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April 19th, 2024 | 8:18 PM ET

The Promise of the Blockchain

Posted: March 27th, 2016

By Mike Gault

Mike Gault is the CEO of Guardtime.

After years of public attention around Bitcoin, its underlying technology—the blockchain—is taking over the discussion with its potential to address fundamental challenges across a number of industries. Proponents discuss blockchain’s potential to revolutionize currency, contracts, ownership verification, and supply chain provenance. But for all the talk about Bitcoin and other financial use cases, blockchain’s most profound application may lie in cybersecurity.   

As sensitive data becomes increasingly available – and vulnerable – through cloud computing, mobile, and the Internet of Things, it is no secret that modern security has failed to keep pace with modern technology. High-profile breaches the likes of Sony, Anthem, and the U.S. government have cost hundreds of millions of dollars and compromised the critical information of millions.

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Categorized as:Tech/CyberTagged with:

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