Twitter might not have been hacked if it was backed by Blockchain Technology
The recent hacking events have demonstrated that centralized infrastructures are still rather vulnerable, however, experts believe that DIDs, SSI, and blockchains can alter the paradigm.
It looks like all the issues with centralized services seem to follow Murphy's law: "Anything that can go wrong will go wrong". A year ago, personal data of over half a million Facebook users were exposed when their accounts were leaked online. And the recent Twitter hack only marks this once again as the accounts of Elon Musk, Bill Gates, Kanye West, Kim Kardashian, Mike Bloomberg, Barack Obama, among others, were hacked to promote a fraudulent offer with Bitcoin.
BBC's cybersecurity commentator Joe Tidy observed: "The fact that so many different users have been compromised at the same time implies that this is a problem with Twitter’s platform itself". All the accounts were exposed and it was just a matter of choice for the scammers, since using celebrity names is much easier to "endorse" scams.
The current model of centralized services doesn't seem to be able to offer a more trustworthy solution for users’ authentication. And even if Twitter or any other service with similar structure keeps developing the cybersecurity walls around its system, it will become more complex and costly, but unfortunately not safer.
Thus, blockchain technology may be the answer to all these security issues as it could help protect data and digital identity, as well as public-key certificates against distributed denial-of-service and man-in-the-middle attacks.
Below you can find some terminology to use when asking your service provider, your online store or your government about whether they are protecting your data to the fullest:
Decentralized identifiers, or DIDs, is a general framework by W3C with various methods to create and manage personal identifiers in a decentralized way. To use the potential of decentralized technologies, developers of online services can simply utilize these methods and protocols.
Selective disclosure protocol, or SDP, is a decentralized method for storing personal data (using DIDs) with cryptographic protection on a blockchain. SDP allows the user to disclose carefully selected pieces of information in any transaction.
Self-sovereign identity, or SSI, is a concept that allows users, and not third-parties, to be the sovereign owners of their personal data and identity. It means that you can store personal data on your device, not on Twitter’s or any other server. It is easier to hack one centralized system storing millions of accounts than to break into millions of personal devices.
Knowledge is power, and users must know that their cybersecurity is not only in their hands. Software and social media giants ought to make a move to improve security standards, and users ought to demand it.