Nowadays, cyber security is often on the surface, and for an ordinary network user, this can raise questions about how to protect one’s own data from data security attacks. Blockchains are the technology of the future that will democratize the internet.

How does blockchain technology appear to the average user and can it really be used to improve one’s own information security. These are questions to which there are currently no completely watertight answers, but in the future the technology in question may already be commonplace for many of us.

Blockchain technology

Blockchain technology is not a very new concept, but the first ideas about it were already presented in the 1990s. The basic idea of blockchain technology is to protect the content of files in a way that cannot be decrypted and that utilizes several different network users.

Blockchain technology offers a new way to store and manage information. Information is shared between servers operating in a common network, which can later be collected back into intact information, i.e. a chain. The benefit of the technology is that the time-stamped information stored in the blocks cannot be changed and its traceability in the blockchain can be traced throughout its entire life cycle.

Traditional methods of protection

Passwords have not disappeared anywhere in the world and they are still an effective method of protection in terms of the safety of your own information. However, when building passwords, you must remember to use different passwords for different services, so that one password leak does not cause a big problem for other services. Various virtual server applications, i.e. VPN software, also provide security for users moving online. With the help of these VPN programs, you can protect your IP address from leaking into the wrong hands and they protect well when browsing the web.

Strong bank identifiers are used in many services, and especially in places where funds are transferred from one place to another, there is reason to rely on strong bank identification. Such are, for example, online casinos. Many casinos may have offers, such as playing without a deposit, but a user account must be created for the online casino in any case. The user account is usually protected with a strong bank identifier.

Backing up is also an important protection for protecting your own data. Backups are very automatic these days and many mobile devices and computers handle the backup directly to the cloud service on behalf of the user. From here it is possible to download it to your own device if necessary, if for some reason you have to clear the device or you have bought a new device that needs to be put into use.

Blockchains as an information distributor

In the future, blockchains may offer users the opportunity to protect their personal information so that it is not owned by other service providers such as Facebook or Google. With the help of blockchain technology, personal information can be kept in the user’s own possession and only allow other service providers to read personal information, and not own it.

This kind of ownership of one’s own information may change the way information is passed on in the future, and service providers may have to pay users for it in the future. Owning the data itself may be the biggest benefit of blockchain technology in the future, although it also has many other useful features.

Virtual currencies also make use of this technology and tokens are already a means of exchange in the world. Virtual currencies are currencies that are not controlled by any banks or governments. The use of virtual currencies has become more common online in recent years, and in many places it is also possible to make purchases with the help of virtual currencies.

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• Source: Plato Data Intelligence: Platodata.ai