Blockchain

Blockchain Technology As a Defense Mechanism Against Cyberattacks

Specifically the utilization of the Ethereum-based IPFS node network.

Blockchain

Blockchain Technology As a Defense Mechanism Against Cyberattacks

Specifically the utilization of the Ethereum-based IPFS node network.

As a result of U.S. Speaker of the House Nancy Pelosi’s visit to Taiwan, the island has now become a target of a hacker group by the name of APT27. In order to defend itself from these attacks and others by China, Taiwan is turning to blockchain technology for decentralized data publishing and storage.

Specifically, Taiwan has decided to deploy the use of Ethereum-based InterPlanetary File System (IPFS) technology, which grants it a superior layer of protection in comparison to cloud-based technologies.

IPFS was designed in 2014 by Juan Benet and is a decentralized peer-to-peer network that allows users to backup and store files and websites across a system of nodes. Though IPFS, centralized points of failure can be eliminated, including censorship efforts.

“So far, it has not been successfully attacked at all, and it has never been stuck for a second,” said Digital Minister Audrey Tang in an interview with the state-run Central News Agency.

Tang explained that “it uses a Web3 structure tied to the global blockchain community and the global Web2 backbone network,” adding “if it can be taken down, everything from Ethereum to NFTs will be taken down, which is unlikely.”

In other news, is crypto’s close correlation with fiat markets cause for concern?

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