Ensuring data security has become a primordial interest for companies and enterprises, regardless of their business profile and sphere of activity.
The most common method to ensure data protection is through encryption, a process through which information is transformed into ciphertext, an unintelligible block of text that can be decrypted only with the correct encryption key. For decades, data encryption has become an important line of defense in the flow of cybersecurity architecture because even if data is intercepted by malicious actors, a complex encryption algorithm can block attackers from deciphering the content of the information.
Although an invaluable tool, the way in which encryption is applied to protect information usually determines the levels of data tamper resistance. The problem is that encryption is mostly used to protect data at rest or in transit, leaving it potentially vulnerable during processing.
As encryption mechanisms have evolved, the range of attacks on data has also expanded, ranging from attacks focused on encryption keys, integrity or corruption attacks, ransomware, and data destruction attacks.
Modex BCDB enables companies to tap into the potential of blockchain technology to store their database entries into a secure tamper-proof blockchain ecosystem. The infrastructure of the BCDB system was designed with security in mind. As such, to supplement the security capabilities of a standard blockchain network, Modex BCDB comes with a default data encryption mechanism that removes the need for programmers to write new code to encrypt the data. To enhance user experience and add a layer of flexibility to the BCDB environment, users have the option to enable automatic encryption at the field level. As such, any new data inserts are automatically stored in an encrypted format.