Data Gumbo Blog Mitigating Cyber Attacks with Smart Contracts on Distributed Ledgers

Any business system that utilizes smart contracts on a distributed ledger, be it for billing, provenance, real-time financial insights or even environmental, social, and governance (ESG) monitoring, has the capability to mitigate risk and help protect critical infrastructures exposed to cyber threats, making distributed ledger technology an integral component to facilitate business continuity and speed recovery after any disaster. Unfortunately, cyber-attacks are becoming more frequent, as a result, specific technologies and recovery plans will become more of a critical focus in the conversation to protect global businesses. Smart contracts on distributed ledgers stand to play a strong role in the preservation of critical infrastructures, attacks on which may present challenges to national security.