Gartner Research

Innovation Insight for Blockchain Security

Published: 25 August 2017

ID: G00340385

Analyst(s): Jonathan Care , David Mahdi

Summary

Blockchain has the potential to become a significant trust enabler. However, solutions are unclear, standards have yet to coalesce and regulation is fragmented. Security and risk management leaders must make informed technology decisions aligned with organizational risk acceptance.

Table Of Contents

Analysis

  • Definition
  • Description
    • Decentralized Consensus
    • The Blockchain (and Ancillary Blockchain Services)
    • Smart Contracts (and Smart Assets)
    • Trusted Computing and Trustless Transactions
    • Consensus Mechanisms: Proof of Work/Proof of Stake
    • Decentralized Trust Models: Permissioned, Permissionless and Consortium Approaches
  • 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 and Response Time
    • 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

©2020 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Purchase this Document

To purchase this document, you will need to register or sign in above

Become a client

Learn how to access this content as a Gartner client.