IBM, the American multinational technology giant has two new patent applications. These IBM blockchain patents address network security and database management, respectively.
Blockchain has attained fame due to highly popular cryptocurrencies Bitcoin and Ethereum, however, it can offer more. The key promises of blockchain are decentralization, security, and immutable record.
These promises make the technology potent in many use cases. Supply chain, finance, insurance, data provenance, energy trading are just a few examples of such use cases.
IBM is clearly pushing the envelope, though! United States Patent and Trademark Office (USPTO) has recently published applications for two new IBM blockchain patents concerning two new use cases.
Network security management is increasingly complex. Experts note the following:
- Threats from 3rd party networks and IoT devices are increasing.
- Hackers are using more sophisticated tools.
- Networks are becoming more complex, therefore, their vulnerability is increasing.
Database management is another area with increasing complexity. Experts have observed the following challenges:
- Lack of scalability;
- Cybersecurity issues;
- Back-up processes lack maturity;
- Integration requirements are high in complex environments.
Blockchain, with its’ decentralized security, distributed ledger, tamper-proof records, transparency, and smart contracts can bring a paradigm shift in both network security and database management. That’s where IBM has stepped in.
Promising new IBM blockchain patents
IBM proposes the following in its patent application for network security management:
- A network security management system using blockchain will have different security levels.
- Open access to network event logs will be possible with a low-security model.
- On the other hand, hardware and software configurations will restrict access to event logs in case of a high-security model.
- Hackers can’t compromise a network without first accessing the event log. They can’t pinpoint weak points.
- The solution will use blockchain to make the security model classification tamper-proof.
How does IBM plan to use blockchain improve database management?
Currently, database management systems separate the storage of data from accessing or using it. Databases use a high degree of computing resources due to this. Blockchain already features redundancy in data storage and a high extent of computing power. IBM plans to use these very features to improve database management.
IBM’s blockchain push
Among technology giants, IBM continues to push blockchain innovations. It’s not about patents alone. The company has a supply chain solution to improve the “Bill of Lading” (BoL) process.
IBM has partnered with Maersk to cut down shipping time using blockchain. They are also using blockchain to assure jewellery-buyers about the origin of the precious gems the consumers buy. Their proactive stance on blockchain will likely help the growth of the technology.