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!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Opinion

Bitcoin Rally: Is it the Real Deal or Just a Psychological Boost?

Despite potential slow and steady progress, reaching a $100,000 goal for Bitcoin in 2024 is still a possibility. It m...

Market

Strategies to Capitalize on the Bitcoin Halving Event: A Detailed Analysis

Discover valuable and proven trading techniques and strategies to take full advantage of Bitcoin halving events, incl...

Market

Bitcoin Bullish: On Track to Reach New Heights

According to one market expert, the upcoming pre-halving rally presents an opportunity to profit in the short-term. T...

Market

🚀 Bitcoin ETFs Surpass Grayscale’s Trading Volume: BlackRock and ProShares Make Their Mark

GBTC has been the top performing bitcoin ETF in terms of trading volumes since its launch in January, with a majority...

Bitcoin

Demystifying the Influx of Bitcoin ETFs

BlackRock's iShares Bitcoin Trust (IBIT) has a remarkable lead in ETF inflow, receiving a substantial $204 million on...

Market

Bitcoin Crosses $30,000 Mark as ETF Hopes Soar

In the last day, alternative tokens saw significant gains thanks to Bitcoin forks, surpassing major tokens.