The current model for business networking is far from perfect. All connectionless networks require network-unique addresses, and in all known networks, the uniqueness is enforced by some centralized entity. The problem is, centralized entities are highly inefficient. They are dictatorial, compromised, and usually slow.
Having one central point where all info flows in and out makes the process of initializing and verifying transactions unnecessarily tedious and expensive.
Early patrons of the internet hailed Ethernet technology as the wave of the future as far as networking is concerned but this idea has come under scrutiny because ethernet simply does not have any inherent security built into it.
Added to this is the fact that, whoever controls this central point has full control over network data and users. Even disrupter industries and businesses have centralized control structures making them susceptible to long processing times and hacking or theft.
In an age of constant cybersecurity compromises and liability, maintaining an accurate and secure record of an organizations tech assets and their configurations becomes a critical part of the risk management and mitigation strategy.
Is it possible to build an administrator-free, purely distributed mechanism for address allocation based on Blockchain? And if so, can it help to improve upon ethernet networking?
The answer is yes, as Mainston has done just that.
The Mainston Blockchain concept allows information to move around freely and safely.
This is achieved by shifting network and packet management over to a smart contract, decentralized chain-based system. Smart contracts are trackable, verifiable transactions.
The Mainston smart contract is based on…and backed by the ethereum cryptocurrency.
Mainston realizes that the real power lies in the ability to create a common network where each connection point securely peers with every other point, regardless of cloud provider or container instance.
In this way, all the people using the blockchain keep the ledger up to date—providing a perfect, unalterable record of the entire history of a device.
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Strangely, all blockchain development projects, (1,900 in a $200 billion blockchain ecosystem) are being run on this same insecure ethernet.
Can blockchain help manage firewall rules for IT solutions?
Because blockchain can create a synchronized and distributed source of truth, it has the potential to be an innovative solution for managing the full lifecycle of firewall rules, automatically tracking configuration changes in an audit-friendly, transparent and trusted manner.
Using blockchains inbound transaction processing capability to capture approved changes allows an IT organization to create both an audit trail and real-time updates to CMDB.
The advantage for blockchain in networking is that it can build complete info of each devices history which is available on the network.
As a new layer on top of the internet, blockchain could help ease the overhead of managing and tracking large networks of devices without the need for a centralized controller.
Network management could be further simplified using self executing smart contracts.
Blockchain makes a distributed and cooperative cloud storage environment over a peer-to-peer network possible which would offer more resiliency and higher speeds at a lower cost.
No one owns or controls your data but you.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.