SECURITY THREATS AND PROPOSED CONTAINMENT SOLUTION FOR BLOCKCHAIN: ASSESSMENT USING CASES

Authors

  • Sohail Shaikh , Madhavi Damle

Abstract

Blockchain is a time-stamped series of immutable records of data that is not controlled by
any single body. Since, the advent of Bitcoin, blockchain has found application in various
industries such as healthcare, music, real estate, fintech, logistics, and others. The fact that
blockchain ensures more dependable and convenient services is critical to consider the privacy
and security risks related to this technology. Blockchain has been exposed continuously to
security issues and considerable losses have been caused due to cyber-attacks on it. In this paper,
we adopt a case study-based approach discussing the use cases of blockchain threats, its impact,
and solutions and also review the security enhancement solutions. The data for this study has
been collected from various secondary collections and a mitigation matrix has been created to
show the types of cases. Even though there are a few studies done on the protection and privacy
of blockchain, there is an absence of proper examination on the security of the blockchain. This
research will help managers to adopt a new approach to understand and adapt to emerging risks
related to blockchain and develop the necessary risk mitigation strategy for an organization.

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Published

2020-12-01

How to Cite

Sohail Shaikh , Madhavi Damle. (2020). SECURITY THREATS AND PROPOSED CONTAINMENT SOLUTION FOR BLOCKCHAIN: ASSESSMENT USING CASES. PalArch’s Journal of Archaeology of Egypt / Egyptology, 17(6), 4801 - 4814. Retrieved from http://mail.palarch.nl/index.php/jae/article/view/1726