The Disruptive Blockchain Security Threats and Threat Categorization

Abstract

From the last decade, Blockchain is not only disrupting Banking and Financial sectors but also disrupting Automotive, Entertainment, Financial Services, Food & Beverages, Insurance, Oil & Gas, Pharmaceutical, Retail, Social Media and Technology sectors. Blockchain is going to drive the next era of technology wheel, as a de-facto standard of trust to become the most widely adopted technology after the Internet. Blockchain is still young and evolving. Past security threats in Blockchain Platforms raise serious security concerns on the adoption of Blockchain. These security threats are disrupting the adoption of Blockchain. This research article presents a systematic review of the disruptive security threats in Blockchain 1.0 and Blockchain 2.0 based Platforms. This research could be a significant contribution to the literature to formulate a more secure and reliable security framework to boost Blockchain adoption.