Today, data is considered the new oil and rightly so because the amount and type of data collected on people and systems is so vital not only to organizations but also to attackers. As companies become more competitive, the responsibility to protect personal, intellectual and financial data about themselves and their clients is becoming harder and harder and of increasing importance every other day due to development of new attacking methods and continued discovery of vulnerabilities in existing systems and technologies. Organizations are now reeling to more advanced technologies, that although are not meant for security, have been proven to be more effective in providing security compared to traditional security methods and technologies. Some of these technologies are Artificial Intelligence and Blockchain.
PwC predicts that by 2030 AI will add up to $15.7 trillion to the world economy, and as a result, global GDP will rise by 14%.
According to Gartner, business value added by blockchain technology will increase to $3.1 trillion by the same year.
The Healthcare industry is uniquely positioned with modern and legacy data warehouses, data inputs and outputs that should be scrutinized thoroughly for abnormalities. In addition, systems handling these HIPAA data should be secure. This is where Artificial Intelligence comes in. Artificial Intelligence is a science that develops machines that can think and act by themselves without needing human interference. Artificial Intelligence has been used to develop systems that can scrutinize lines of codes for errors and vulnerabilities and repair the code. Artificial Intelligence has also been used to develop Intrusion Detection Systems (IDS) and Anti-viruses which has been paramount in protecting against malicious actors. CCTV cameras have also been developed with algorithms that have the ability of matching people in real life against faces in the access card they provide to access a data warehouse therefore flagging out intruders. AI systems are also used in differential privacy protection systems which not only ensure the privacy of consumers but also provide customized user experience to users based on the data they provide.
Blockchain on the other hand uses cryptography to develop an unalterable chain of transactions where only participants in the transaction can participate and share the contents of the transaction. Although it is famously deployed in Bitcoin, similar principles can be used in Healthcare and FinTech fields where security is of increasing importance. It can also be used in other fields where documents need to be handled in a secure and unalterable state and where removal of intermediary systems would enhance productivity. Blockchain, in data warehouses, is a strategy using smart contracts to ensure the integrity and security of data such as payment, delivery, confirmation, time of delivery and condition of delivered product. This not only increases security but also efficiency.
#blockchain #cybersecurity #cryptography
