IBM awarded with Patent for Blockchain-Based Network Security System by USPTO

Initially filed in September 2017, the U.S Patent and Trademark Office (USPTO) ruled in favor of IBM and awarded the information technology company the new patent that plays a role in monitoring security breaches within computer networks.

The patent outlines how a network of monitors connected to a  blockchain platform can log events on the network, including potential intrusions. While attackers may try to hide signs of their work on one monitor, having multiple backups of that information will help ensure that such events are still logged, according to IBM.

“On a computer system or network, data may be monitored for many different purposes. Data monitoring may identify problems, observe conditions or track metrics by logging the events of a given computer system or network,” the patent states. Securing such data is critical for a company.

The patent explains:

“Having synchronized monitors set up in a blockchain configuration ensures consensus among the monitors. Since one monitor alone cannot alter the event log in the past or cannot fake the event log in the future if one monitor is hacked, then there may be no consensus among the synchronized monitors and the event may not get written into the log.”

The application of blockchain technology and it’s ever-evolving use from industry to the industry has led to IBM to benefit, especially in the case of preventing intrusions on distributed networks and securing data which critical for a company. The use of blockchain would highlight irregularities which in turn would  “create a less vulnerable network”

Link to the complete article, here.


About Bank Of Hodlers

Bank of Hodlers is a Blockchain based firm that provides services in terms of ensuring security against Crypto thefts, providing Crypto credit cards and Crypto backed loans.

Want to share your thoughts on this?

Up ↑

%d bloggers like this: