Can Blockchain Tech Block Cyber Crimes?

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This is part one of a 6-article series on blockchain technology potential to reduce cyber crimes.

Part I – The Problem

Many experts are saying that Cyber Crime is the greatest threat to modern civilization.  Cyber Crime does not discriminate. It’s affecting you, your family, your job, your community, your country.  If you have a device with a power button, you’re affected, and your device is infected.

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What Is The Definition Of Cyber Crime?

Here is one definition from Techopedia:

Cybercrime is defined as a crime in which a computer is the object of the crime (hacking, phishing, spamming) or is used as a tool to commit an offense (child pornography, hate crimes).

Cybercriminals may use computer technology to access personal information, business trade secrets or use the internet for exploitative or malicious purposes. Criminals can also use computers for communication and document or data storage. Criminals who perform these illegal activities are known as hackers”.

What Is The Definition Of Cyber Security?

“Cyber security or information technology security are the techniques of protecting computers, networks, programs and data from unauthorized access or attacks that are aimed for exploitation… Network security includes activities to protect the usability, reliability, integrity and safety of the network.”

What’s Our National Grade With Cyber Security In Stopping Cyber Crime? Grade:  F

According to the FTC by the end of 2013 we had 250,000 complaints of ID Theft reported.  By the end of 2018 these numbers increased 6000+% to over 16 million!  And 2019 is getting worse…FAST!  What can you do about it?  Go to: smartcommunitytech.com to learn more.

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A Concerning Statistics:

In August 2016, Cybersecurity Ventures predicted that cybercrime will cost the world $6 Trillion (with a T) annually by the year 2021!  Yes, per year.  This is up from $3 Trillion in 2015.

“Hello Houston!  We have a problem”…(but this one is on Earth!)

  • In 2018 Cisco blocked 7 Trillion threats.
  • This is 20 Billion per day which is over 116,000 per second!
  • That’s a fast-growing crime and beyond most human minds to comprehend.

Furthermore, that’s the point. Cybercrime is growing so fast it’s beyond human understanding, it’s simply beyond human intelligence.  In addition, it is now taking artificial intelligence (robots) and blockchain technology just to solve these threats.

Why Should This Matter To You?  Pay Attention, My Fellow American.

  • What if our aging U.S. Congress continues to ignore security threats?
  • What if the divisive attitude between Democrats and Republicans puts you at cyber risk?
  • What if the new World War threat is not nuclear missiles…it’s a few clicks of a mouse?
  • What if political agendas and profits were more important than protecting your data?
  • Do you think the enemies of the U.S. and free world know what matters to you?
  • What if your privacy mattered to you?

Steve is the CEO/Founder of Smart Community Technologies (SCT), an innovative mobile technologies and blockchain technology development firm. SCT specializes in cyber security, protection of data, and security awareness training for companies and municipalities.

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