Tuesday, October 27, 23:06
Home security Blockchain: What are the dangers of using it?

Blockchain: What are the dangers of using it?

Blockchain technology launched 2009. Then, O Satoshi Nakamoto created the revolutionary digital currency of the time Bitcoin. At that stage they were only used for cryptocurrency, but over the years more and more companies have opted for it for a variety of reasons, including game creation.

blockchain

The main reason companies choose technology blockchain, is the ability to reduce operating costs.

In her case IBM, the multinational company used technology to create the world network payment blockchain World Wire, which launched last March. In fact the company uses the protocol developed by the Stellar blockchain infrastructure, which allows transactions between two people to be executed directly in a matter of seconds.

Of course, companies that utilize technology often have problems, which requires careful handling. Because it is a very complex and complex technology, its integration into each business, may require some procedures to be changed. So the difficulty lies in the fact that teams related to blockchain will be asked to find methods to integrate it without causing further problems.

blockchain

It is precisely because of these difficulties that all companies need to understand the function of blockchain. Because many times, companies try to integrate this technology into their processes out of pure curiosity, without any real reason and end up complicating the functions and increase their costs.

This means that a team that is really familiar with blockchain technology would be a viable option for businesses. Such a group will be able to follow the evolution of this all but stagnant space. In the same sense, smaller Companies not having the ability to staff such a team will make it difficult not only to integrate blockchain but also to keep up with ongoing developments.

LEAVE ANSWER

Please enter your comment!
Please enter your name here

SecNews
SecNewshttps://www.secnews.gr
In a world without fences and walls, who needs Gates and Windows

LIVE NEWS

00:01:47

Data breach in a law firm exposes data of Google employees

Immigration law firm Fragomen, Del Rey, Bernsen & Loewy, LLP revealed that it suffered a data breach that led to the leakage of personal data ...

How to install a .watchface file on Apple Watch

The Apple Watch lets you customize the faces of the watch to display all kinds of useful information. But did you know ...

The five biggest data breaches of the 21st century

Data is becoming more and more sought after as our daily lives become more digitized. The technology giants that monopolize data are ...

Microsoft is limiting the availability of Windows 10 20H2

Microsoft is currently restricting the availability of Windows 10 20H2 to provide all users who want to ...

How to enable the new Chrome Read more feature

The latest version of Google Chrome browser, v86, released earlier this month, contains a secret feature called Read ...

How to choose a custom color for the Start menu

Starting with the October 2020 update, Windows 10 is the default on a theme that removes bright colors from ...

NASA telescope discovers drinking water on the moon

Eleven years ago, a spacecraft changed our view of the moon forever. The data collected by ...

Microsoft: Enhances password spray attack detection capabilities

Microsoft has significantly improved the ability to detect password spray attacks in the Azure Active Directory (Azure AD) and has reached the point ...

How to prevent companies from finding our phone number

In the age of advertising, the more user information is known the more convenient it is for companies. And in particular, the ...

Violation in a psychotherapy clinic led to blackmail of patients

Two years ago, a cyber attack took place in a Finnish psychotherapy clinic, which resulted in data theft and ransom demand. Now,...