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Cybersecurity Considerations in Blockchain-Based Solutions

The cover of the book "Blockchain in Life Sciences"

Figure: The cover of the book "Blockchain in Life Sciences"

Book Chapter Summary

Blockchain technology has a reputation for providing a higher level of assurance and security than other information systems. However, many design decisions, implementation realities, limitations, and trade-offs can create underlying vulnerabilities in blockchain-based solutions that are exploitable by malicious attackers. This chapter discusses some of the most common vulnerabilities in blockchain-based solutions that can arise in the context of life sciences research. For each of these vulnerabilities, mitigating strategies are proposed to address the identified risk. These mitigating strategies reduce the likelihood and impact of the occurrence and, thereby, bring the cybersecurity risk to an acceptable level. Like any other information system, securing a blockchain-based solution requires a holistic, contextual, and risk-based approach that investigates all possible attack vectors and contextually evaluates their potential harm.

Book Chapter Keywords

Defense-in-depth, Threats, Vulnerabilities, Risk, Life sciences, Blockchain technology, Smart contracts

Book Information

Publication date: August 30, 2022

Links

References

APA McKay, D., & Mashatan, A. (2022). Cybersecurity considerations in Blockchain-based solutions. In Charles, W. (Eds) Blockchain in Life Sciences. Blockchain Technologies, Springer, Singapore, 285–313. 
BibTeX @Inbook{McKay2022,
author={McKay, Dave and Mashatan, Atefeh},
editor={Charles, Wendy},
title={Cybersecurity Considerations in Blockchain-Based Solutions},
bookTitle={Blockchain in Life Sciences},
year={2022},
publisher={Springer Nature Singapore},
pages={285--313},
isbn={978-981-19-2976-2},
doi={10.1007/978-981-19-2976-2_13},
url={https://doi.org/10.1007/978-981-19-2976-2_13}
}
DOI https://doi.org/10.1007/978-981-19-2976-2_13
IEEE D. McKay and A. Mashatan, “Cybersecurity considerations in Blockchain-based solutions,”in Charles, W. (eds) Blockchain in Life Sciences. Blockchain Technologies, Springer, Singapore, pp. 285–313, Aug. 2022. 
ISBN Print: 978-981-19-2975-5
Online: 978-981-19-2976-2