Author: Muhammad Rafiif Febriliansyah

image resource: https://unsplash.com/@launchpresso Currently, Blockchain is one of the most secure data protection technologies. The rapid advancements in digital technology have also introduced new challenges around data security. Organizations need to secure their data by implementing strong authentication and cryptography key vaulting mechanisms. Blockchain technology is functioning enough to address the challenge of how to secure the data and prevent malicious cyber-attacks. Reports say the global blockchain technology market is likely to be around $20 billion by 2024. Blockchain has been revolutionary, is used in many industries like healthcare, finance, sports and more. Unlike the traditional approaches, this technology mainly motivates many Blockchain development companies to re-architects and reformulates the security concerns. Blockchain offers a true sense of bringing trust factors in the data. Blockchain Technology Challenging Vulnerabilities The high level of security offered by a distributed ledger system offers benefits to establishing a secure data network. Business offering services in consumer products and services adopt blockchain technology to secure record consumer’s data. As Blockchain is one of the major technological breakthroughs of this century, it is allowing to remain competitive without requiring the trust of anyone third party. The technology is evolving new opportunities to disrupt business services and solutions for consumers. In the future, this technology will emerge with evolving global services in various sectors as the front-runner. Offers Encryption and Validation Blockchain technology is proficient enough to manage everything...