Enhancing Cybersecurity through the Utilization of Blockchain Technology

Abstract

Blockchain technology's adoption, primarily evident in the financial sector via cryptocurrencies, extends its viability to cybersecurity. This study delved into the perspectives of current studies, exploring diverse applications of Blockchain within the cybersecurity domain. Predominantly, the researchers emphasize safeguarding Internet of Things (IoT) devices, networks, and data. A comprehensive analysis revealed various mechanisms proposed by prior studies to leverage Blockchain's security benefits in addressing IT's critical challenges the spotlight remains on fortifying IoT security, stemming from the staggering count of approximately 9 billion devices with compromised configurations. A pressing concern is their susceptibility to hacking and subsequent enlistment into malicious botnet networks.