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BLOCK -CHAIN TECHNOLOGY: BEYOND APPLICATION IN THE CRYPTO-

CURRENCY 1

Christophe Bassono

Literature Survey Proposal

CYBR-4360 Foundation of IA

UNO- Fall 2018

Literature Survey Proposal

Topic: Block-chain Technology: Beyond Application in the Crypto-currency

Topic area and emerging issue

The literature review topic area has been designated to blockchain technology: beyond

application in the crypto-currency. This is since there seem to be issued in this area of security in

the online world and blockchain can provide the solution to various areas beyond the sphere of

using this application for crypto-currency. Thus, this topic is highly relevant.

Key Words

The key search words that are being used to conduct the research for this topic include

the following selections and more may be added as the research continues. Thus, the keywords

respectively are as follows: emerging issues in cybersecurity in relation to the blockchain,

protection of transactions in various industries with blockchain usage, how can blockchain

protect your company, what can blockchain be used for, security issues that blockchain can solve

and risks involved regarding the application of blockchain for various industries.

Motivation and background

This is an underdeveloped realm regarding the application of blockchain beyond the

aspect of usage for crypto-currency. And there have been cyber attacks on various industries,

including various government agencies being hacked. Thus, the investigation of blockchain

application for other industries does make sense. More security can be added to protect

industries from malicious hackers.

Purpose and whom this will benefit

This study is needed to help others to understand how blockchain can be applied to

provide cybersecurity beyond the realm of using it for crypto-currency application. This will

benefit those who have industries that have been attacked previously. This will help those who

are venturing into new businesses. This will help those who want to protect their current business

as a manner of prevention, though they have not been attacked yet. This information can be

applied to almost all industries. With this being the case, this is a highly valuable study.

Expectations and time frame

I expect to find more information on this topic to aid in understanding more precisely the

types of industries that are using it and the ones that it can yet be applied to. The successes and

the risks will be uncovered. I suspect there is not as much information in this area of study as

there is in comparison to blockchain being applied to crypto-currency. Thus, the time frame that

BLOCK -CHAIN TECHNOLOGY: BEYOND APPLICATION IN THE CRYPTO-

CURRENCY 2

will be dedicated to this research and project will be two weeks. I believe this will provide a

good foundation for a solid report.

Hence, the literature review will commence with an explanation of what block chain is to

provide a foundation for this study, as the study will not make sense without a comprehension of

the basics of the blockchain. It will also be explained how blockchain is a stronger protection

solution than other protection solutions that give it an advantage to keeping hackers out, such as

the fact that this application is not able to be manipulated and controlled by only one designated

mastermind Moreover, the reality is that blockchain possesses more than one point that must be

broken down before a hacker can get into the system and the points are ultra intricate and almost

impossible to hack (Walker, 2018).

In addition, the study will then move on to how it was applied to bitcoin and crypto-

currency to give an understanding of the application that may be applied to other industries

(Tudja, 2017). Also, there will be the mention of some risks that have occurred with blockchain,

so that readers are aware that there may need to be some improvements made to ensure the best

security (Kuchler, 2016). Then the research will branch out to begin to study areas where it can

be applied, such as in supply chain management, aviation, schools, etc.

References

Walker, A. (2018). Cyber Security: Block Chain. Retrieved from

https://blog.g2crowd.com/blog/trends/cybersecurity/2018-cs/blockchain/

Tudja, M. (2017, Sept. 18). The Impact of Block Chain (and Bitcoin) on Cyber Security.

Retrieved from https://www.incapsula.com/blog/impact-of-blockchain-bitcoin-on-

cybersecurity.html

Kuchler, H. (2016, Sept. 12). Cyber attacks raise questions about blockchain security. Retrieved

from https://www.ft.com/content/05b5efa4-7382-11e6-bf48-b372cdb1043a