Taiwan looks to Blockchain to avoid Chinese hackers

Taiwan looks to Blockchain to avoid Chinese hackers

Taiwan plans to leverage blockchain’s security features to strengthen its cybersecurity and make it more resilient to Chinese cyberattacks. The East Asian country’s government launched the blockchain-based project shortly after US House Speaker Nancy Pelosi visited the island, the first visit by a high-ranking official in more than two decades.

Designed in 2014 by Juan Benet, the InterPlanetary File System (IPFS) will allow Taiwan’s Ministry of Digital Affairs to protect its infrastructure from online attacks. Built using blockchain technology, IPFS is a decentralized peer-to-peer network that allows users to bypass centralized points of failure by storing and backing up websites and files across a wide network of different nodes. This technology also enables users to circumvent online censorship, a problem prevalent in neighboring China.

Taiwan’s Ministry of Digital Affairs (MODA) will integrate IPFS technology into its web portal to protect it from attacks. In the wake of Pelosi’s visit to Taiwan, the country’s government websites have experienced several attacks, including a distributed denial-of-service (DDoS) attack that rendered the pages inaccessible. Taipei officials also say the country saw nearly 5 million scans for system vulnerabilities and attacks in 2021.

According to Taiwan’s Digital Minister Audrey Tang, the new MODA website had not been subject to any attacks since it was first launched when China began conducting military exercises around the time Pelosi visited Taiwan. Tang says the site currently uses both Web2 and Web3 tools, leveraging a Web3 structure built on and dependent on the global Web2 backbone network. Although the new website currently lists “Coming soon August 2022”, the public can still access more files via IPFS.

See also  Reasons why organizations are reluctant to implement blockchain technology

Speaking to local media outlet Liberty Times, Tang said the country launched the new MODA website on the day the Chinese military began army exercises. Shortly after China’s People’s Liberation Army began its military exercises, Taiwan saw an increase in cyber attacks, with attacks reaching around 15,000 gigabits on August 2, 2022. There were also reported cases of hackers breaking into public signage and displaying messages labeling Pelosi as a witch who wants to challenge China’s sovereignty and divide the Chinese people.

The East Asian country has traditionally been the target of Chinese cyber attacks, reporting as many as 20.4 million cyber attacks each month in 2018. Cyber ​​attacks increased after Taiwan elected Tsai Ing Wen as president in 2016, with Taipei stating that the country saw approximately 5 million scans for vulnerabilities or attacks per day last year.

The move that Taiwan has made to resort to using blockchain technology to fend off potential cyberattacks is precisely what could end up popularizing the industry and giving companies like HIVE Blockchain Technologies Ltd. trust they need in the eyes of the public.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most efficient manner possible, (2) article and editorial syndication to 5,000+ news channels, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full range of corporate communication solutions As a multifaceted organization with a comprehensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies seeking to reach a broad audience of investors, consumers, journalists and the general public. By cutting through the information overload in today’s market, CCW provides its clients with unparalleled visibility, recognition and brand awareness. CCW is where crypto news, content and information converge.

See also  Blockchain legislation in Iraq - Tekedia

To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 844-397-5787 (US cell phones only)

For more information, please visit

Please see the full terms of use and disclaimers on the CryptoCurrencyWire website that apply to all content provided by CCW, however published or republished:

CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.994.9818 Office
[email protected]

CryptoCurrencyWire is part of the InvestorBrandNetwork.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *