However, not all networks adhere to the same standards or require the same baseline levels of security, and therefore some developers can be focused on getting to market with their deployment quickly, which can lead to inadequate security.
#X force red code
As an industry leader in enterprise blockchain, IBM is at the forefront of contributing code and best practices to help build the needed technology and standards for secure, compliant and effective enterprise blockchain implementations. The same networks, applications, hardware, and personnel that can expose organizations to security vulnerabilities are still present even when blockchain technology is at the core of a technology or business solution.Įstablishing hardened industry standards is a critical next phase in enabling the widespread enterprise adoption of blockchain. And while blockchain networks used in the enterprise take into account business-critical security considerations, the security halo does not necessarily extend beyond the blockchain itself. In today’s distributed IT environment, where companies demand flexibility and many run workloads on a variety of different infrastructures even within their own organizations, this means that data written to the blockchain can originate from multiple different data structures, have been hosted on numerous public clouds or on-premise systems, and be subject to disparate security standards.īlockchain enables businesses to transact with one another with greater trust and transparency. Today, there is meaningful work underway to use blockchain technology across the enterprise and organizations are seeing real efficiencies and cost savings from its use.īlockchain solutions are most effective when networks are comprised of diverse members that contribute data. While initially created as the engine behind cryptocurrencies, in a matter of years the uses for blockchain technology for business have grown exponentially. Blockchain presents businesses with an opportunity to break that trend.” “If we look at mobile applications, cloud computing and even personal computers – all these innovations needed to adopt policies and techniques for security after they grew in popularity. “While blockchain is a breakthrough for protecting the integrity of data, that does not mean the solutions that leverage it are immune from attackers, which is why security testing is essential during development and after deployment,” said Charles Henderson, Global Head of IBM X-Force Red. X-Force Red will also test backend processes, applications and physical hardware used to control access and manage blockchain networks. The X-Force Red Blockchain Testing service will evaluate the whole implementation including chain code, public key infrastructure and hyperledgers. IBM X-Force Red is seeing that 70 percent of solutions that incorporate blockchain rely on traditional technologies for backend processes like authentication, data processing and Application Programming Interfaces (API). With worldwide spending on blockchain solutions forecasted to reach $9.7 billion by 2021, the number of blockchain implementations will likely grow exponentially across all industries.1 Meanwhile, the benefit of the network effect inherent to blockchain networks means they include broad, decentralized ecosystems of organizations, which in turn offers different attack vectors than traditional applications and creates opportunities for cybercriminals seeking to manipulate or monetize the data being shared on the blockchain. Leveraging the extensive security and developer expertise of X-Force Red penetration testers, the service will evaluate both the backend processes used to manage blockchain networks as well as the actual ledger environment. IBM Security’s team of offensive security experts, X-Force Red, announced the launch of a new blockchain testing service to help identify weaknesses and strengthen security of a wide range of solutions that incorporate the fast-growing technology.
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