Blockchain security solutions are designed to protect information stored on a specific blockchain and can be applied to a wide range of data storage systems. These tools operate by analyzing a blockchain ecosystem, evaluating risks, and detecting threats to information, applications, and digital assets.
These security solutions are typically used to detect fraudulent transactions and identify threats to a blockchain, as well as protecting smart contracts and tokenized assets. Companies also use these tools to ensure data is protected from various risks and stored in compliance with data protection and/or privacy guidelines.
Blockchain security tools differ from blockchain analysis solutions in that they facilitate the actual protection of data; blockchain analysis software supports more in-depth investigation to individual ledgers, identities, and transactions. Blockchain security software may have similar features to other security solutions that may not be designed specifically for securing a blockchain.
To qualify for inclusion in the Blockchain Security category, a product must:
Be built upon on a blockchain-based platform or distributed ledger technology (DLT) system
Enforce identity and authentication verification prior to writing to a permissioned blockchain (versus a public, permissionless blockchain), to ensure the integrity of the blockchain
Monitor and detect threats to a blockchain ecosystem
Protect smart contracts and tokenized assets