A Moscow Polytech’s postgraduate student developed a tool to protect cryptographic keys from attacks
A Moscow Polytech’s postgraduate student Alexander Plotkin has developed an innovative tool to protect cryptographic keys in blockchain systems fr om various threats and attacks. The development improves safety and reliability of cryptocurrency transactions and storage of digital assets. This is especially important taking into account a growing popularity of blockchain technologies and cryptocurrencies.
Cryptographic keys are some sort of “passwords” that are used for getting access to digital assets and conducting transactions in blockchain systems. However, like any other digital system, a blockchain is vulnerable to various types of attacks, such as “51%” attacks, “double spending" and "Sybil attacks". These attacks may lead to theft of digital assets and undermine trust in blockchain technologies.
The tool developed by Alexander Plotkin uses advanced mathematical models and algorithms for the analysis and assessment of resistance of cryptographic keys to various attack types. It allows identifying potential threats rapidly and in an automated way, and proposing optimal ways of their elimination.
“Our tool will help companies and organizations, using blockchain technologies, to provide a high level of cryptographic keys’ protection, and, as a result, to improve safety of transactions and storage of digital assets. It is especially important for such spheres as finance, healthcare and state services, wh ere confidentiality and data safety are of paramount importance,” - noted Alexander Plotkin.
Alexander Plotkin’s development can contribute to a wider implementation of blockchain technologies in various sectors of the economy by increasing user trust and reducing the risk of financial losses. The tool is easy to use and can be easily integrated into existing blockchain systems.
Reference: Alexander Plotkin presented his development at the II International scientific and practical workshop “Society Digitalization: Current Conditions and Prospects”, which was held at Moscow Polytech. The workshop was organized jointly with the Grozny State Petroleum Technical University named after Academician M.D. Millionshchikov, the Tashkent University of Information Technologies named after Muhammad Al-Khorazmiy, and “The Center for the Development of Digital Education" under the Ministry of Digital Technologies of the Republic of Uzbekistan.
