The US House of Representatives has given the green light to the Blockchain technology, advocating that the new-era innovation be implemented as a “national policy for technology to promote consumers’ access to financial tools and online commerce to promote economic growth and consumer empowerment.”
While the year 2017 more or less stabilized new technologies, the coming year could see a significant incline. Emerging technologies that could have a long-term impact include Blockchain, Artificial Intelligence, Big Data Analytics, and Cloud Computing.
Cryptocurrency is yet to be recognized in most parts of the world. Yet, all major Cryptocurrencies have recorded substantial gains in the 10 to 20 percent range. However, this has come at a price. Crypto exchanges are the weakest link when it comes to Cryptocurrencies and are increasingly becoming targets for hackers. You should never store your Bitcoins on an exchange, since hackers have gone all out to target Crptocurrency exchanges. Also, there has been an equal spate in cyber-attacks.
The increasing security threat surface is a major challenge for businesses, particularly those functioning in the BFSI sector. There has been a lot of news of frauds as well as hacking from this sector, which is giving Chief Information Security Officers sleepless nights. Digital deployments bring with them increased vulnerabilities. The attack surface has increased because of the extensions within enterprise. Frequency and sophistication of cyber threats are continuously growing. In the evolving threat landscape, digital transformation technologies such as Artificial Intelligence and Machine Learning hold a great deal of hope.