ISF Executive Director: Blockchain is still immature and unforeseen security issues may arise

ISF Executive Director: Blockchain is still immature There may be unforeseen security issues

According to infosecurity-magazine, the Information Security Forum (ISF) released a briefing entitled "Blockchain and Security: Digital Security."

This latest newsletter is designed to help people involved in blockchain deployments better understand the benefits and risks of blockchain networks so they can identify and resolve security issues by applying a secure System Development Lifecycle (SDLC).

The report points out that at present, the risk of blockchain is particularly serious because the security assumed by this technology is derived from the robustness of its consistent algorithm. ISF Executive Director Steve Durbin said the indelible and visible record of the blockchain offers many advantages.

However, this record does not protect the blockchain from security issues. While the first use of the blockchain may have commercial benefits, it should be realized that the blockchain is still immature and unforeseen security issues may arise.

While the use of blockchain may have commercial advantages, cautious organizations should be aware that blockchain technology is still immature and that there may be many unforeseen security issues, so organizations should pay attention to assessing development or The risk of using a blockchain application.

Source: New Finance

We will continue to update Blocking; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


Will modularization become the ultimate solution for cross-chain?

Whether it's cross-chain asset or data/information cross-chain, the challenge for cross-chain aggregators is how to b...


Chainlink CCIP goes live on the mainnet, an article to understand its technical characteristics and application scenarios.

CCIP is the most secure, reliable, and easy-to-use interoperability protocol that can be used to build cross-chain ap...


Aside from the lack of tokens, why is it said that Coinbase's Base chain does not violate US laws?

Base Chain does not belong to custodial products and there are no related legal issues.


Decentralization explorers of Rollup: Polygon, Starknet, and Espresso

Centralized Rollups will ultimately face the issues of monopolistic pricing and MEV. Furthermore, centralized Rollups...


Optimism Feast is Coming? A Comprehensive Overview of OP Stack Ecological Projects

Since June, 11 projects have announced the launch of related L2 networks based on OP Stack, accounting for more than ...


What Crypto applications are integrated into the Worldcoin App, which has 1.7 million users?

World App utilizes Ethereum's composability to integrate multiple protocols and APIs. Original title: "COMPOSABILITY ...