Fachbuch, 2019
100 Seiten
This paper aims to identify and assess the risks to data integrity on public blockchains. It investigates the differences between public and private blockchains regarding data integrity through a qualitative research approach, utilizing focus interviews and a quantitative online survey. The findings are used to evaluate the likelihood of occurrence and possible consequences of identified risks on data integrity.
This research focuses on the security of public blockchain systems, specifically the risks to data integrity. The key terms and concepts include: public blockchains, private blockchains, data integrity, risk identification, risk assessment, qualitative research, focus interviews, online survey, risk mitigation strategies.
The research identified 11 risks, including 51% attacks, smart contract vulnerabilities, and issues with decentralized consensus mechanisms.
Public blockchains rely on decentralized trust and are more open to external attacks, while private blockchains offer more control but introduce risks related to centralization.
No, despite identifying high-level risks, there is currently no evidence that blockchains are fundamentally insecure; risks can be mitigated through proper management.
DLT is the broader category of technologies, including blockchain, that allow for the secure recording of transactions across multiple decentralized nodes.
Mitigation strategies include rigorous smart contract auditing, choosing appropriate consensus algorithms, and implementing robust IT risk management frameworks.
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