Tag Archive for: Blockchain

The Global Blockchain Messaging Apps Market size is expected to reach $215.7 million by 2028, rising at a market growth of 42.8% CAGR during the forecast period

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A messaging system that leverages blockchain technology to send and send messages is known as a blockchain-based messaging system. Blockchain is a distributed database that enables transactions that are safe, open, and unchangeable.

New York, Jan. 26, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Blockchain Messaging Apps Market Size, Share & Industry Trends Analysis Report By End-user, By Application, By Operating System, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06412015/?utm_source=GNW
As a result, it provides the perfect messaging system platform since it can offer a great degree of confidentiality and anonymity.

One of the most often used methods for regular contact is messaging applications. There are several blockchain messaging applications available that include Web3 features. Blockchain messaging applications’ primary objective is to provide consumers with a dependable, decentralized substitute for popular messengers. Blockchains process data via decentralized networks of nodes. Blockchain-based messenger applications provide consumers with very private and secure communication options. Users that seek privacy and security while sending communications are increasingly using these features.

In terms of network topology, blockchain messaging applications are the direct opposite of centralized messengers. To enhance user communication via blockchain transactions, these applications make use of blockchain technology. Distributed ledger technologies, or blockchains, are fundamentally decentralized network architectures. Blockchain messaging applications employ several independent network nodes rather than a single centralized system to handle the traffic.

Data security is one of the key advantages of adopting a blockchain-based messaging system. Messages are far less prone to breaches and hackers when they are kept on a decentralized network. It is considerably more difficult for unauthorized persons to view the messages since each one is encrypted and accessible only with the right key.

COVID-19 Impact Analysis

More than 42 million individuals have been impacted by the COVID-19 pandemic,…

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Blockchain security companies tackle cryptocurrency theft, ransom tracing

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According to data from the Rekt leaderboard, cybercriminals have stolen as much as $3 billion of investor funds through 141 various cryptocurrency exploits since January, putting 2022 on track to top 2021 levels of digital currency malfeasance. Comparitech’s cryptocurrency heists tracker indicates that since 2011, hackers have stolen $7.9 billion in cryptocurrency worth about $45.5 billion in today’s value.

Along with the increased dollar amounts of cryptocurrency thefts, the scams, hacks, and exploits of cryptocurrency, Web3 (a decentralized view of the web that incorporates blockchain technologies and token-based economics), and blockchain-related organizations are growing bolder and more lucrative for malicious hackers even as the value of cryptocurrencies stagnates. This month alone, Binance saw its BNB chain drained of $586 million, close to the all-time most significant cryptocurrency theft of $624 million from the Ronin Network in March 2022.

The threat actors in these and other instances likely didn’t keep all or even most of the astonishing amounts stolen but, in many cases, are increasingly granted handsome “bounties” in exchange for a return of some or most of the missing funds. Avraham Eisenberg, the man behind a $114 million exploit on Mango Markets in mid-October, got to keep $47 million of his allegedly ill-gotten gains in exchange for returning $67 million to the project.

A new crop of cybersecurity companies has emerged

The mind-boggling amount of money generated from crimes against an array of digital finance segments has no real parallels in the traditional cybersecurity world, which has yet to amass the expertise needed to discover, track, and remediate security incidents in the blockchain space. Part of the reason conventional cybersecurity professionals are reluctant to devote resources to the digital currency arena is the belief among many top experts that cryptocurrencies are little more than financial fraud, an opinion they feel is borne out by the current collapse in the cryptocurrency market.

Against this backdrop, a new crop of security companies has emerged to help Web3 firms cope with the chronic crime and assist…

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Growth Opportunities for Blockchain in Cyberwarfare and National Security 2022: Blockchain to Fortify Military Strategy – ResearchAndMarkets.com

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DUBLIN–()–The “Growth Opportunities for Blockchain in Cyberwarfare and National Security” report has been added to ResearchAndMarkets.com’s offering.

The increasing frequency of attacks on national assets and the sophistication of cyberthreats threaten a nation’s ability to defend itself from cyberwarfare strategies. The expanding application of deepfake AI against dominant political figures, social media hijacks of persons of national interest, unauthorized defense network penetration, and ransom demands that threaten complete network outages have forced government administrators to expand their defense horizon.

Despite the ever-increasing threat landscape and their incredibly high-risk profile, government organizations remain far behind where they should be in terms of cybermaturity and digital resilience strategies, necessitating a rapid push to fortify cyber-defenses and manage their cyber-risk profiles.

Cyberattacks on important assets will increase, and blockchain will be at the core of successfully averting them. Blockchain adoption will enable administrators to gain better visibility of procedures at various junctions of the governmental value chain. The technology will be extremely beneficial for segments such as managing digital identities, regulating international financial settlements, and securing defense procurements and weapon systems. Moreover, future battlefields will use computer-controlled and IoT-based communication platforms. Blockchain will be a vital component in encrypting and safeguarding battlefield strategies.

Blockchain will play a pivotal role in helping administrators gain better visibility and develop strong data management guidelines. These guidelines will help administrators transition toward a digital economy, counter various administrative challenges with respect to urbanization (smart city infrastructure), and regulate the supply chain for defense procurements.

Extensive use of IoT-driven communication across various services generates a huge amount of data, which are vulnerable to cyberattacks. Smart city solutions, such as smart grids, digital healthcare, and intelligent traffic solutions, deploy many IoT…

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