Author Topic: IDG Contributor Network: Blockchain the perfect data protection tool for banks using mainframes  (Read 14 times)

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Offline Scarlett

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IDG Contributor Network: Blockchain the perfect data protection tool for banks using mainframes
21 March 2017, 3:45 pm



Technophobic thrillers in popular media are always trying to convince us hackers are just a few malicious keystrokes away from crashing the world economy. And while doing such a thing is more complicated than just “deleting all the money,” one could certainly do a great deal of damage by changing what a computer thinks is true.

Wouldn’t it be great if there were software that could guarantee which data was and was not correct, backed up by the most powerful computer processors available? I give you blockchain, which more and more fiscal institutions are using to protect their data, backed up by the undeniable power of mainframes.

RELATED: Inside Bank of America's IT transformation

Blockchain first entered the public’s (OK, the techie public’s) awareness in the orbit of Bitcoin, as a means of securing that controversial digital currency’s code against someone who decided to break into the right server and add a couple zeroes to their account. But Bitcoin haters need not close this tab in disgust just yet, as blockchain has come into its own as a reliable security measure for more than just black market storefronts.

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Source: Network World Security

>> To obtain the full NetworkWorld Security article, click the link in the first post line <<

 


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