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IBM To Develop Blockchain-Based Security System

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Wed, 3/10/2018 - 14:48
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IBM To Develop Blockchain-Based Security System
Cover image via U.Today
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On Tuesday, Oct. 2, U.S. Patent and Trademark Office (USPTO) issued a patent to IBM for “secured event monitoring leveraging Blockchain.”

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The patent outlines how a network of monitors can log events on the network, including possible intrusions, using Blockchain. “On a computer system or network, data may be monitored for many different purposes. Data monitoring may identify problems, observe conditions or track metrics by logging the events of a given computer system or network,” the patent states.

Such a system will ensure no change is made to one monitor without the validation from the other synchronized monitors. Using Blockchain in this way would, therefore, “create a less vulnerable network.”

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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