transparency Ingenuity