Unchained value: Can blockchain be a security enabler?

The world has changed. Cyberspace and the security of it is now critical to both the civil and economic wellbeing of almost all developed and developing nations. New ways of working have enabled significant productivity gains to be realised, especially in areas of commerce and social media. The ability for us to transact across the globe has afforded us access to consumers and areas previously unreachable by traditional technology.

Cyber security has, in some respects, been an inhibitor to development and in some cases a blocker in our corporate, personal and civic lives. This is no more apparent than the centralised security solutions we have created, such as authentication, authorisation and verification technologies. These centralised ways of working are at odds in the way we as humans operate, yes we need (indeed crave) structure, however a over burdening of structure can stifle innovation, and lead to ingenious Robosapiens looking for ways around the security controls put in place.

As we live in a framework society, governed by laws, ethical rules and regulations we should try to adopt a framework approach to cyber security, that affords us the ability to do our work, live our lives yet prosecute wrong doer’s if they deviate from acceptable norms. Technologies such as block chains and peer-to-peer technologies may provide this type of framework control, whereby we as clever users don’t feel the need to look for holes as the system doesn’t get in the way.

Blockchains are by their nature, distributed and decentralised and therefore may provide a new way to move to a real framework society. Coupling this technology to the recent developments cloud, fog and IoT computing, the 2010’s are shaping up to be a very interesting time for us!

Written by: Paul Lewis.
Paul is responsible for strategic commercialisation, technical strategy and research lead product development within Crossword, alongside delivery of new service lines.
He has over 15 years’ experience of working within IT and cyber security. His experience includes technical and senior management positions, most recently at the Defence Academy of the United Kingdom (Cranfield University). Prior to this, Paul was a senior policy advisor to the UK Dept for Business, Innovation and Skills.

Paul Lewis is one of the speakers in the Blockchain: Distributed Ledger and Financial services conference, London, July 2016. Register now

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