
Top-6 Blockchain Security Issues and How to Solve Them
Blockchain was initially used for cryptocurrency; however, the technology is widely spreading across various industries. The technology of Blockchain is based on a decentralized network that is fully encrypted. Even though it is considered highly secure, there are some security threats and issues in Blockchain. In this article, we have collected Blockchain vulnerabilities and will provide the solutions that our CPI Tech visionaries suggest.
Blockchain endpoint vulnerability
Although Blockchain technology provides strong security, the transactions' endpoints are not as safe. For example, if you store cryptocurrency in hot wallets, its security can be broken. Also, if you use any third-party solutions, the security may be breached.
CPI engages in the development of all stages of your product. Therefore, we are interested in providing secure endpoints so as to benefit your company.
Problems with scalability
Blockchain solutions are more and more widely used in business. However, many people express fear that large-scale Blockchain is not tested.
CPI has successful experience in implementing Blockchain technology across various spheres. Therefore, our tech experts provide only tested solutions that are customized and maximally secured for your company.
Questions about regulations
Many fear that not all Blockchain solutions are legally regulated. There are almost no standards for the use of technology.
CPI services always comply with the regulations. In fact, we were the first to launch the world's first mass-market tokenized real estate! We developed the first security token approved by the German Federal Financial Supervisory Authority (BaFin).
The breach of transaction privacy
User behavior is easily traced on Blockchain networks. Not every transaction is safe; therefore, the user's privacy may be breached.
CPI guarantees that every Blockchain transaction is assigned a specific private key so that it is completely secure.
Coding underdevelopment
As Blockchain technology is rather new, there may be some problems in coding. It may lead to technology vulnerabilities.
CPI is a team of experts in Blockchain technology. Our developers are highly committed to their work and won't miss any bugs in coding.
Hacker attacks
No technology is secure from hacker attacks. Blockchain solutions are no exception.
CPI provisions the possible cyberattacks and therefore provides high encryption for their Blockchain solutions to avoid privacy and security issues.
All in all, no technology is completely secure. However, in comparison with other solutions, Blockchain provides the highest level of security.
We at CPI Tech know how to develop a safe platform for your business based on Blockchain technology. Our experts can guarantee the highest security of your data.
Hire our specialists to ensure the most secure Blockchain solutions for your company!