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While blockchain was officially introduced in 2009 powering the launch of Bitcoin, the term came into the public eye in 2017/2018, as the price of Bitcoin skyrocketed. For many people, blockchain is synonymous with Bitcoin and cryptocurrency, but it is an important technology in its own right, with a wide range of applications. 
When integrated with cloud hosting, the benefits of blockchain technology are amplified. We’re taking a look at what it is, how it works, and how a managed cloud hosting solution can support your business to make the most of blockchain. 
<h2>What is blockchain?</h2>
Blockchain is a secure and transparent method of recording and sharing data within a network. Records, known as blocks, are listed in a continuously growing chain, forming a distributed database. The chain cannot be deleted or modified without notifying the network, meaning blockchain technology creates an ‘immutable’ ledger of data. 
This immutable nature brings significant benefits for many industries. Blockchain technology was brought into the public eye through its use in cryptocurrency, where it is used to create a digital ledger of transactions which are secure against hackers. Blockchain is also frequently used across the fintech sector more broadly, streamlining operational processes, payment services, and for Central Bank Digital Currencies (CBDCs). Other common use cases include identity and data verification, recording ownership history and provenance of high-value items for insurance, tracking supply chains, and decentralising healthcare records. 
Blockchain can be either public, private, or hybrid, combining elements of both private and public. 
A public blockchain has no restrictions to access, with all members having equal rights to contribute to and view the data. The control and decision making relies on a distributed network, rather than a centralised entity. This improves transparency and trust in the data. Examples of public blockchains include cryptocurrencies, such as Bitcoin and Ethereum. 
A private blockchain, also known as a managed blockchain, operates slightly differently to a public blockchain, as there is a single authority in control, determining access. While public blockchain is fully decentralised, private blockchain is considered partially decentralised, as it has access restrictions limiting who can be a participant in the network.  A private blockchain will be most commonly used by businesses where the data needs to be protected, so access to the network cannot be public. 
A hybrid blockchain network takes a middle ground, where private and public systems are run in tandem. Access to specific data can be controlled through the private element, and the rest of the data can be publicly available. 
<h2>How does blockchain work?</h2>
The process can be simplified to four steps.
<ol>
<li style="font-weight: 400;" aria-level="1">Transaction initiation &#8211; A transaction is initiated by a user in the network, which is digitally signed using the sender’s private key to ensure authenticity. </li>
<li style="font-weight: 400;" aria-level="1">Transaction verification &#8211; A network of computers, known as nodes, receive the broadcast transaction, and validate it using algorithms to ensure it is legitimate and follows protocol rules. </li>
<li style="font-weight: 400;" aria-level="1">Block formation &#8211; The transaction is bundled with other validated transactions into a block, containing a list of transactions, a timestamp, a reference to the previous block, and a cryptographic ‘hash’ &#8211; a unique identifier. The hash provides a way to monitor for data changes, as if the contents of the block are altered, the hash value changes.</li>
<li style="font-weight: 400;" aria-level="1">Blockchain update &#8211; A consensus mechanism is used to ensure the majority of the network participants agree on the validity of the recorded transactions in the new block. Each blockchain system will have its own rules for consent. Once consensus is achieved, the new block is permanently added into the blockchain. Each block contains the unique hash of the previous block, ensuring data integrity. After the hash has been applied, it is distributed across all nodes in the network for transparency and security.</li>
</ol>
<h2>What are the benefits of integrating blockchain with managed cloud hosting</h2>
Cloud hosting pools computing resources from a network of physical and virtual servers forming an interconnected infrastructure. For full details on how this works, read our insight ‘<a href="https://www.hyve.com/insights/what-is-cloud-hosting/">What is cloud hosting?</a>’. There are several different cloud hosting models, which each have their own use cases. The most commonly used models are <a href="https://www.hyve.com/cloud-hosting/public-cloud/">public cloud</a>, <a href="https://www.hyve.com/cloud-hosting/managed-vmware-private-cloud-hosting/">private cloud</a>, and <a href="https://www.hyve.com/dedicated-servers/">dedicated servers</a>. 
Cloud hosting services are offered by providers such as Hyve, and can be <a href="https://www.hyve.com/insights/managed-vs-unmanaged-cloud/">managed or unmanaged</a>. Managed cloud, where the provider offers a layer of ongoing management and support on top of your cloud platform, has particular benefits for businesses working with blockchain.
<h3>Scalability</h3>
Blockchain businesses can struggle with scalability &#8211; the ever-growing nature of blockchain means that resources may need to be increased rapidly to process and store data. Cloud hosting solutions are easily scalable by nature &#8211; virtualisation means that additional Vvirtual Mmachines (VMs) can be created from physical servers, extending their capacity. These new VMs are integrated in the cloud infrastructure, working together with existing resources. In-house management of a growing network can be time and resource intensive, requiring expert employees. A managed service provider (MSP) can support this management, monitoring capacity, creating new VMs, and ensuring fast and reliable communication between all elements of the infrastructure. 
<h3>Cost-efficiency</h3>
Blockchain can be resource intensive, needing high bandwidth for data transfer and validation between nodes, and sufficient storage. If businesses are not careful, the cost of these resources can spiral, leading to higher bills than expected. Cloud hosting can be a cost effective alternative to on-premise infrastructure, as instead of having to pay for costly hardware yourself, you can effectively rent the hardware from your cloud provider. The virtualisation possible with cloud allows you to benefit from a wide reaching network, which would be cost-prohibitive with only physical servers. 
Managed cloud provides further cost savings, allowing you to benefit from a team of experts acting as an extension of your business, without the recruitment and salary costs of hiring in-house. The right managed cloud provider will take a consultative approach, working with you to analyse your business needs, and design and deploy a solution which optimises your resources and makes the most of your budget. Your provider can also monitor your infrastructure, strategically scaling your resources as needed and making sure your costs do not spiral. 
<h3>Global reach and availability</h3>
As blockchain uses a distributed network of nodes, it is ideally paired with cloud hosting, where your infrastructure can also be distributed across multiple locations. When operating with users globally, it is vital to ensure latency is minimised. Working with a global cloud provider gives you access to a network of data centres, meaning wherever your users are you can operate nearby. This optimises performance across your infrastructure, delivering the best experience for your users. 
Distributing copies of the blockchain across multiple nodes ensures redundancy, meaning there is no central point that can be shut down or impacted by a disaster. The reliability and availability of the blockchain is therefore high.  
<h3>Security</h3>
Cryptography (the practice of encoding information) is central to blockchain. The cryptographic hashing used when creating the blocks encrypts the information contained, and can only be accessed with the user&#8217;s key. The decentralisation and principle of consensus in blockchain also ensure its security, as it is incredibly difficult for one attacker or group to infiltrate the network or tamper with the data.   
While blockchain technology is incredibly secure, and it is nearly impossible to hack into the blockchain itself, there can be weaknesses in the surrounding infrastructure. For example, if you are running a private or hybrid blockchain network containing sensitive transactions and data, this information is visible to anyone in the network. A hacker could exploit one user’s vulnerabilities, for example a lack of multi-factor authentication, or weak antivirus protection, and gain access to the network, and the data it contains. 
With a managed cloud solution, your infrastructure can be protected with a full <a href="https://www.hyve.com/security/">security stack</a> across the whole network. Implementing a comprehensive security solution, which can include encryption, firewalls, VPNs, access management protocols, and more, protects your blockchain infrastructure. A managed provider can also provide advanced monitoring services, which will predict and detect any potential threats, allowing you to defend your infrastructure. 
<h2>Why choose Hyve for your blockchain hosting needs?</h2>
Whether your company solely focuses on blockchain, or you are incorporating the technology into your processes, our managed cloud hosting is the ideal choice for companies seeking a tailored and scalable solution. 
With a global footprint of secure data centres, we can deploy infrastructure worldwide, making sure you are always near your users. Our cloud experts design bespoke platforms to meet your requirements, with 24/7/365 support and management allowing us to become an extension of your business. You can find full details of our solutions for blockchain on our <a href="https://www.hyve.com/blockchain-hosting/">blockchain hosting page</a>, or alternatively, for an initial consultation, <a href="https://www.hyve.com/contact-us/">fill out our contact form</a> and one of our experts will be in touch.

We’re taking a look at Blockchain, how it works, and how a managed cloud hosting solution can support your business to make the most of blockchain. 

Blockchain and Managed Cloud Hosting | A Perfect Match

Blockchain and Managed Cloud Hosting | A Perfect Match | Hyve Managed Hosting

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<h2>Updated 24th July</h2>
Crowdstrike has released a <a href="https://www.crowdstrike.com/falcon-content-update-remediation-and-guidance-hub/">preliminary Post Incident Review (PIR)</a> following their investigations into the outage. They have stated that the issue &#8216;involved a Rapid Response Content update with an undetected error&#8217; &#8211; this was a content configuration update designed to &#8216;respond to the changing threat landscape at operational speed&#8217;. While the update was checked before being published, a bug in the Content Validator meant that one element of the update passed validation despite containing problematic content data. This problematic data led to the crash.
The update additionally includes a statement from CEO George Kurtz, apologising for the outage, and warning customers of potential malicious action following the incident: &#8216;We know that adversaries and bad actors will try to exploit events like this. I encourage everyone to remain vigilant and ensure that you’re engaging with official CrowdStrike representatives.&#8217;.
<h2>Updated 22nd July</h2>
Crowdstrike has stated that a ‘significant’ number of the affected devices are now back online following the outage. They confirmed <a href="https://x.com/CrowdStrike/status/1815131118300966933">via an update on X</a> that 8.5million Windows devices were impacted, and are focusing on ‘restoring all systems as soon as possible’. 
While many systems worldwide are now back online, backlogs and delays caused by the outage mean the effects will likely still be felt for several weeks. 
The outage was caused by a content update for Crowdstrike’s endpoint detection and response (EDR) software Falcon. The software monitors the device for suspicious activity, locking down any threats &#8211; meaning it is tightly integrated with the core software of the device, in this case Microsoft Windows. When the update caused Falcon to malfunction, it also caused the devices to crash and fail to reboot, leading to the ‘blue screen of death’ error screen.
Crowdstrike has given full details of what caused the incident, as well as how to access support if you are affected, on their <a href="https://www.crowdstrike.com/blog/falcon-update-for-windows-hosts-technical-details/">blog</a>.
<h2>Updated 19th July</h2>
The outage, which has impacted Microsoft Windows devices, started at about 11pm GMT on the 18th July. The cause of the outage was not initially clear, with Microsoft stating that they were investigating the problem and taking mitigation actions.
Cybersecurity firm Crowdstrike has now confirmed the issue was caused by a defect in their content update for Windows hosts. CEO George Kurtz stated ‘The issue has been identified, isolated and a fix has been deployed’. 
The impact of the outage so far has included:
<ul>
<li style="font-weight: 400;" aria-level="1">Airlines and airports globally have experienced outages in their systems, causing delays and cancellations</li>
<li style="font-weight: 400;" aria-level="1">GP practices across the UK were unable to access patient records or book appointments</li>
<li style="font-weight: 400;" aria-level="1">Sky News in the UK was off air on the morning of 19th July</li>
<li style="font-weight: 400;" aria-level="1">UK train companies have been unable to access driver diagrams, leading to short-notice delays and cancellations</li>
</ul>
Current investigations are showing that the UK government is not experiencing issues with its own IT infrastructure.

A global IT outage has impacted airlines, train companies, banks, and other key services worldwide. Updated 12pm 19 July 2024

Global IT outage | What is the latest news?

Global IT outage | What is the latest news? | Hyve Managed Hosting

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<a href="https://www.healthcareittoday.com/2024/07/12/healthcare-in-the-cloud-a-secure-path-to-improved-care/">Originally published on Healthcare IT Today</a>
Cloud technology is at the forefront of digital transformation strategies for the healthcare industry. Indeed, 81% of healthcare executives <a href="https://www.pwc.com/us/en/industries/health-industries/library/cloud-health-survey.html">stated</a> that they use it in most or all of their operations.
And while the shift to the cloud promises to enhance patient care, streamline workflows, and improve safety, it also introduces new security challenges. Healthcare data is a prime target for cybercriminals, as evidenced by the staggering <a href="https://www.hipaajournal.com/healthcare-data-breach-statistics/#:~:text=The%20huge%20total%20for%202023,data%20breach%20of%20all%20time.">133 million health records exposed, stolen, or improperly disclosed in 2023</a>.
With this in mind, healthcare IT must prioritize compliance with regulations such as HIPAA and HITRUST to ensure the highest level of patient data protection. When applied correctly, the basic tenets of a secure cloud deployment can ensure that these unique security needs are met in this highly regulated sector.
<h2>Beyond a Single Cloud: Diversification for Enhanced Security</h2>
Cloud diversification—also known as a distributed cloud strategy—has long been considered one of the most suitable options across myriad industries. Whether it’s hybrid or multi-cloud, distributing data and workloads across multiple platforms can help ensure greater resilience in the event of a security incident or outage.
The same can be true for healthcare. Taking a multi-cloud or hybrid approach reduces the risk of major disruption when one platform is hit by an outage or a breach. It also helps comply with data protection requirements by distributing sensitive patient data across different locations rather than having it all stored in one central place. After all, a moving target is harder to hit.
<h2>Continuous Vigilance: Updates and Maintenance are Key</h2>
All cloud infrastructure runs best when supported by a routine maintenance schedule. Healthcare is no exception. Regular software updates, security patching, and routine maintenance are vital for robust security. By staying vigilant and proactive with maintenance, you can minimize the risk of cyberattacks and ensure the safety of your patients’ data.
<h2>Planning for the Unexpected: Proactive Measures for Peace of Mind</h2>
Healthcare organizations are responsible for protecting sensitive data and adhering to regulations. This necessitates a thorough evaluation of potential cloud providers. Factors to consider include their security track record, compliance certifications, and data backup and recovery plans.
Cloud providers have been prioritizing these security features for several years now. No industry is immune from attack, so providers have invested heavily in procedures and security products that help ensure data is protected.
Healthcare IT teams can learn from cloud best practices about regular backups, both on-site and off-site. The “air-gapped” backup strategy could be particularly beneficial for protection against ransomware attacks. With this approach, the backed-up data is inaccessible from the live systems. Malicious code cannot physically access the backup data, ensuring it will not be encrypted. Also, frequently testing recovery procedures ensures an organization is prepared for outages or data loss rather than waiting for a disaster to strike.
The human aspect of data access is another critical element. Two-factor authentication (2FA) should be standard when accessing any form of sensitive data, as this is the only way to truly help protect data from breaches. Passwords can be breached remotely far more easily than having to use a physical device that only the user has for a code.
<h2>Risk Assessment: A Crucial Step for Comprehensive Security</h2>
Where healthcare IT may need to take an extra step in cloud security is in its approach to risk assessment. Given the unique nature of healthcare data and the increased risk of damage from an outage or a breach, cloud-bound healthcare IT professionals should maintain an up-to-date asset inventory. This should include patient records, other sensitive data, and any Internet of Medical Things (IoMT) devices on your network that can be potential entry points for attackers.
Understanding the potential impact of a data breach should also be included in the risk assessment. Estimating the worst-case scenario’s possible consequences helps prioritize security measures, many of which will be unique to the healthcare organization.
HIPAA’s contingency planning guidelines mean that healthcare organizations also need to identify potential threats to cloud infrastructure such as natural disasters, insider threats, power outages, or malicious attacks.
Finally, it is crucial to recognize potential vulnerabilities in your systems. Outdated medical equipment, unpatched software, and untrained staff are all examples of vulnerabilities that attackers can exploit.
Cloud deployment has always been a daunting task, and the strict confines in which healthcare organizations operate add another layer of complexity. But by following industry-leading best practices, healthcare organizations can harness the power of the cloud to transform patient care while safeguarding sensitive information. This allows them to focus on their core mission: delivering exceptional healthcare.

Cloud technology is at the forefront of digital transformation strategies for the healthcare industry. Find out how the cloud is securing the healthcare sector.

Healthcare in the Cloud: A Secure Path to Improved Care

Healthcare in the Cloud: A Secure Path to Improved Care | Hyve Managed Hosting

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