Startup Innovators That are Set to Light Up the Blockchain Cybersecurity Market
Blockchain
technology is most often associated with cryptocurrencies and financial services
applications. But, it’s the
very decentralized nature and cryptographic anchor of blockchain that makes it
a prime foundation for cybersecurity solutions, particularly considering the
continued mass-scale data breaches and identity theft happening on a worldwide
scale and within the most well-guarded corporate perimeters. The race is on for blockchain-based
cybersecurity. ABI Research has
identified the fifteen startups in the blockchain-based cybersecurity space.
According to
the firm, these startups are the hot tech innovators who are aiming to harness the
transformative features of blockchain and transform existing security models
around identity, authentication, and data protection.
One can
observe that, by leveraging digital signatures, cryptographic
hashing, and consensus mechanisms in a distributed ledger format, these
innovators hope to provide long-awaited solutions to the problems of data theft
and loss.
“Going forward, we will see increasing interest in using blockchain to
protect all types of data (identity, corporate, financial) in transit and at
rest. Most importantly, these technologies will be just as easily available to
individuals wanting to regain control and protect their personal information,
as well as to large organizations managing terabytes of business data,” says
Michela Menting, Research Director at ABI Research.
And, the Hot Tech Innovators in Blockchain-Based Cybersecurity are:
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