Blockchain Security Testing Tools: Objective and Approach!

By Katherine Smith

Over the years, we have observed most firms adopt blockchain tech tools for their business. It has helped them to build and keep a secure system for their data to protect it from threats and attacks. As a result, they use blockchain security testing tools to eliminate issues that may arise in the apps. Besides, it helps you to create a blockchain app that meets all your needs and demands.  

Blockchain technology has gained trust in the business world since it offers a secure platform to store and manage data. Moreover, it makes the firms' work more accurate, efficient, and cheap. Blockchain also prevents all sorts of challenges and threats seen in other technologies. In other words, it has made a massive change in how business used to work. Therefore, you must test your blockchain apps to save them from hackers and attacks. 

So, if you plan to make a sustainable business out of blockchain technology, you must focus on its security. Therefore, in this blog, you will learn more about blockchain security. Besides, we will explore how security testing will help your blockchain app to be safe. 

In this article, we will walk you through the following topics to get more insights on blockchain security testing tools:

• What is blockchain?
• What is blockchain security testing?
• Why do we need blockchain security testing?
• What are the benefits of blockchain security testing?
• A step-by-step guide to running blockchain security testing

What is Blockchain?

A blockchain is a technology for helping businesses and firms store and manage data in a safely distributed database. It handles the data in a decentralized and encrypted manner. Hence, it prevents the data from hacks and changes. In other words, you can securely store your information in the database. As a result, it ensures the security of your data without the need for any third party. 

Blockchain tech offers many features, including smart contracts and immutable ledger. Blockchain also allows you to transfer and store data since it offers better capacity and security. Besides, it provides multiple opportunities for your business to have more privacy and transparency. 

So, it will take care of your company's health and services by protecting the transaction data. As a result, you must run regular tests on your blockchain apps for their high performance. Therefore, we will learn about blockchain security testing tools and their role in your blockchain apps.

What is Blockchain Security Testing?

As mentioned earlier, blockchain allows you to store data on multiple servers. Besides, it enables your users to see the data in near real-time. You can store all the essential information in the blockchain without fearing getting hacked or changed by a hacker. Moreover, the users can confirm the data without the help of a third-party clearing authority. 

As a result, you will observe blockchain apps across different industries, including healthcare and supply chains. So, blockchain security involves using cybersecurity frameworks and services that ensure your app is free from all issues and attacks. Further, you can manage all the blocks in the blockchain that have records of transactions. 

Therefore, with the help of blockchain security testing tools, you can keep your app tamper-proof and safe from hackers. These tools help your app to be healthy and robust. 

Why do we Need Blockchain Security Testing?

Since most firms adopt blockchain tech, many security issues occur in these blockchain apps. Hackers are looking for ways to access the app for personal gain. Besides, these hackers use advanced tools to change the block. As a result, they will go unnoticed by the app owners. Therefore, you must take steps to the evolving hacking trends. However, let us explore the security issues we see in the blockchain apps:

• Privacy concerns. 

Although blockchain ensures transparency and privacy, your transactions and balances will be visible to others with a public blockchain. As a result, they are mostly vulnerable to monitoring and tracking. Therefore, you must use blockchain security testing tools to prevent these privacy issues before your blockchain app is available. 

• 51% attacks. 

When your blockchain network has 50% of your computing capacity, it can alter deals and cause double spending via malicious entities. For example, cryptocurrencies such as Ethereum Classic, Verge, and ZenCash have lost millions because of 51% attacks. 

•  Phishing and malware attacks. 

Phishing and malware are common security issues that can even impact blockchain. The malicious hackers can disguise themselves as someone the user trusts and access their blockchain to attack. As a result, users must be aware of these issues and safeguard their privacy keys. 

• Quantum computing. 

Quantum computing is a new paradigm in computing that can impact encryption algorithms. Therefore, the testers must prevent the app from being exposed to hacker attacks using a proper blockchain testing framework.  

• Regulatory compliance. 

The testers must comply with laws and regulations related to KYC and AML. As a result, it will help your app to safeguard the users' assets. Besides, you can stop your app from falling into scams with the help of blockchain security testing tools. 

• Smart contracts flaws. 

Smart contracts are self-executing agreements that automate the terms and conditions based on your business needs. However, they might have loopholes that hackers can exploit. Therefore, you must run a blockchain security test to fill the gaps in the app security measures.

What are the Benefits of Blockchain Security Testing Tools?

With the help of security testing tools, you can ensure your app is safe and secure from all sorts of issues. Besides, running regular tests guarantees an app that meets your business and security needs. So, in this section, you will learn the benefits of using security tools for your blockchain app:

• Ensure data integrity. 

In blockchain technology, you can transfer data to nodes. Besides, each node has its copy of the distributed ledger. As a result, each node checks its validity to add new data. If the nodes agree the data is valid, the data gets added to the ledger. Hence, it guarantees data integrity and transparency.

• Zero scams. 

With the help of anti-phishing tools and VPNs, you can avoid scams. Besides, it helps protect your data from hackers and malicious entities. Moreover, blockchain apps run on algorithms that enable no one to use the app for personal gains.

• No more failures. 

With the help of blockchain security testing tools, you can build a blockchain system that is fault-tolerant and highly organized. As a result, there will be no failures in the system.

• No breakdown. 

Since blockchain is a decentralized system, hackers can't access them. Besides, with the help of security testing tools, you can fill the gaps in the app's security measures. As a result, there will be no security issues in your system.

What are the Critical Steps in Blockchain Security Testing?

Most blockchain testing services often undergo two steps to run security testing. They are as follows:

• Discovery. 

This step includes the tester's better understanding of the client's needs and their blockchain system. Therefore, they check the architecture, compliance, and readiness assessment to ensure the app is secure and meets all the requirements. Besides, they analyze the best blockchain security testing tools for the app.

• Evaluation/Testing. 

With the understanding they gathered from the previous phase, the security experts use different tests according to the testing needs.

Conclusion

Blockchain technology is becoming popular in most industries. They ensure to provide secure and quality products to the end users. Therefore, we must run blockchain tests on these apps to prevent them from hacks and attacks. Besides, many blockchain security testing tools are present to test your app. As a result, it helps you build a trustworthy business. So, if you want to invest in blockchain apps, hire experts and get the best service for your business. 

Author Bio

Katherine Smith is a Tech content writer. She writes about everything related to technology, from agile testing, mobile app development, and bitcoins to blockchain testing services. With a background as a content writer, Katherine brings a unique perspective to her writing and is always seeking new opportunities to learn and grow as a tech writer.