Cyber-attacks were considered one of the top five risks to global stability. As of 2019, data breaches exposed 4.1 billion records. The US had 1244 data breaches in 2018, amounting to 446.5million exposed records. In 2020, the number of data breaches in the United States accounted for 1001 cases. Over 155.8 million individuals were affected by data breaches in 2020.

Cyber-attacks in December 2021, saw 74 publicly disclosed security incidents, which accounted for 219,310,808 breached records. One of the recent instances of cyber attack that happened in December, 2021 is the massive data breach which exposed the wage and personal info of more than 637,000 residents in Albania. The massive data breach exposed sensitive information on salaries and personal information of many Albanian residents working in the private or public sector.

The leaked file was being circulated online mostly through WhatsApp Instant Messenger. Most Albanian Media Outlets came in contact with the leaked file and left the report that the file contains the full names, ID numbers, monthly salaries, positions and employer names for the month of January 2021.

Blockchain is the Future

The induction of blockchain technology has caused a revolutionary change globally. Blockchain uses Distributed Ledger Technology (DLT) to keep the transaction history of a digital asset unalterable and transparent. The decentralized structure of the Blockchain ensures trust, privacy, transparency, and more individuality control over one’s assets stored on it.

The advantages of Blockchain and its mass adoption can be accounted for by the increasing amount of data stored. According to research, over 95% of the total global data has been gathered in two years. Due to its features, more and more people continue adopting its usage and encouraging its international usability.

The distribution of the ledger mechanism of blockchain increases trust, transparency, security and traceability of data and assets across the network. Transparency and traceability makes transactions on the blockchain immutable, verifiable and tamper-resistant.

NexBloc as the Solution

The focus is shifting from centralized DNS to a new technology known as the Blockchain Domain Name System (DNS). bDNS have been built and deployed as encrypted cryptographic systems to be a viable alternative for the current centralized DNS. A centralized DNS is a directory of public domain names or IP addresses hosted on a network and uses DNS servers to resolve or lookup data.

From the data breach instances above, it is known that centralized DNS systems are vulnerable to cyber hacking and attacks. Even with a firewall installed, internet users can be exposed to multiple attacks. bDNS is built to be less vulnerable to data hacks and breaches.

NexBloc is building the next generation of the internet with blockchain DNS (bDNS) at the core and cross-chain interoperability. Blockchain digital entities tied to the decentralized web are the future of personal data protection and use. At NexBloc, the goal is to unlock the potential of the decentralized web by bringing bDomain usage to all chains and by providing the tools to create value.

Aditya Walia

Cofounder

www.nexbloc.com

[email protected]