Enhancing Cybersecurity Through Blockchain Technology

Introduction

The conventional economy has rejuvenated itself as a digital economy by incorporating the latest digital technology advancements in its business process. Its result transfer and so on. Hence the business houses have to understand deeply that now almost all the sectors such as manufacturing and services sectors have started to use the Information and Communication Technology (ICT) enabled digital gadgets into their business operations for designing, executing, supervising, and augmenting the business technologies have been supporting a lot to the business process, they are not free from data security issues such as cybercriminal and cyber attack, particularly in the operations by administering business and customers’ data. Thus data has made a revolution in the recent business world, along with Internet technologies (Verma Mudit Kumar, 2020). Though the online business growing day-by-day, data security threats also have been growing along with the online business in various forms and distress the acuities of the way consumers are using online platforms for various purposes such as online purchasing, ticket booking, and money these threats will destroy their businesses which are operating on the online platform. Therefore the business houses need to take appropriate safety precautions to eliminate the data threats as possible as to increase consumers’ self-confidence towards the online business, and thus it would be an option to maintain a tempo in online shopping (Liao and Fan, 2020). As these measures are used to secure the customer base, it is called cybersecurity, and it has been instituted to make sure the security of consumers’ seclusion and data and thus it ensures a hassle-free shopping experience to the consumers. Hence there is a requirement for promoting cybersecurity measures at all levels of the online business to condense the impact of cybercrime and to promote the benefits connected with cybersecurity (Aboul-Enein, 2017).