Blockchain Security Workshop
Blockchain technology produces a structure of data with inherent security qualities.
That’s because blockchain security technology is based on principles of cryptography, decentralization and consensus, which ensure trust in transactions.
In most blockchains or distributed ledger technologies (DLT), the data is structured into blocks and each block contains a transaction or bundle of transactions. Each new block connects to all the blocks before it in a cryptographic chain in such a way that it’s nearly impossible to tamper with.
All transactions within the blocks are validated and agreed upon by a consensus mechanism, ensuring that each transaction is true and correct
Blockchain security has become an important part of its growing popularity.
With blockchain security it is very difficult for any block within a blockchain to be altered or modified, which helps prevent fraud. Additionally, identifying codes built into each block allow for transactional data to be easily traced.
For one thing, blockchain networks can differ in who can participate and who has access to the data. Networks are typically labeled as either public or private, which describes who is allowed to participate, and permissioned or permissionless, which describes how participants gain access to the network.
Public blockchain networks typically allow anyone to join and for participants to remain anonymous. A public blockchain uses internet-connected computers to validate transactions and achieve consensus.
Private blockchains, on the other hand, use identity to confirm membership and access privileges and typically only permit known organizations to join. Together, the organizations form a private, members-only “business network.”
A private blockchain in a permissioned network achieves consensus through a process called “selective endorsement,” where known users verify the transactions. Only members with special access and permissions can maintain the transaction ledger.
This network type requires more identity and access controls.
When building an enterprise blockchain application, it’s crucial to consider security at all layers of the technology stack, and how to manage governance and permissions for the network. A comprehensive security strategy for an enterprise blockchain solution includes using traditional security controls and technology-unique controls.
Some of the security controls specific to enterprise blockchain solutions include key management, data privacy, smart contract security, transaction endorsement, secure communication and identity and access management
It’s generally advised to employ experts to help you design a compliant and secure solution and help you achieve your business goals. Look for a production-grade platform for building blockchain solutions that can be deployed in the technology environment of your choosing, whether that is on-premises or your preferred cloud vendor.
Blockchain Security Workshop by Tonex
Blockchain Security Workshop is a 2-day training program focusing on Blockchain security. Participants will learn how to use a comprehensive risk management framework and system applied to blockchain network.
Blockchain is a Distributed Ledger Technology (DLT) to create trust in an untrusting ecosystem. All nodes or members can record, pass along and view any transactional data that is encrypted onto their blockchain. Using cybersecurity frameworks, assurance services and best practices, we can reduce risks against attacks and fraud.
Blockchain technology enables decentralization, with the participation of members and nodes across a distributed network. Blockchain technologies differ in some critical security aspects.
Networks are typically either public or private, depending on participation. permissioned or permissionless, or how the participants gain access to the network.
Who Should Attend
This course is designed for analysts, programmers, application developers, network engineers, hardware and software design engineers, managers, and employees with little or no blockchain security experience. The course is also useful for those who have experience with blockchain security but have never had any formal training on the standard.
What You Will Learn
- An overview of blockchain technology
- A summary of blockchain security tools and applications
- How to implement blockchain security on a platform or public/private networks
- The difference between Bitcoin and blockchain for business
- Blockchain network and application security
- Private vs. public blockchain networks
- Permissionless blockchains with no restrictions on processors
- Permissioned blockchains with limited to a select set of users who are granted identities using certificates
- Cyberattacks and fraud
- Code exploitation
- Stolen keys
- Computer hacking
- Insider hacks
- Phishing attacks
- Routing attacks
- Sybil attacks
- Enforce security controls for blockchain
- Apply conventional security controls
- Enforce business controls for blockchain
- Blockchain security for the enterprise
- Identity and access management
- Key management
- Data privacy
- Secure communication
- Smart contract security
- Governance model for participating organizations or members
- Regulatory requirements
- Disaster recovery plan for the blockchain participants
- Security posture for blockchain clients for participation
- Blockchain block collisions
- Security controls that mitigate the risks and threats
Blockchain Security Workshop