IBM's elite cybersecurity division, X-Force Red, launches a comprehensive blockchain cybersecurity offering to help secure the growing enterprise blockchain market
, as well as industrial controls, which tend to operate on software systems beyond their patchable life. In many ways, one of the best uses for blockchain is to serve as a ledgering system for machine-to-machine trade, which raises the priority of security design thinking well before new technologies are deployed, especially ones that record with such permanence, traceability and fidelity as blockchain.
“New technologies often play catch-up with security as they emerge through their early adoption phase. If we look at mobile applications, cloud computing and even personal computers – all these innovations needed to adopt policies and techniques for security,” said Charles Henderson, Global Head of IBM X-Force Red.
One challenge of course, as blockchain and cryptocurrencies move up market, dominated by major players, is the risk that the vibrant startup ecosystem comprised of challengers is effectively priced out from the types of operational, hardware, software, cybersecurity and governance standards that are now emerging. One of the strengths of the blockchain technology wave is not only that the technology is resilient due to its distributed nature.
As the $10 billion enterprise blockchain market continues to grow, the costly cybersecurity lessons of previous technological waves should be maintained in sharp focus. IBM’s X-Force Red being deployed to make the design and delivery of blockchain-based solutions more secure suggests that the technology has not onlyit has entered its period of rapid adoption.
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