From the course: Cybersecurity Compliance and Regulatory Essentials for GRC Analysts
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Blockchain
From the course: Cybersecurity Compliance and Regulatory Essentials for GRC Analysts
Blockchain
- [Instructor] In the last two decades, the industry has seen a surge in the popularity and value of digital assets, including currencies like Bitcoin and Ethereum, and artwork in the form of non-fungible tokens, NFTs. If you have bought or sold either of these, you have interacted with blockchain technologies. A blockchain is a decentralized digital ledger that records transactions across a network of computers. This mechanism is seen as inherently secure and transparent, as each time a transaction is recorded, a consensus must be reached on the network and an immutable block is added to the chain for all participants to see. In addition to enforcing the integrity and validity of digital assets, blockchain has many practical applications across the business, including supporting cybersecurity and compliance processes. Blockchain has been leveraged to securely exchange and maintain electronic medical records. It has supported supply chain management by tracking the movement of goods…
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