The Cybersecurity Forum and Blockchain with top Australian experts and government officials have identified blockchain technology as a direct response to the rise of cyber attacks aimed at integrating the system through data processing.
The newly appointed CEO of Blockchain Australia, Steve Wallas, held a panel discussion on the state of use of blockchain cybersecurity on July 30, which brought together experts from various fields with 300 participants.
The team included National Blockchain leader Chloe White from the industry and liberal Senator Andrew Bragg, CEO of CyberCX John Paitaridis, founder of ProvenDB and CEO of blockchain database Guy Harrison.
Experts with decades of experience in the cybersecurity sector have identified emerging technologies as a critical component in protecting Australia from future attacks. They also pointed out that blockchain, although not a complete solution, must be considered by companies all over the world as the country seeks to stay on top of those who become attackers.
Blockchain about data integrity
During the discussion, Paitaridis explained that the number and frequency of attacks is increasing, noting that China has been the cause of major attacks by statesmen since June that have threatened many industries, including the Australian government:
In June of this year, the Australian Prime Minister announced a “designated government representative” that you can read – China – targeting companies and government agencies across Australia in a large-scale, targeted and sustained attack.
He said that these network security breaches have increased by nearly 80% over the past twelve months, with specific adjustments to their focus:
“I am very concerned about the safety of our systems. Instead of deleting information, Australia is experiencing more and more data-manipulating attacks to undermine system integrity. ”
This will lead to unhappiness, Pitarides explains, “as high-ranking government officials, business leaders and investors may be required if they cannot trust the information they see.” Paitaridis concluded that this is not all bad news, as this vulnerability can be addressed with a blockchain.
It is not about keeping people out, but rather keeping data safe, as Harrison explained, “The effects of human influence on data are enormous […] and that's where the blockchain comes in.”
“For the first time in computer science, we have a storage mechanism where we can write something, and we can ensure that it will not be replaced.”
In response to a question about real-time data processing, i.e. data processing before it was inserted into a blockchain, Harrison suggested that the blockchain should be used in conjunction with other solutions such as artificial intelligence.
He concluded that “most blocks do not have many other features that we need to use the data efficiently,” adding that while it is an important part, it is not the only technology needed to properly handle cyber security.