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US telecommunications giant Verizon announced two blockchain-based network security systems

    Verizon Business, the business arm of the US telecommunications giant, has announced Two blockchain-based network security systems. This is the first time Verizon has used blockchain for network security.

    Firstly, Verizon Identity (VID), store information about login information in a secure digital identity (digital identity safe) on mobile phones. Verizon says this can eliminate the need for passwords. It also integrates multi-factor authentication and biometric data, and meets government data protection laws and cryptographic standards.

    Monday, Verizon's Machine State Integrity (state integrity of Verizon devices), get information from huge decentralized systems, like smart cities or power grids, and put data into clear, insightful security issues and compliance. It will operate in the US in the second quarter of this year.

    Verizon says the blockhain distributed database is more secure than centralized alternatives because there is no single central or entry point.

    According to one report Recently announced by Verizon, financially motivated cyberattacks are on the rise.

    Now, more than ever, organizations need to think differently about security and leverage cutting-edge technology to combat cybercrime. Verizon's solutions provide a significant step forward in protecting cybersecurity, according to Alex Schlager, product manager of security services at Verizon Business. declare.

    This is a notice about blockchain products built on previous research. In September last year, Verizon was granted a patent for a blockchain-based system for virtual SIM cards. The idea is similar to the VID system: the system links a virtual SIM card with a specific user. The system will activate a virtual SIM card, providing users with access to the mobile network.

    Tong Giang

    According to Decrypto

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