A Comprehensive Guide to Blockchain Technology and Its Role in Enhancing Cyber Security and Combating Social Engineering

Abstract

This book chapter will provide an in-depth exploration of blockchain technology, covering its history, fundamental principles and practical applications. The chapter begins with an introduction to the decentralized nature of blockchain, explaining how it works to provide security, immutability and transparency in a trustless environment. It also examines various types of blockchain including public, private and permissioned and explores the advantages and limitations of each. This chapter looks at the future of blockchain technology discussing emerging trends and potential developments in the field. It highlights ongoing research and development efforts aimed at improving the functionality and security of blockchain, as well as exploring new use cases and business models. Overall, this book chapter will provide a comprehensive introduction to blockchain technology, offering insights into its workings, practical applications and potential impact on various industries.