Blockchain Technology can Prevent Twitter & Social Media Platform Hacking Incidents July 20, 2020 July 20, 2020
Almost a year back, personal details of around half a million Facebook accounts were leaked online, proving Murphy’s law “Anything that can go wrong will go wrong.” It seems other social media platforms and related services may go through the same issue.
The latest Twitter hacking incident validates our argument. For those who are unaware, Twitter accounts of prominent personalities, including that of Elon Musk, Bill Gates, Jeff Bezos, Kanye West, Kim Kardashian, Mike Bloomberg, Joe Biden, Barack Obama, among others, were hacked to promote a fake Bitcoin (BTC) giveaway offer.
Joe Tidy, a cybersecurity commentator at BBC, stated “The fact that so many different users have been compromised at the same time implies that this is a problem with Twitter’s platform itself.”
Tidy further stated that all data pertaining to none of the accounts is safe. Hackers simply choose to take control of popular accounts as it is easy to promote scams.
Even if Twitter fortifies its network with better cybersecurity systems, it would only increase overall expenses and make it more complicated. Still, there is no 100% guarantee of protection from hackers. The prevailing model of centralized services can never offer a secure solution for user authentication.
There are some technical jargons which users should be aware of. It will help in safeguarding online business or personal info. While dealing with any entity, a user should make sure that the below mentioned protections are offered:
Decentralized identifier (DIDs) is a infrastructure created by W3C to facilitate the creation and handling of personal identifiers in a decentralized manner.
To put it in simpler terms, online service developers will not have any need to build something fresh in order to benefit from blockchain technologies. These standardized process and covenants can be used straightaway.
Selective disclosure protocol (SDP), first demonstrated at the EOS Hackathon last year by Vareger co-founder Mykhailo Tiutin and his group, is a decentralize way of storing personal info (utilizing DIDs) with crypto safety on blockchain. With SDP, the user can reveal cautiously chosen bits of data in any unique transaction.
Self-sovereign identity (SSI) facilitates users to have total control over their personal info and identity, without involvement of any intermediates. Therefore, it allows users to save personal data on their own gadgets and not on Twitter or any other social media platform’s server.
SSI is beneficial for the simple reason that it is quite possible to hack a centralized platform that stores millions of accounts, but quite difficult to hack millions of gadgets.
To make things clear, let us discuss a hypothetical scenario.
Alice creates cryptography aided private and public key. While the private key encrypts dealings through a digital…