The Blockchain as a Decentralized Security Framework [Future Directions]

Puthal, D; Malik, N; Mohanty, SP; Kougianos, E; Yang, C

The Blockchain as a Decentralized Security Framework [Future Directions]

Puthal, D

Malik, N Mohanty, SP Kougianos, E Yang, C

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Publication Type:: Journal Article
Citation:: IEEE Consumer Electronics Magazine, 2018, 7 (2), pp. 18 - 21
Issue Date:: 2018-03-01

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Field	Value	Language
dc.contributor.author	Puthal, D https://orcid.org/0000-0002-8332-278X	en_US
dc.contributor.author	Malik, N	en_US
dc.contributor.author	Mohanty, SP	en_US
dc.contributor.author	Kougianos, E	en_US
dc.contributor.author	Yang, C	en_US
dc.date.issued	2018-03-01	en_US
dc.identifier.citation	IEEE Consumer Electronics Magazine, 2018, 7 (2), pp. 18 - 21	en_US
dc.identifier.issn	2162-2248	en_US
dc.identifier.uri	http://hdl.handle.net/10453/128974
dc.description.abstract	© 2012 IEEE. The blockchain is emerging as one of the most propitious and ingenious technologies of cybersecurity. In its germinal state, the technology has successfully replaced economic transaction systems in various organizations and has the potential to revamp heterogeneous business models in different industries. Although it promises a secure distributed framework to facilitate sharing, exchanging, and the integration of information across all users and third parties, it is important for the planners and decision makers to analyze it in depth for its suitability in their industry and business applications. The blockchain should be deployed only if it is applicable and provides security with better opportunities for obtaining increased revenue and reductions in cost. This article presents an overview of this technology for the realization of security across distributed parties in an impregnable and transparent way.	en_US
dc.relation.ispartof	IEEE Consumer Electronics Magazine	en_US
dc.relation.isbasedon	10.1109/MCE.2017.2776459	en_US
dc.rights	info:eu-repo/semantics/closedAccess
dc.title	The Blockchain as a Decentralized Security Framework [Future Directions]	en_US
dc.type	Journal Article
utslib.citation.volume	2	en_US
utslib.citation.volume	7	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Information, Systems and Modelling
pubs.organisational-group	/University of Technology Sydney/Students
utslib.copyright.status	closed_access	*
pubs.issue	2	en_US
pubs.publication-status	Published	en_US
pubs.volume	7	en_US

Abstract:

© 2012 IEEE. The blockchain is emerging as one of the most propitious and ingenious technologies of cybersecurity. In its germinal state, the technology has successfully replaced economic transaction systems in various organizations and has the potential to revamp heterogeneous business models in different industries. Although it promises a secure distributed framework to facilitate sharing, exchanging, and the integration of information across all users and third parties, it is important for the planners and decision makers to analyze it in depth for its suitability in their industry and business applications. The blockchain should be deployed only if it is applicable and provides security with better opportunities for obtaining increased revenue and reductions in cost. This article presents an overview of this technology for the realization of security across distributed parties in an impregnable and transparent way.

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http://hdl.handle.net/10453/128974