Written by The Red Blog
What is Blockchain Security?
Blockchain and security are separate things but when you consider the application of web 3 and web 2 together within the Chase Reality Metaverse you now have the ability to utilize the nature of blockchains ledger to securely write information that can not be manipulated once written to the chain due to the nature of the chain being decentralized and instead of storing critical information on web 2 servers such a companies websites and connected in house servers and even the likes of cloud services which are regularly hacked and information stolen and sold to the highest bidder. By integrating web 3 and web 2 information can only be accessed by those with legal access because they are the holders of the private keys with access to smart contracts to which the information is bound to.
A short way to put it comes from a quote right from the website of IBM –
“Blockchain security is a comprehensive risk management system for a blockchain network, using cybersecurity frameworks, assurance services and best practices to reduce risks against attacks and fraud “
Red team physical forced entry consultants have been working with the team at Chase Reality on the best practice for high-level security in the cyberspace and the Metaverse.
This is due to the growth and development into the MetaVerse and use of cryptocurrency to remove the middle man in finance, governance and support self-ownership for every ensuring everyone has access to finance and their own free space in the metaverse, This is web 3!
With the development and real-world applications growing and now even the Red Team physical team has the ability to create and mint new tokens with future plans including staking and payment transactions in conjunction with the Chase Reality MetaVerse and the CRM community and members.
We will be implementing the same level of security insight of multi-risk management that we already apply to physical risk management, our framework for crypto security will be open to multi-platforms and the use of fragmented CDN network storage and the use of Seed Phrases which will mean that at any stage no one individual will have competent authority or control of the storage, transfer or wallet keys other than the owner of the Seed Key, making sure that your crypto is safe and recorded on the blockchain.
More information regarding the process and development will be able on our blog via the Red Blog and Meta blog.
Feel free to join the Red FB Group and the ChaseReality.Co FB Group and the Discord Channel below.
Discord Chase Reality MetaVerse
https://discord.gg/reeWj7xJuY
Red team wishes you all a safe and exciting time in the MetaVerse and always.