Home Blockchain Gregory Ward on The Bitcoin Bridge: BSV Blockchain is an “Absolute Fit” for Cybersecurity

Gregory Ward on The Bitcoin Bridge: BSV Blockchain is an “Absolute Fit” for Cybersecurity

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Gregory Ward on The Bitcoin Bridge: BSV Blockchain is an “Absolute Fit” for Cybersecurity

There is more to blockchain technology than its digital currency applications. One company that proves this is SmartLedger, which considers itself the world’s premier blockchain distribution channel. The company’s director of development, Gregory Ward, tells The Bitcoin Bridge that it has been able to establish itself through strategic partnerships with many great companies and developers in the blockchain ecosystem.

“We pride ourselves on being able to provide expertise, guidance and development assistance to any business or individual that needs to connect to the powers of blockchain,” Ward said. “And through that, we also have a very creative side of ourselves within SmartLedger.”

Strengthen cybersecurity with blockchain

One of the very first and crucial blockchain applications designed by the Smart Register the team was Certihash. Ward described this as a suite of products for cybersecurity that mimics or mirrors the National Institute of Science and Technology’s Cybersecurity Framework.

The idea, as Ward explained, was to have a cybersecurity platform that integrates blockchain to maintain data integrity and auditability. The idea was pretty groundbreaking on its own – in fact so groundbreaking that it quickly grew into something much bigger than originally envisioned.

“Certihash was a product that we felt was important enough to make it a full-fledged business,” Ward said. And so the SmartLedger team ended up creating a whole new company and company.

The development director then explained the five functions of cybersecurity: identify, protect, detect, react and recover. Of these five, the Certihash team determined that detection is one of the most important, especially since the average detection time before a cybersecurity breach is discovered is 212 days.

“It’s unacceptable,” Ward said. “It’s unacceptable for a company to wait that long before they can be aware of something happening on the network.”

In order to solve this problem, the first of the five applications to be deployed in Certihash is Sentinel Node. With detection as a top priority, Sentinel Node provides organizations with the ability to monitor all important logs and files, generating an audit trail of everything that happens in those relevant logs and files.

Ward said one of the first things hackers want to do when leaving a system is to wipe out any signs of malicious activity. Sentinel Node makes it so hackers can’t.

Certihash on another blockchain? Absolutely not possible

So why BSV? Speaking about his background in cybersecurity and blockchain, Ward said BSV’s applicability to all industries seemed to suit him. More than that, Ward asserted that there is no other blockchain capable of running a system like Certihash.

“Looking into the blockchain environment, absolutely not,” Ward said.

Ward explained that a critical factor for Certihash to work is BSV’s ability to support micropayments up to a thousandth of a penny. Without it, he believes it’s impossible to capture the necessary details of the information needed to track constantly updated log files. And that’s not even all.

“Of course, the proof-of-work security that BSV is able to achieve with scalability makes it an absolute fit, because you can’t have a blockchain that forgoes security measures by moving to a less secure model than proof of work and then claim you are a cybersecurity company.

Watch the full interview with Gregory Ward on The Bitcoin Bridge with Jon Southurst. Watch the full interview at CoinGeek YouTube Channel.

Also watch: Introducing the BSV Global Blockchain Convention, Sentinel Node: Blockchain Tools to Improve Cybersecurity

New to Bitcoin? Discover CoinGeek bitcoin for beginners section, the ultimate resource guide to learn more about Bitcoin – as originally envisioned by Satoshi Nakamoto – and blockchain.

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