IBM X-Force Red Launches A New Blockchain Security Service For Vulnerability Protection
IBM X-Force Red, a security team of IBM, has announced a new blockchain testing service today. This brand new service will be used by the clients of the company in order to discover the weaknesses and strengths of a blockchain system. It will have a wide range of solution that can be used in the industry.
According to the press release, the new service will use the expertise of the company in order to evaluate the backend processes used to manage the networks created using the
Part of the reason why IBM X-Force Red has created this project is that blockchain will be a huge industry. Companies from all over the world are investing in this industry and this means that they will need the best security solutions in order to make the most of this new technology.
People are using the blockchain because it is such a revolutionary technology. It goes way beyond cryptos and can be an important solution for different kinds of enterprises, as well as to secure transactions which are immutable, fast and transparent. The blockchain is also known for its security, but is it really so secure?
According to IBM X-Force Red solutions, 70% of the blockchain solutions rely on traditional technologies and interfaces and this harms the potential of using this technology because they are not as secure as they could be.
Therefore, the company is offering services that will include public key infrastructure, chain codes and hyperedges in order to give these companies what they need: security.
Charles Henderson, the global head of IBM X-Force Red, has affirmed that the blockchain technology is a breakthrough when you consider how useful it is to protect the integrity of the data that is stored in it.
However, to Henderson, this does not mean that people are protected against attacks. Sometimes they think that they are, but they are not because they lack the right technology in order to protect their data from being accessed from the outside and used in malicious ways.
Henderson cites mobile apps and cloud technology as examples of technologies that first needed to have its security upgraded before they actually became mainstream and started to be used by more people.