Blockchain based Network Security

Oleg Khovayko, Chief Technology Officer @ Emercoin participates in Risk Roundup to discuss “Blockchain based Network Security”.

 

Overview

Network security threats are a growing complex problem!

Individuals and entities of all sizes across nations: its government, industries, organizations and academia (NGIOA) are suffering wide ranging consequences from on-going network security breaches. Irrespective of nations, no individual or entity is spared from security breach and if 2016 is any indication, there is no relief in sight as the security threats are getting almost impossible to manage.

As the security threats facing computer networks are becoming hi-tech and more complicated technologically, they are getting harder to detect and trickier to manage. Thus, the consequences of failing to not only block cyber-attacks but effectively manage the cyber-security risks is getting complex, costly and catastrophic.

Amidst the growing complex security challenges, there are many who sees the solution in the promise of blockchain in securing the computer networks for individuals and entities across NGIOA. There is a growing belief that the blockchain technology that conducts and secures transactions on the cryptocurrency network like Bitcoin—can be effectively used to secure any computer network—and thereby securely storing and transferring any kind of digital information on the internet. Since the information going through any blockchain network is kind of hidden to unauthorized users, it means that the Block chain technology could essentially provide a way to secure, a way to track, a way to protect each computer network that is using blockchain technology.

The advances and applications of blockchain technology are convincingly responding to some of the complex security challenges of not only the likes of fast-evolving Internet of Things (IoT) industry, or the complex challenges facing the financial industry, but most of the independent and interdependent security risks originating independently and collectively from cyberspace, geospace and space.

While blockchain brings great promise and potential, time will tell whether blockchain will become a new operating system for cyber- security, network security and supply chain operating networks.

Time is now to talk about network security risks!


For more please watch the Risk Roundup Webcast or hear Risk Roundup Podcast


About the Guest

Oleg Khovayko, is the Chief Technology Officer @ Emercoin. He has a strong background in the realm of finance and specializes in the technical aspects of blockchains and cryptography.

About the Host of Risk Roundup
Jayshree Pandya (née Bhatt) is a visionary leader, who is working passionately with imagination, insight and boldness to achieve “Global Peace through Risk Management”. It is her strong belief that collaboration between and across nations: its government, industries, organizations and academia (NGIOA) will be mutually beneficial to all—for not only in the identification and understanding of critical risks facing one nation, but also for managing the interconnected and interdependent risks facing all nations. She calls on nations to build a shared sense of identity and purpose, for how the NGIOA framework is structured will determine the survival and success of nations in the digital global age. She sees the big picture, thinks strategically and works with the power of intentionality and alignment for a higher purpose—for her eyes are not just on the near at hand but on the future of humanity!
At Risk Group, Jayshree is defining the language of risks and currently developing thought leadership, researching needed practices, tools, framework and systems to manage the “strategic and shared risks” facing nations in a “Global Age”. She believes that cyberspace cannot be secured if NGIOA works in silo within and across its geographical boundaries. As cyber-security requires an integrated NGIOA approach with a common language, she has recently launched “cyber-security risk research center” that will merge the boundaries of “geo-security, cyber-security and space-security”.
Previously, she launched and managed “Risk Management Matters”, an online risk journal and one of the first risk publications, publishing “Industry Risk Reports of Biotechnology, Energy, Healthcare, Nanotechnology, and Natural Disasters” over the course of five years. Jayshree’s inaugural book, “The Global Age: NGIOA @ Risk”, was published by Springer in 2012.

About Risk Roundup

“Risk Roundup” is an “integrated strategic security risk dialogue” for nations: its government,  industries, organizations and academia (NGIOA) in cyberspace, geospace and space (CGS).Risk Roundup is released in both audio (Podcast) and video (Webcast) format and is available for subscription at (Risk Group WebsiteiTunesGoogle PlayStitcher RadioAndroid, and Risk Group Professional Social Media).

About Risk Group
Risk Group believes that risk management, security and peace walk together hand in hand. Though security is related to management of threats and peace to the management of conflict, risk management is related to management of security vulnerabilities as well as management of conflict, and it is not possible to conceive any one of the three without the existence of the other two. All three concepts feed into each other. Risk Group believes that the security we build for ourselves is precarious and uncertain until it is secured for everyone across nations. Tradition becomes our security-so if we build a culture of managing risks effectively it will lead us to security and security will lead us to peace!

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