Distributed Ledger Technologies (DLT), such as blockchain, are transforming industries worldwide by delivering total transparency across the global business network. A wide range of industries - from finance and insurance to medical and publishing companies, as well as government agencies – are using DLT to build decentralised transaction structures, which facilitate new business models and improve efficiency. While the transformative potential of DLT seems endless, it also represents multiple security vulnerabilities that must be addressed. Consequently, the success of the business ecosystem depends on its secure installation, configuration and use.
As DLT is collectively operated between the participants of a decentralised network, software which supports the specific use case must be developed to make it usable within this shared business framework. However, as with all newly developed software, after initial deployment and continuous functional extension, it can be failure prone. Flaws and errors in the design, programming and configuration are examples of typical sources for vulnerabilities throughout the life-cycle. Furthermore, unauthorised user practices for storage and sharing, as well as endpoint applications such as laptops and smartphones, also expose the network to security vulnerabilities.
With a deep understanding of IT vulnerabilities throughout business systems and software cycles, TÜV SÜD offers a holistic approach to ensure the security of your specific configuration. Our methodology includes code analysis, forensic investigations and cryptographic secure storage assessment.
A leading provider of assessment and certification services worldwide, TÜV SÜD offers extensive commercial transaction security expertise. With our segment-specific portfolio, our experts support purchasers, service providers and merchants in ensuring the compliance and security of critical payment processes. Based on a holistic view of the business ecosystem, our services cover commercial transactions via e-commerce, credit cards, mobile and e-wallet, as well as DLT and blockchain. Throughout the project scope – across risk analysis, compliance requirements mapping, and implementation – we offer highly professional services that are independent of any third-party solution provider.