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Applying Blockchain Technology in a Global Data Infrastructure

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Applying Blockchain Technology in a Global Data Infrastructure

We take a look at several different fields which could stand to benefit from the amount of data security and integrity offered by distributed ledge systems.

· Security Zone ·
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While most might suppose blockchain technology is best utilized to support data at the individual company level, cryptocurrencies and the distributed nature of peer-to-peer computing have demonstrated a compelling, and some might say superior, destiny for the blockchain in shared data.

Contracts, financial accounts, and various other kinds of business-oriented models are certain to benefit substantially from a digital record that can't be altered without unattainable computing power. But at the same time, it is easy to mistake this early success as the field where any and all permutations can be put to good use.

The truth is, the blockchain and technologies like it have tremendous potential in areas like data integration, scientific analysis, and even communications. These kinds of technologies will combine to form a blockchain infrastructure.

Distributed Network

The key element in the resilience of blockchain integrity is the distributed nature of the system. In a shared data environment, every peer node gets a vote, which is why it is virtually impossible to tamper with data in the chain once it is recorded. The encrypted nature of the information necessitates clean reads and writes. There is no room for ambiguity.

If this kind of integrity were applied to say, an automated gathering of scientific readings, how might it affect certain kinds of disciplines? For example, if sensors are deployed in a magnetically volatile area, one might wonder if the information gathered is accurate, as any one of a number of problems might corrupt or erase it.

With a blockchain infrastructure or advanced data store, this would be impossible. Further, even if the data were corrupted, the distributed nature of the system and its unique key-based encryption would make it possible to reconstruct it. The more nodes in the system, the more reliable the data would be.

Transmitters and Receivers

One of the most important elements of a municipality's ability to meet and overcome a natural disaster is emergency communications. Knowing where the injured party is, how to find supplies, and get updates on when and where the hazards might be encountered - these are crucial to a government's ability to protect its citizens.

Unfortunately, in fast-developing emergencies, it is often the case that communications are the first thing to break down. The information available on radios and other kinds of transceivers are sometimes at its least reliable when it is needed most.

What if there were a blockchain-enabled network accuracy-checking system that correlated any emergency transmission with an arbitrary number of nodes, then used those peer nodes as a means of verifying the information in each transmission? There would be no further need for re-transmitting crucial information, as the network would supply error-checking and would maintain a perfect record of every piece of information sent or received.

The next step, naturally, would be to make such a system data-savvy so the combination of the blockchain and a sophisticated data store could combine to make information searchable as well.

Distributed Power

At its core, a blockchain is actually a database. The only real difference between it and the kinds of data stores that drive enterprise-class databases is that a blockchain is unraveled into a serialized list of records, while a database is traditionally organized into a parallel structure for efficiency.

The combination of the two, however, is a new kind of structure that hasn't been studied enough yet. If a database could be unwound into a blockchain, updated securely, distributed through a peer network, and then "re-compiled" into a traditional parallel structure, the potential applications would be rather compelling. A searchable blockchain would be the obvious next step for the financial industry at the very minimum. It is likely the legal field would soon follow.

Peer networks have always been quietly lurking around the Internet. When the server is left behind and all the machines on the network maintain a shared view of whatever data they have been assembled to analyze, technologies like blockchain emerge to authenticate the results. When a next obvious step like data infrastructure is added, the system not only becomes stronger but obtains new capabilities, as well. It will only be a matter of time before the advancement of un-copyable data is integrated into the network in the same way its current form was.

Find out how Waratek’s award-winning application security platform can improve the security of your new and legacy applications and platforms with no false positives, code changes or slowing your application.

Topics:
cryptocurrency ,blockchain ,security ,data security

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