Simply put, a blockchain is a distributed, decentralized database. The copies of these databases are stored on a large number of servers. A single update on one server results in simultaneous updates of the data on all others. Transactions in blockchain-based platforms cannot be changed afterwards and are mostly transparent. Tokens can now be linked to these transactions, primarily as digital representations of valuables, ownership, money or securities. Transactions are transferred and updated in real-time, and all processes are automated and standardized via smart contracts. Objects of value are recorded in an unchangeable data structure and managed by an algorithm based on cryptographic mechanisms. Thus, numerous points of friction in today’s economy can be counteracted preventively. These features make blockchain a predestined fit for establishing a universal and user-friendly database for storing information and value of all the protected intellectual properties. This would for instance significantly ease the processes of mergers and acquisitions.
The ramifications of the SolarWinds attack are still unfolding more than four months since the breaches were revealed to the public. One underappreciated facet of the wide-ranging scandal that has engulfed much of the U.S. government and hundreds of major companies involves the powerful role the open source community played in helping enterprises respond to the crisis, according to Greg Bell, co-founder and CSO of cybersecurity company Corelight.
“What happened with the Sunburst malware is that when FireEye/Mandiant discovered the attack and made this sort of amazingly detailed disclosure, they released information about the attack—so called indicators of compromise—in open formats on GitHub, the platform where open source tools are built and where information is shared,” Bell said.