Home Technology Taiwan to use Web 3.0 technology in its fight against Chinese cyberattacks

Taiwan to use Web 3.0 technology in its fight against Chinese cyberattacks

Taiwan to use Web 3.0 technology in its fight against Chinese cyberattacks

Editor’s Note: With such volatility in the markets, stay up to date with daily news! Get our quick roundup of today’s must-see news and expert opinion in minutes. Register here !

(Kitco News) – Taiwan officials are preparing for the official launch of its new Ministry of Digital Affairs (MODA) office on August 27 amid escalating tensions between China and the island country on the western end of the Pacific Ocean.

Its launch is part of a multi-pronged approach designed to protect against Chinese cyberattacks, which have increased in recent months amid visits from top US diplomats, including Congresswoman Nancy Pelosi.

The new ministry will be responsible for policies related to information, telecommunications, communications, information security and the Internet when it is launched, with information security becoming the most pressing concern now.

According to Minister without Portfolio Audrey Tank, who has been chosen to lead the new ministry, IPFS (InterPlanetary File System) technology will be integrated into her system to help bolster the nation’s cybersecurity capabilities in its information warfare with the China.

IPFS is considered part of the evolution of Web 3.0 because the protocol works as a peer-to-peer network to store and share data in a distributed file system. To do this, the protocol uses content addressing to uniquely identify each file in a global namespace connecting all computing devices.

Tang emphasized the unchanging nature that the new integration brings, commenting that “it uses a Web3 framework, which is tied to the global blockchain community and the Web2 global backbone network. So if it can be deleted, everything from Ethereum to NFTs will be deleted, which is unlikely.

Decentralized networks like IPFS have proven effective in combating Distributed Denial of Service (DDoS) attacks, which have become a preferred method of attack against Taiwan by China in recent months.

After Pelosi’s visit in early August, Tang said that cyberattacks against government units in Taiwan exceeded 15,000 gigabits, a figure 23 times higher than the previous daily record.

Several government websites, including the presidential office, have been targeted in the overseas cyberattacks, some of which appear to have been launched by China and Russia, authorities said.

Taiwanese Cabinet spokesman Lo Ping-Cheng said power plants and airports had been the focus of increased security measures, as well as an increased level of cybersecurity vigilance across all government offices. .

MODA’s integration of IFPS technology demonstrates one of the many beneficial applications of distributed ledger and blockchain technology and highlights the additional security that peer-to-peer networks can provide.

From a broader perspective, Taiwan’s relationship with crypto so far has been somewhat love-hate, with the country recently enforcing an indirect ban on buying cryptocurrencies with credit cards after its main financial regulator compared cryptos to online gambling.

On the other hand, the country continues to work diligently on its own central bank digital currency, which is currently dispersed through a pilot program to five Taiwanese banks for wider distribution.

Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. This is not a solicitation to trade commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for loss and/or damage resulting from the use of this publication.


Please enter your comment!
Please enter your name here