Blockchain technology is an interlinked systematic chain of blocks that contains transaction history and other user data. It works under the principle of decentralized distributed digital ledger. This technology enables cryptographically secure and anonymous financial transactions among the user nodes of the network enabling the transactions to be validated and approved by all the users in a transparent environment. It is a revolutionary technology that earned its emerging popularity through the usage of digital cryptocurrencies. Even though Blockchain holds a promising scope of development in the online transaction system, it is prone to several security and vulnerability issues. In this paper, blockchain methodology, its applications, and security issues are discussed which might shed some light on blockchain enthusiasts and researchers.
Since its inception, the blockchain technology has shown promising application prospects. From the initial cryptocurrency to the current smart contract, blockchain has been applied to many fields. Although there are some studies on the security and privacy issues of blockchain, there lacks a systematic examination on the security of blockchain systems. In this paper, we conduct a systematic study on the security threats to blockchain and survey the corresponding real attacks by examining popular blockchain systems. We also review the security enhancement solutions for blockchain, which could b…
With the more and more extensive application of blockchain, blockchain security has been widely concerned by the society and deeply studied by scholars. Moreover, the security of blockchain data directly affects the security of various applications of blockchain. In this survey, we perform a comprehensive classification and summary of the security of blockchain data. First, we present classification of blockchain data attacks. Subsequently, we present the attacks and defenses of blockchain data in terms of privacy, availability, integrity and controllability. Data privacy attacks present data …
Although the blockchain-based applications are considered to be less vulnerable due to the nature of the distributed ledger, they did not become the silver bullet with respect to securing the information against different security risks. In this paper, we present a literature review on the security risks that can be mitigated by introducing the blockchain technology, and on the security risks that are identified in the blockchain-based applications. In addition, we highlight the application and technology domains where these security risks are observed. The results of this study could be seen …
Blockchain offers an innovative approach to storing information, executing transactions, performing functions, and establishing trust in an open environment. Many consider blockchain as a technology breakthrough for cryptography and cybersecurity, with use cases ranging from globally deployed cryptocurrency systems like Bitcoin, to smart contracts, smart grids over the Internet of Things, and so forth. Although blockchain has received growing interests in both academia and industry in the recent years, the security and privacy of blockchains continue to be at the center of the debate when depl…
The advent of blockchain technology by the Nakamoto group in 2008 has created a new trend on how to deal with various security issues and vulnerabilities. Blockchain systems have gained momentum in various spheres of technology deployment in business organizations. This paper presents a critical literature survey on the security strength of blockchains and security issues associated with blockchain technology deployment. Numerous studies have experimented with the various technical features of blockchain systems across various transaction domains. Findings obtained from the literature survey a…
A $(t,m)$-threshold secret sharing and multisecret-sharing scheme based on Shamir's SSS are introduced with two-level security using a one-way function. Besides we give its application in smart contract-enabled consortium blockchain network. The proposed scheme is thoroughly examined in terms of security and efficiency. Privacy, security, integrity, and scalability are also analyzed while applying it to the blockchain network.
This paper highlights the necessity to use modern blockchain technology in traditional banking sector to reduce frauds and enable high-security transactions on a permanent blockchain ledger. Reviewing different channels through which the traditional banking servers could integrate blockchain use, it is signified how a huge anti-fraud stand can be taken against bank servers allowing fraudulent transactions daily. Usage of a blockchain-based ledger is highly impactful in terms of security of a banking organization. Blockchain-based currency tokens, also referred to as Cryptocurrencies are not re…
Healthcare blockchains provide an innovative way to store healthcare information, execute healthcare transactions, and build trust for healthcare data sharing and data integration in a decentralized open healthcare network environment. Although the healthcare blockchain technology has attracted broad interests and attention in industry, government and academia, the security and privacy concerns remain the focus of debate when deploying blockchains for information sharing in the healthcare sector from business operation to research collaboration. This paper focuses on the security and privacy r…
Due to their interesting features, blockchains have become popular in recent years. They are full-stack systems where security is a critical factor for their success. The main focus of this work is to systematize knowledge about security and privacy issues of blockchains. To this end, we propose a security reference architecture based on models that demonstrate the stacked hierarchy of various threats (similar to the ISO/OSI hierarchy) as well as threat-risk assessment using ISO/IEC 15408. In contrast to the previous surveys, we focus on the categorization of security incidents based on their …
Blockchain has become a key technology in a plethora of application domains owing to its decentralized public nature. The cyber-physical systems (CPS) is one of the prominent application domains that leverage blockchain for myriad operations, where the Internet of Things (IoT) is utilized for data collection. Although some of the CPS problems can be solved by simply adopting blockchain for its secure and distributed nature, others require complex considerations for overcoming blockchain-imposed limitations while maintaining the core aspect of CPS. Even though a number of studies focus on eithe…
Blockchain was mainly introduced for secure transactions in connection with the mining of cryptocurrency Bitcoin. This article discusses the fundamental concepts of blockchain technology and its components, such as block header, transaction, smart contracts, etc. Blockchain uses the distributed databases, so this article also explains the advantages of distributed Blockchain over a centrally located database. Depending on the application, Blockchain is broadly categorized into two categories; Permissionless and Permissioned. This article elaborates on these two categories as well. Further, it …
Blockchain technology has been gaining great interest from a variety of sectors, including healthcare, supply chain and cryptocurrencies. However, Blockchain suffers from its limited ability to scale (i.e. low throughput and high latency). Several solutions have been appeared to tackle this issue. In particular, sharding proved that it is one of the most promising solutions to Blockchain scalability. Sharding can be divided into two major categories: (1) Sharding-based Proof-of-Work (PoW) Blockchain protocols, and (2) Sharding-based Proof-of-Stake (PoS) Blockchain protocols. The two categories…
There is a growing interest today in blockchain technology as a possible foundation for the future global financial ecosystem. However, in order for this future financial ecosystem to be truly global, with a high degree of interoperability and stability, a number challenges need to be addressed related to infrastructure security. One key aspect concerns the security and robustness of the systems that participate in the blockchain peer-to-peer networks. In this paper we discuss the notion of the decentralized trusted computing base as an extension of the TCB concept in trusted computing. We exp…
The emerging blockchain technology supports decentralized computing paradigm shift and is a rapidly approaching phenomenon. While blockchain is thought primarily as the basis of Bitcoin, its application has grown far beyond cryptocurrencies due to the introduction of smart contracts. Smart contracts are self-enforcing pieces of software, which reside and run over a hosting blockchain. Using blockchain-based smart contracts for secure and transparent management to govern interactions (authentication, connection, and transaction) in Internet-enabled environments, mostly IoT, is a niche area of r…
Today, permissioned blockchains are being adopted by large organizations for business critical operations. Consequently, they are subject to attacks by malicious actors. Researchers have discovered and enumerated a number of attacks that could threaten availability, integrity and confidentiality of blockchain data. However, currently it remains difficult to detect these attacks. We argue that security experts need appropriate visualizations to assist them in detecting attacks on blockchain networks. To achieve this, we develop HyperSec, a visual analytics monitoring tool that provides relevant…
Vehicular networks promise features such as traffic management, route scheduling, data exchange, entertainment, and much more. With any large-scale technological integration comes the challenge of providing security. Blockchain technology has been a popular choice of many studies for making the vehicular network more secure. Its characteristics meet some of the essential security requirements such as decentralization, transparency, tamper-proof nature, and public audit. This study catalogues some of the notable efforts in this direction over the last few years. We analyze around 75 blockchain-…
Blockchain technology has taken on a leading role in today's industrial applications by providing salient features and showing significant performance since its beginning. Blockchain began its journey from the concept of cryptocurrency and is now part of a range of core applications to achieve resilience and automation between various tasks. With the integration of Blockchain technology into different industrial applications, many application designs, security and privacy challenges present themselves, posing serious threats to users and their data. Although several approaches have been propos…
In democratic countries such as India, voting is a fundamental right given to citizens of their countries. Citizens need to physically present and cast their vote in ballot-paper-based voting systems. Most of the citizens fail to fulfill this constraint and have stayed away from their fundamental duty. Electronic-voting systems are often considered one efficient alternative in such situations. Blockchain Technology is an emerging technology that can provide a real solution as it is characterized by immutable, transparent, anonymous, and decentralized properties. This paper presents a security …
A good amount of effort has been dedicated to surveying and systematizing Ethereum smart contract security bug classes. There is, however, a gap in literature when it comes to surveying implementation-level security bugs that commonly occur in basic PoW blockchain node implementations, discovered during the first decade of Bitcoin's existence. This paper attempts to fill this void. In particular, if software which participates in a network by validating and generating new blocks is developed from scratch, WCGW - What Could Go Wrong? Ten broad bug type categories are listed and for each categor…
The BIX protocol is a blockchain-based protocol that allows distribution of certificates linking a subject with his public key, hence providing a service similar to that of a PKI but without the need of a CA. In this paper we analyze the security of the BIX protocol in a formal way, in four steps. First, we identify formal security assumptions which are well-suited to this protocol. Second, we present some attack scenarios against the BIX protocol. Third, we provide a formal security proof that some of these attacks are not feasible under our previously established assumptions. Finally, we sho…
With the recent advances of IoT (Internet of Things) new and more robust security frameworks are needed to detect and mitigate new forms of cyber-attacks, which exploit complex and heterogeneity IoT networks, as well as, the existence of many vulnerabilities in IoT devices. With the rise of blockchain technologies service providers pay considerable attention to better understand and adopt blockchain technologies in order to have better secure and trusted systems for own organisations and their customers. The present paper introduces a high level guide for the senior officials and decision make…
In recent years, the advancement in modern technologies has experienced an explosion of huge data sets being captured and recorded in different fields, but also given rise to concerns the security and protection of data storage, transmission, processing, and access to data. The blockchain is a distributed ledger that records transactions in a secure, flexible, verifiable and permanent way. Transactions in a blockchain can be an exchange of an asset, the execution of the terms of a smart contract, or an update to a record. In this paper, we have developed a blockchain access control ecosystem t…
Blockchain, the technology behind the popular Bitcoin, is considered a "security by design" system as it is meant to create security among a group of distrustful parties yet without a central trusted authority. The security of blockchain relies on the premise of honest-majority, namely, the blockchain system is assumed to be secure as long as the majority of consensus voting power is honest. And in the case of proof-of-work (PoW) blockchain, adversaries cannot control more than 50% of the network's gross computing power. However, this 50% threshold is based on the analysis of computing power o…
The Internet of Things (IoT) has already changed our daily lives by integrating smart devices together towards delivering high quality services to its clients. These devices when integrated together form a network through which massive amount of data can be produced, transferred, and shared. A critical concern is the security and integrity of such a complex platform to ensure the sustainability and reliability of these IoT-based systems. Blockchain is an emerging technology that has demonstrated its unique features and capabilities for different problems and application domains including IoT-b…
This applied research paper introduces a novel framework for integrating hardware security and blockchain functionality with grid-edge devices to establish a distributed cyber-security mechanism that verifies the provenance of messages to and from the devices. Expanding the idea of Two Factor Authentication and Hardware Root of Trust, this work describes the development of a Cryptographic Trust Center(TM) (CTC(TM)) chip integrated into grid-edge devices to create uniform cryptographic key management. Product managers, energy system designers, and security architects can utilize this modular fr…
Cryptocurrency is a novel exploration of a form of currency that proposes a decentralized electronic payment scheme based on blockchain technology and cryptographic theory. While cryptocurrency has the security characteristics of being distributed and tamper-proof, increasing market demand has led to a rise in malicious transactions and attacks, thereby exposing cryptocurrency to vulnerabilities, privacy issues, and security threats. Particularly concerning are the emerging types of attacks and threats, which have made securing cryptocurrency increasingly urgent. Therefore, this paper classifi…
In the last years, identity management solutions on blockchain were proposed as a possible solution to the digital identity management problem. However, they are still at an early stage and further research needs to be done to conclude whether identity systems could benefit from the use of blockchain or not. Motivated by this, we investigate identity management solutions on blockchain intending to give the reader an overview of the current status and provide a better understanding of the pros and cons of using such solutions. We conduct an analysis on ten of the most known implementations, wit…
Interconnected smart vehicles offer a range of sophisticated services that benefit the vehicle owners, transport authorities, car manufacturers and other service providers. This potentially exposes smart vehicles to a range of security and privacy threats such as location tracking or remote hijacking of the vehicle. In this article, we argue that BlockChain (BC), a disruptive technology that has found many applications from cryptocurrencies to smart contracts, is a potential solution to these challenges. We propose a BC-based architecture to protect the privacy of the users and to increase the…
Blockchain technology has become almost as famous for incidents involving security breaches as for its innovative potential. We shed light on the prevalence and nature of these incidents through a database structured using the STIX format. Apart from OPSEC-related incidents, we find that the nature of many incidents is specific to blockchain technology. Two categories stand out: smart contracts, and techno-economic protocol incentives. For smart contracts, we propose to use recent advances in software testing to find flaws before deployment. For protocols, we propose the PRESTO framework that …
The advancement in the healthcare sector is entering into a new era in the form of Health 4.0. The integration of innovative technologies like Cyber-Physical Systems (CPS), Big Data, Cloud Computing, Machine Learning, and Blockchain with Healthcare services has led to improved performance and efficiency through data-based learning and interconnection of systems. On the other hand, it has also increased complexities and has brought its own share of vulnerabilities due to the heavy influx, sharing, and storage of healthcare data. The protection of the same from cyber-attacks along with privacy p…
The concept of Industry 4.0 is a newly emerging focus of research throughout the world. However, it has lots of challenges to control data, and it can be addressed with various technologies like Internet of Things (IoT), Big Data, Artificial Intelligence (AI), Software Defined Networking (SDN), and Blockchain (BC) for managing data securely. Further, the complexity of sensors, appliances, sensor networks connecting to the internet and the model of Industry 4.0 has created the challenge of designing systems, infrastructure and smart applications capable of continuously analyzing the data produc…
The blockchain has found numerous applications in many areas with the expectation to significantly enhance their security. The Internet of things (IoT) constitutes a prominent application domain of blockchain, with a number of architectures having been proposed for improving not only security but also properties like transparency and auditability. However, many blockchain solutions suffer from inherent constraints associated with the consensus protocol used. These constraints are mostly inherited by the permissionless setting, e.g. computational power in proof-of-work, and become serious obsta…
The modern society, economy and industry have been changed remarkably by many cutting-edge technologies over the last years, and many more are in development and early implementation that will in turn led even wider spread of adoptions and greater alteration. Blockchain technology along with other rising ones is expected to transform virtually every aspect of global business and individuals' lifestyle in some areas. It has been spreading with multi-sector applications from financial services to healthcare, supply chain, and cybersecurity emerging every passing day. Simultaneously, in the digit…
Bluetooth is a communication technology used to wirelessly exchange data between devices. In the last few years there have been found a great number of security vulnerabilities, and adversaries are taking advantage of them causing harm and significant loss. Numerous system security updates have been approved and installed in order to sort out security holes and bugs, and prevent attacks that could expose personal or other valuable information. But those updates are not sufficient and appropriate and new bugs keep showing up. In Bluetooth technology, pairing is identified as the step where most…
The Tangle-based structure becomes one of the most promising solutions when designing DAG-based blockchain systems. The approach improves the scalability by directly confirming multiple transactions in parallel instead of single blocks in linear. However, the performance gain may bring potential security risks. In this paper, we construct three types of attacks with comprehensive evaluations, namely parasite attack (PS), double spending attack (DS), and hybrid attack (HB). To achieve that, we deconstruct the Tangle-based projects (e.g. IOTA) and abstract the main components to rebuild a simple…
This article surveys blockchain-based approaches for several security services. These services include authentication, confidentiality, privacy, and access control list (ACL), data and resource provenance, and integrity assurance. All these services are critical for the current distributed applications, especially due to the large amount of data being processed over the networks and the use of cloud computing. Authentication ensures that the user is who he/she claims to be. Confidentiality guarantees that data cannot be read by unauthorized users. Privacy provides the users the ability to cont…
Blockchain gaming is an emerging entertainment paradigm. However, blockchain games are still suffering from security issues, due to the immature blockchain technologies and its unsophisticated developers. In this work, we analyzed the blockchain game architecture and reveal the possible penetration methods of cracking. We scanned more than 600 commercial blockchain games to summarize a security overview from the perspective of the web server and smart contract, respectively. We also conducted three case studies for blockchain games to show detailed vulnerability detection.
Blockchain (BC) and Software Defined Networking (SDN) are some of the most prominent emerging technologies in recent research. These technologies provide security, integrity, as well as confidentiality in their respective applications. Cloud computing has also been a popular comprehensive technology for several years. Confidential information is often shared with the cloud infrastructure to give customers access to remote resources, such as computation and storage operations. However, cloud computing also presents substantial security threats, issues, and challenges. Therefore, to overcome the…
Security analyses for consensus protocols in blockchain research have primarily focused on the synchronous model, where point-to-point communication delays are upper bounded by a known finite constant. These models are unrealistic in noisy settings, where messages may be lost (i.e. incur infinite delay). In this work, we study the impact of message losses on the security of the proof-of-work longest-chain protocol. We introduce a new communication model to capture the impact of message loss called the $0-\infty$ model, and derive a region of tolerable adversarial power under which the consensu…
A cryptocurrency is a decentralized digital currency that is designed for secure and private asset transfer and storage. As a currency, it should be difficult to counterfeit and double-spend. In this paper, we review and analyze the major security and privacy issues of Bitcoin. In particular, we focus on its underlying foundation, blockchain technology. First, we present a comprehensive background of Bitcoin and the preliminary on security. Second, the major security threats and countermeasures of Bitcoin are investigated. We analyze the risk of double-spending attacks, evaluate the probabilit…
We consider the problem of varying the security of blockchain transactions according to their importance. This adaptive security is achieved by using variable size consensus committees. To improve performance, such committees function concurrently. We present two algorithms that allow adaptive security by forming concurrent variable size consensus committees on demand. One is based on a single joint blockchain, the other is based on separate sharded blockchains. For in-committee consensus, our algorithms may use various available byzantine-robust fault tolerant algorithms (BFT). We implement s…
There has been an intense concern for security alternatives because of the recent rise of cyber attacks, mainly targeting critical systems such as industry, medical, or energy ecosystem. Though the latest industry infrastructures largely depend on AI-driven maintenance, the prediction based on corrupted data undoubtedly results in loss of life and capital. Admittedly, an inadequate data-protection mechanism can readily challenge the security and reliability of the network. The shortcomings of the conventional cloud or trusted certificate-driven techniques have motivated us to exhibit a unique …
In this article, the authors provide a comprehensive overview on three core pillars of metaverse-as-a-service (MaaS) platforms; privacy and security, edge computing, and blockchain technology. The article starts by investigating security aspects for the wireless access to the metaverse. Then it goes through the privacy and security issues inside the metaverse from data-centric, learning-centric, and human-centric points-of-view. The authors address private and secure mechanisms for privatizing sensitive data attributes and securing machine learning algorithms running in a distributed manner wi…
Since its inception as a solution for secure cryptocurrencies sharing in 2008, the blockchain technology has now become one of the core technologies for secure data sharing and storage over trustless and decentralised peer-to-peer systems. E-government is amongst the systems that stores sensitive information about citizens, businesses and other affiliates, and therefore becomes the target of cyber attackers. The existing e-government systems are centralised and thus subject to single point of failure. This paper proposes a secure and decentralised e-government system based on the consortium bl…
Security and privacy in Direct Load Control (DLC) is a fundamental challenge in smart grids. In this paper, we propose a blockchain-based framework to increase security and privacy of DLC. We propose a method whereby participating nodes share their data with the distribution company in an anonymous and secure manner. To reduce the associated overhead for data dissemination, we propose a hash-based transaction generation method. We also outline the DLC process for managing the load in consumer site. Qualitative analysis demonstrates the security and privacy of the proposed method.
