Blockchain For Business: Secure Implementation

Blockchain is an emerging technology with the potential to transform the current technological landscape by supplanting legacy digital infrastructure. However, integrating blockchain technology into business operations presents challenges. Despite lofty claims—and some promising practical applications—blockchain is currently most accurately described as a tool that can be used to make the operations of existing technologies more efficient and secure. Organizations in many industries are already planning to incorporate blockchain technology into their business processes to reap its various benefits, and it is highly likely that this pattern will continue. However, successful implementing new blockchain-driven business models (or modifying existing ones to incorporate blockchain) requires an understanding of this technologyʼs current trends and growth trajectory. To this end, EC-Councilʼs CISO MAG and Cyber Research surveyed industry professionals to understand the current state and impact of blockchain technology on business operations and corresponding pre-implementation information security. The current paper is designed to guide industry leaders and decision-makers in blockchain technology adoption through examining trends in the organizational, technical, and security domains, along with key challenges facing blockchain implementation.