IBM’s X-Force Red security team, which focuses on hacking software to detect and remove vulnerabilities, has launched a new blockchain test service. The service is designed to help enterprises test and secure their private blockchains.
Blockchains are essentially distributed databases that use a peer-to-peer network to move information through blocks and computer nodes. Blockchain is what cryptocurrency is built on as a bitcoin, as well as several other applications. The technology can be used, for example, to facilitate and secure things like smart contracts, digital payments, microtransactions and supply chains.
Blockchain Testing Service
The new test product for blockchain according to IBM X-Force Red is to help secure implementations of the fast-growing technology, reports Silicon Angle. “Blockchain enters the tech world with a slightly different entry point,” says the company. “The most important design point is to build trust and security for the information and the processes it contains.”
Some enterprises mistakenly assume that the security provided by blockchain goes beyond the technology itself. This is a major concern because IBM says that about 70 percent of the blockchain implementations it has observed are dependent on off-ledger systems for processes such as data authentication and processing.
“While blockchain is a breakthrough in protecting data integrity, it does not mean that the solutions it uses are immune to attackers. That’s why security testing is essential during development and after deployment,” said Charles Henderson, Global Head of IBM X-Force Red.
The IBM Blockchain Testing Service, which is now available, works by testing both the LED and the products based on it. The service studies aspects including blockchain code, public key infrastructure, applications, physical hardware and hyperlinkers. This includes investigating how permissions to add or change information in the blockchain are managed, examining password policies and looking for errors in smart contracts.This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.