Innovation Insight for Blockchain Security

Archived Published: 30 August 2016 ID: G00308535

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Blockchain has the potential to become a significant trust enabler in the CISO's arsenal. However, solutions are unclear, standards have yet to coalesce and regulation is far on the horizon. CISOs must make informed technology decisions that align with the organization's risk appetite and tolerance.

Table of Contents

  • Analysis
    • Definition
    • Description
      • Decentralized Consensus
      • The Blockchain (and Ancillary Blockchain Services)
      • Smart Contracts (and Smart Assets)
      • Trusted Computing and Trustless Transactions
      • Proof of Work/Proof of Stake
    • Benefits and Uses
      • Mitigating Trust and Transparency Issues
      • Managing and Ensuring the Integrity of Digital Assets
      • Increasing Fault Tolerance and Resilience
    • Risks
      • Marketing Hype and an Inconsistent Definition
      • Scalability
      • Blockchain Is Not Immune to Cyberattacks or Fraud
      • The Difficulty in Assessing Risk and Exposure Across the Range of Blockchain Offerings
    • Recommendations
    • Representative Providers
  • Gartner Recommended Reading
© 2016 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Reproduction and distribution of this publication in any form without prior written permission is forbidden. The information contained herein has been obtained from sources believed to be reliable. Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartners research may discuss legal issues related to the information technology business, Gartner does not provide legal advice or services and its research should not be construed or used as such. Gartner shall have no liability for errors, omissions or inadequacies in the information contained herein or for interpretations thereof. The opinions expressed herein are subject to change without notice.

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