4 blockchain security lessons from Euroclear's CISO

Euroclear is taking a security in-depth approach with its blockchain project. CISO Vincent Laurens shares his experience and offers advice for others looking to get started with blockchain.

If you believe the hype, blockchain will solve most of the world’s problems, from coffee growing and logistics to shipping, medicine delivery and voting. It’s also seen as a tool to improve security, maybe even kill the password. Analysts don’t expect blockchain hype to abate anytime soon: IDC predicts growth in blockchain spending across Europe will rise from $800 million in 2019 to $4.9 billion in 2023.

Despite headlines about major companies launching blockchain-based projects and pilots, the reality is that success stories of blockchain projects in production are less common. Just 24% of enterprises globally say they have blockchain-based technologies in production, according to Deloitte’s 2019 global blockchain survey. Another notorious study found a zero-percent success rate among the projects it tried to study.

This means blockchain best practices and learnings are hard to come by. Real-world data on how to secure blockchains is even harder to find. Euroclear, a Belgium-based financial services company, has been experimenting with blockchain technology while avoiding additional risks to its business.

Euroclear's blockchain project

To continue reading this article register now

Get the best of CSO ... delivered. Sign up for our FREE email newsletters!