Blockchain Technology in Cybersecurity Management

Blockchain is a decentralised ledger used to secure digital currency, perform deals and transactions. A new transaction is validated when each member of network has access to the latest copy of the encrypted ledger. The features of blockchain are immutability, trackability, trustworthiness and decentralisation. This paper explores the concept, characteristics, and the need for blockchain in cybersecurity management. Blockchain is based on cryptography to ensure trust in transactions. Blockchain technologies made a remarkable contribution in Cybersecurity.