SmartState blog

April 27, 2023

Role of blockchain in IoT security

To begin with, let’s define what exactly IoT (Internet of Things) is. IoT is a complex ecosystem, which unites all devices connected to the Web (be it a mobile phone, a laptop or a teapot). IoT technologies are used in many spheres of life, not only in house or office environments but also in huge industries such as agriculture or urban planning. It helps to automate lots of processes such as manufacturing, equipment condition control ...

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April 21, 2023

Blockchain technologies in financial sector

The financial sector seems to be the leading one in the blockchain industry, thus the advancement of the technology in the sector is rapid. It goes without saying that the financial sector has a lot of issues and complications, including such key points as security (people’s property is always at risk, being very attractive to criminals and is still very vulnerable) and the cost of services. Blockchain technology has the means to ...

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April 21, 2023

Blockchain in real estate business

Blockchain continues embracing more and more spheres of human life, coming into such seemingly casual and familiar aspects as household. It is interesting how it could have happened and what they might have in common. How may blockchain technology change those industries for the better and make it more convenient? Let us take a closer look.Blockchain in real estateNo wonder that real estate involves huge sums of money and large properties, ...

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April 16, 2023

Blockchain technologies in the healthcare industry

More and more aspects of life adopt the blockchain technologies, and healthcare seems to be no exception. In such a sensitive industry, data security, transparency and accessibility are among the key targets. Human health and even life rely on correct and early diagnosing and proper treatment. But how the blockchain technology can help here and what issues it helps to solve? Let us take a closer look.Blockchain in healthcareBlockchain is ...

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April 14, 2023

Cryptography and its role in blockchain security

Blockchain operators are always looking for better security options, which, among other things, often involve cryptography. Cryptographic hashing functions (which receive a data input of a random size and give back a hash of a certain size, always of the same length) are the key focus. These hashes work as unique identifiers for blockchain blocks, playing a significant role in blockchain security. They are created depending on the previous ...

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April 6, 2023

Benefits of blockchain technology

Blockchain is based on a distributed ledger technology where each node or device in the chain keeps a copy of the whole network. Each block contains a data set, the current block hash value and the previous block hash. The participants of this peer-to-peer network are able to see the same information in the individual blocks, making any transaction recorded in one place visible to each node or device, with the participants having the option ...

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April 1, 2023

Different types of crypto attacks

Despite the blockchain technology being famous for its security, this does not mean it is completely safe from malicious users, scammers and hackers. Some of them employ methods which are very hard to detect before they have done a lot of harm, although some of these can be avoided by routinely taking specific measures in advance. But wherever assets and sensitive data are involved, there will always be those who would like ‘to take ...

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March 28, 2023

Cybersecurity spending analysis of the final quarter 2022

Cybersecurity continues to be in trend according to the market analysis. Spending on cybersecurity projects continued growing steadily in the last quarter of 2022, however, the direct sales seemed to go down. Channel sales rose on the other hand.According to Canalys, the overall spending on cybersecurity technology remained strong in Q4 2022, with significant channel sales offsetting the decline in direct sales. The market grew by 14.5% to ...

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March 24, 2023

Biometrics in blockchain and cryptocurrency security

Biometrics has been adopted in a lot of spheres of human life and has come to blockchain, too. Since it is based on personal characteristics of a user and used to verify a user's identity, it helps to improve the security and take it to another level. If the data recorded in the system matches the user input, the access is granted, otherwise it is denied. It may concern not only devices, but wallets and other crypto solutions. To validate a ...

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March 23, 2023

General Bytes Hacked

The leading crypto ATM developer has reported of a recent hacker’s attack. The attackers stole the company’s and users’ crypto assets by making use of a so-called zero-day vulnerability (a specific software vulnerability, causing a zero-day exploit, which was active for a short period of time. This type of vulnerabilities are overlooked during preliminary security testing procedures, hence the name as the developers had ...

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