Keep your data chained. Blockchain keeps it safe!

Maciej Zieliński

18 Dec 2019
Keep your data chained. Blockchain keeps it safe!

Julia Wolińska

The top corporations agree about our predictions concerning the future. Every year we hear more and more promises about the Internet of Things, which is going to make us forget about all our issues... even if we did not know about their existence!

After leaving the work you are going to get into your car, which is going to bring you right to the address of your home. With only a single touch you can turn on the lights and check if the current contents of your fridge can satisfy your cravings. Just remember not to drink your coffee – your health monitoring app will make sure that you don’t succumb to unhealthy habits and it already knows your blood pressure should not be too high! It is just hard to believe that the internet alone can make your life so much more convenient

However, the moment you lay down on your comfy sofa, something else happens. During the synchronisation of data from your virtual debit card and your navigation app, you are not the only one gaining the info from them. Your actions are actively being watched by hackers. They are making sure that they know your address and the time you are leaving your house.

While it can really sound like a vision from some science fiction thriller, it’s entirely possible that the incoming technological revolution will lead to such circumstances. The question appears; would we surrender our privacy for an access to incredible convenience?

You could, however, also protecting your data. Then you would not have to expose yourself to potential data theft and use all of the miracles of technology without a single worry. How, you my ask? The answer lies in the block of chains.

Vulnerable data and its risks

Take a moment to consider how does the information flow within your family and friend groups. Well, naturally, it is usually done by verbal exchanges which usually letyou know about their customs, preferences and habits. During conversations, you and your friends gather data about each other, you learn about the music you listen to, what do you want to eat for dinner or if you are allergic to peanuts.

As it turns out, the domestic appliance or even car manufacturers wish to initiate the same dialogue with you - they want to get to know you as well as your friends and family do through the power of internet. They are aiming to adapt their appliances to improve your experience with them and they want to do that by gathering the necessary data about your everyday life.

However, the problem arises the moment we are talking about the vulnerable data. It is for example your address, information about your bank accounts or investments, your workplace or data about your customers, details about your health. This is the data that should not ever be revealed to any unwanted third parties but are often unfortunately under the attack from hackers.

It turns out that if your everyday use devices are connected to the internet, it is possible to hack not only your computer or your laptop but also your domestic appliances and car.

IoT nie jest bezpieczny bez blockchaina - ochrona danych

More often do the voices appear that the internet in its modern form is not a good foundation for the absolutely humongous network of the internet of things. That is why the research has begun to find a safer, more anonymous medium which would not be as vulnerable towards the attacks. The experts believe that no other technology than the one offered by the blockchain would suffice to pull this task off.

Blockchain - the way to keep the IoT safe

Blockchain was made viral during the time of the cryptocurrency boom in 2016. However, there is still a lot of people who find the concept quite enigmatic. It is often wrongly associated with the phenomenon of Bitcoins. After all, the usability of the blockchain goes far beyond the financial sector. We can briefly say that it is a kind of technology which is used to gather the data about our transactions on the internet safely and anonymously.

Blockchain is a database which is formed by the chain of the blocks connected to it, which it derives its name from. Each and every individual block is connected to next one. What’s important is that all the gathered and saved information are not stored onone server or on one device – they are scattered and encrypted and their anonymouscopies are held inside of multiple locations. Thanks to this method the risk of hacking or stealing such data is equal to zero.

The public registry can be presented as a giant piece of paper which holds every single data concerning your address, financial data or even health which was copied and sent to multiple locations around the world. Those pieces of paper are interconnected in a cryptographic way. They are constantly compared and “prescribed” on new datasheets. That means that the mathematic properties can assure that they cannot be removed, replaced or completely altered.

The mechanism does not only help us fight against the scams, but also allows us to learn about the external conditions such as the weather, which can be also verified by the use of the modern systems.

Chained data- how to keep it safe

According to the most recent report „IoT in Poland”, 47% of Poles are afraid that theirdata can be leaked and 33% of them are afraid of losing the control over their devices connected to the web. Will those anxieties be fixed by the blockchain? Perhaps this might be the foundation for the new network to which most of the modern devices will be connected to with the usage of IoT. Its almost impossible to hack the block of chains because of its complexity, while hacking the home WiFi only requires a moderate IT knowledge.

Currently, if we forget to turn off the sink, the only risk we create is potentially floodingour neighbours’ flat. However, if we forget about the safe usage of IoT devices, we are can potentially face much greater consequences like the risk of hacking the entirenetwork they are connected to. Without the blockchain we will be potentially risking not only the safety of our data, but also the data belonging to our clients. When will the ideal, safe and practical future unfold? No one can truly tell, but we must remain vigilant and teach the companies to slowly but steadily implement the blockchain technology.

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Nextrope Partners with Hacken to Enhance Blockchain Security

Miłosz

21 Nov 2024
Nextrope Partners with Hacken to Enhance Blockchain Security

Nextrope announces a strategic partnership with Hacken, a renowned blockchain security auditor. It marks a significant step in delivering reliable decentralized solutions. After several successful collaborations resulting in flawless smart contract audits, the alliance solidifies the synergy between Nextrope's innovative blockchain development and Hacken's top-tier security auditing services. Together, we aim to set new benchmarks, ensuring that security is an integral part of blockchain technology.

Strengthening Blockchain Security

The partnership aims to fortify the security protocols within blockchain ecosystems. By integrating Hacken's comprehensive security audits with Nextrope's cutting-edge blockchain solutions, we are poised to offer unparalleled security features in our projects.

"Blockchain security should never be an afterthought"

"Our partnership with Hacken underscores our dedication to embedding security at the core of our blockchain solutions. Together, we're building a safer future for the industry."

said Mateusz Mach, CEO of Nextrope

About Nextrope

Nextrope is a forward-thinking blockchain development house specializing in creating innovative solutions for businesses worldwide. With a team of experienced developers and blockchain experts, Nextrope delivers high-quality, scalable, and secure blockchain applications tailored to meet the unique needs of each client.

About Hacken

Hacken is a leading blockchain security auditor known for its rigorous smart contract audits and security assessments. With a mission to make the industry safer, Hacken provides complex security services that help companies identify and mitigate vulnerabilities in their applications.

Looking Ahead

As a joint mission, both Nextrope and Hacken are committed to continuous innovation. We look forward to the exciting opportunities this partnership will bring and are eager to implement a more secure blockchain environment for all.

For more information, please contact:

Nextrope

Hacken

Join us on our journey to deliver top-notch blockchain tech and a safer future for the industry!

Nextrope as Sponsor at ETH Warsaw 2024: Highlights

Miłosz

04 Oct 2024
Nextrope as Sponsor at ETH Warsaw 2024: Highlights

ETH Warsaw has established itself as a significant event in the Web3 space, gathering developers, entrepreneurs, and investors in the heart of Poland’s capital each year. The 2024 edition was filled with builders and leaders united in advancing decentralized technologies.

Leading Event of Warsaw Blockchain Week

As a blend of conference and hackathon, ETH Warsaw aims to push the boundaries of innovation. For companies and individuals eager to shape the future of tech, the premier summit during Warsaw Blockchain Week offers a unique platform to connect and collaborate.

Major Milestones in Previous Editions

  • Over 1,000 participants attended the forum
  • 222 hackers competed, showcasing groundbreaking technical skills
  • $119,920 in bounties was awarded to boost promising solution development

Key Themes at ETH Warsaw 2024

This year’s discussions were centered around shaping the adoption of blockchain. To emphasize that future implementation requires a wide range of voices, perspectives, and understanding, ETH Warsaw 2024 encouraged participation from individuals of all backgrounds. As the industry stands on the cusp of a potential bull market, building resilient products brings substantial impact. Participants mutually raised an inhibitor posed by poor architecture or suspicious practices.

Infrastructure and Scalability

  • Layer 2 (L2) solutions
  • Zero-Knowledge Proofs (ZKPs)
  • Future of Account Abstraction in Decentralized Applications (DApps)
  • Advancements in Blockchain Interoperability
  • Integration of Artificial Intelligence (AI) and Machine Learning Models (MLMs) with on-chain data

Responsibility

With the premise of robust blockchain systems, we delved into topics such as privacy, advanced security protocols, and white-hacking as essential tools for maintaining trust. Discussions also included consensus mechanisms and their role in the entire infrastructure, beginning with transparent Decentralized Autonomous Organizations (DAOs).

Legal Policies

The track on financial freedom led to the transformative potential of decentralized finance (DeFi). We tackled the challenges and opportunities of blockchain products within a rapidly evolving regulatory landscape.

Mass Adoption

Conversations surrounding accessible platforms underscored the need to simplify onboarding for new users, ultimately crafting solutions that appeal to mainstream audiences. Contributors explored ways to improve user experience (UX), enhance community management, and support Web3 startups.

ETH Legal, co-organized with PKO BP and several leading law firms, studied the implementation of the MiCA guidelines starting next year and affecting the market. It aimed to dissect the complex policies that govern digital assets.

Currently, founders navigate a patchwork of regulations that vary by jurisdiction. There is a clear need for structured protocols that ensure consumer protection and market integrity while attracting more users. Legal experts broke down the implications of existing and anticipated changes on decentralized finance (DeFi), non-fungible tokens (NFTs), business logic, and other emerging technologies.

The importance of ETH Legal extended beyond theoretical discussions. It served as a vital forum for stakeholders to connect and share insights. Thanks to input from renowned experts in the field, attendees left with a deeper understanding of the challenges ahead.

Warsaw Blockchain Week: Nextrope’s Engagement

The Warsaw Blockchain Week 2024 ensured a wide range of activities, with a packed schedule of conferences, hackathons, and networking opportunities. Nextrope actively engaged in several side events throughout the week and recognized the immense potential to foster connections.

Side Events Attended by Nextrope

  • Elympics on TON
  • Aleph Zero Opening Party
  • Cookie3 x NOKS x TON Syndicate
  • Solana House

Nextrope’s Contribution to ETH Warsaw 2024

At ETH Warsaw 2024, Nextrope proudly positioned itself as a Pond Sponsor of the conference and hackathon, reflecting the event's mission. Following a strong track record of partnerships with large financial institutions and startups, we seized the opportunity to share our reflections with the community.

Together, we continue to innovate toward a more decentralized and inclusive future. By actively participating in open conversations about regulatory and technological advancements, Nextrope solidifies its role as an exemplar of dedication, forward-thinking, and technological resources.