Blockchain technology expands into finance and robotics amid rising cyber risks

Blockchain technology is increasingly integrating into global financial and industrial infrastructures. The US Securities and Exchange Commission (SEC) is exploring the use of public blockchains for trading tokenized stocks, allowing qualified platforms to trade real US equities via smart contracts for a five-year period, provided traditional dividend and voting rights are maintained.

In the industrial sector, companies like peaq and Doosan Robotics are testing digital identities for robots, enabling them to use wallets for financing and insurance. Meanwhile, major financial players like BlackRock and Nasdaq are involved in discussions regarding blockchain-based exchange trading.

However, the technology faces significant security challenges. Chainalysis reports a massive increase in cyber threats, noting that state-sponsored hackers are using blockchains as permanent infrastructure for malware. Malicious entries on blockchains have reportedly increased by over 400 percent, as the immutable nature of the ledger allows attackers to store commands that are nearly impossible to delete.