Gregory Ward on The Bitcoin Bridge: BSV Blockchain an “absolute fit” for cybersecurity
There is more to blockchain technology than its applications in digital currency. One company proving this is SmartLedger, which considers itself the world’s leading blockchain distribution channel. The company’s head of development, Gregory Ward, tells The Bitcoin Bridge that it was able to establish itself thanks to strategic partnerships with many amazing companies and developers in the blockchain ecosystem.
“We’re proud to provide expertise, consulting and development assistance to any business or anyone who needs to build a ‘link’ into the power of blockchain,” says Ward. “And through that, we also have a very creative side to us even in SmartLedger.”
Strengthening cyber security through blockchain
One of the very first and crucial uses of blockchain developed by the SmartLedger team was Certihash. Ward described this as a suite of cybersecurity products that mimic or mirror the cybersecurity framework of the National Institute of Science and Technology.
The idea, Ward explained, was to have a cybersecurity platform that incorporated blockchain to preserve the integrity and auditability of data. The idea was quite revolutionary in itself – so revolutionary, in fact, that it quickly grew into something much bigger than first anticipated.
“Certihash was a product that we felt was significant enough to give it its own company,” Ward said. And so the SmartLedger team ended up creating a brand new company and company.
The Chief Development Officer went on to explain the five functions under cyber security: identify, protect, detect, respond and recover. Of these five, the Certihash team determined that detection is one of the most important, especially as the average detection time before a cyber security breach is discovered is 212 days.
“It’s unacceptable,” Ward said. “It is unacceptable for any business to have such a long wait before they are able to be aware of something happening on the network.”
To address this, the first of five applications to be rolled out within Certihash is the Sentinel Node. With detection as its primary priority, Sentinel Node gives organizations the ability to monitor all important logs and files, generating a verifiable trace of everything that happens in those logs and files.
Ward said one of the first things hackers want to do when they exit a system is to erase any sign of malicious activity. Sentinel Node makes it so hackers can’t.
Certihash on another blockchain? Absolutely not possible
So why BSV? Speaking about his journey into cybersecurity and blockchain, Ward said the applicability of BSV to any industry just seemed right for him. More than that, Ward argued that there was no other blockchain that could run a system like Certihash.
“When we look at the environment of blockchains, absolutely not,” Ward said.
Ward explained that a critical factor for Certihash to work is BSV’s ability to support micropayments down to a thousandth of a krone. Without it, he believes it is impossible to capture the necessary details in the information needed to keep track of log files that are constantly updated. And that’s not even all of that either.
“Obviously, the security of the proof of work that BSV is able to achieve with the scalability makes it a perfect fit, because you can’t have a blockchain that gives up security measures by moving to a less secure model than proof of work and then claiming that you are a cyber security company.”
Watch the full interview with Gregory Ward on The Bitcoin Bridge with Jon Southurst. Watch the full interview on the CoinGeek YouTube channel.
See also: BSV Global Blockchain Convention presentation, Sentinel Node: Blockchain Tools to Improve Cybersecurity
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