Since a blockchain system is protected with the help of ledgers and cryptographic keys, attacking and manipulating it becomes extremely difficult. Blockchain decentralizes the systems by distributing ledger data on several systems rather than storing them on one single network. This allows the technology to focus on gathering data rather than worrying about any data being stolen.
Implementation of blockchain applications requires comprehensive, enterprise and risk based approaches that capitalize on cybersecurity risk frameworks, best practices and cybersecurity assurance services to mitigate risks. In addition, cyber intelligence capabilities such as cognitive security, threat modeling, and artificial intelligence can help proactively predict cyber threats to create counter measures. We will have walkthrough on how AI is first line of defense while Blockchain is second line of defense.