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Authorization of Spot Bitcoin ETFs</a> </div> <div> <a href="/bitcoin-atms-increase-in-number-as-crypto-surges/">Bitcoin ATMs Increase in Number as Crypto Surges</a> </div> <div> <a href="/vanecks-top-10-predictions-for-crypto-in-2025/">VanEck’s Top 10 Predictions for Crypto in 2025</a> </div> </div> </div> </div> </div>  <div class="content"> <div class="container"> <div class="breadcrumb"><span><span><a href="https://www.cryptocurrencywire.com/">Home</a></span> » <span><a href="https://www.cryptocurrencywire.com/newsroom/newsroom-articles/">NewsRoom Articles</a></span> » <span class="breadcrumb_last" aria-current="page">Taiwan Looks to Blockchain to Evade Chinese Hackers</span></span></div> <article id="post-34775" class="post-34775 post type-post status-publish format-standard hentry category-uncategorized"> <header class="entry-header"> <h1 class="entry-title">Taiwan Looks to Blockchain to Evade Chinese Hackers</h1> <p class="article-date">August 17, 2022</p> </header> <div class="single-article-left"> <div class="entry-content"> <p>Taiwan is planning on leveraging blockchain’s security capabilities to bolster its cyber security and make it more resistant to<a href="https://www.rfa.org/english/news/china/taiwan-cyber-08082022125442.html" target="_blank" rel="noopener noreferrer"> Chinese cyberattacks.</a> The east Asian country’s government launched the blockchain-based project soon after U.S. Speaker of the House Nancy Pelosi visited the island, the first such visit by a senior-level official in more than two decades.</p> <p>Designed in 2014 by Juan Benet, the <a href="https://www.howtogeek.com/784295/what-is-the-interplanetary-file-system-ipfs/" target="_blank" rel="noopener noreferrer">InterPlanetary File System</a> (IPFS) will allow Taiwan’s Ministry of Digital Affairs to protect its infrastructure from online attacks. Built using blockchain technology, IPFS is a <a href="https://www.blockchain-council.org/blockchain/blockchain-role-of-p2p-network/" target="_blank" rel="noopener noreferrer">decentralized peer-to-peer network</a> that allows users to circumvent <a href="https://weteachblockchain.org/courses/blockchain-security/3/centralized-points-of-failure/" target="_blank" rel="noopener noreferrer">centralized points of failure</a> by storing and backing up websites and files across a wide network of different nodes. This technology also makes it possible for users to get around online censorship efforts, an issue that is <a href="https://www.hrw.org/news/2020/09/01/china-great-firewall-changing-generation" target="_blank" rel="noopener noreferrer">prevalent in neighboring China.</a></p> <p>The Taiwanese Ministry of Digital Affairs (MODA) will integrate IPFS technology into its web portal to protect it from attacks. In the wake of Pelosi’s visit to Taiwan, the country’s government websites have experienced several attacks including a <a href="https://us-cert.cisa.gov/ncas/tips/ST04-015" target="_blank" rel="noopener noreferrer">distributed denial-of-service (DDoS) attack</a> that made the sites inaccessible. Officials from Taipei also say that the country saw almost 5 million scans for system vulnerabilities and attacks in 2021.</p> <p>According to Taiwan Digital Minister Audrey Tang, the new MODA site had not been subject to any attacks since it was first launched when China began practicing military drills around the time Pelosi visited Taiwan. Tang says that the site currently uses both Web2 and Web3 tools, leveraging a Web3 structure that is built and relies on the <a href="https://www.networkworld.com/article/3532318/what-is-the-internet-backbone-and-how-it-works.html" target="_blank" rel="noopener noreferrer">global Web2 backbone network</a>. Although the new site currently shows “Coming Soon August 2022,” the public can still access multiple files through IPFS.</p> <p>Speaking to local media outlet Liberty Times, Tang said that the country launched the new MODA site on the day the Chinese military began army drills. Soon after China’s People’s Liberation Army started its military drills, Taiwan saw an uptick in cyberattacks, with the attacks reaching some 15,000 gigabits on Aug. 2, 2022. There were also reported cases of <a href="https://www.taiwannews.com.tw/en/news/4615238" target="_blank" rel="noopener noreferrer">hackers breaking into public signage</a> and displaying messages branding Pelosi as a witch looking to challenge China’s sovereignty and divide the Chinese people.</p> <p>The east Asian country has traditionally been the<a href="https://www.ft.com/content/8e5b26c0-75c5-11e8-a8c4-408cfba4327c" target="_blank" rel="noopener noreferrer"> target of Chinese cyberattacks</a>, reporting a whopping 20.4 million cyberattacks every month in 2018. The cyberattacks increased after Taiwan elected Tsai Ing Wen as president in 2016, with Taipei stating that the country saw approximately<a href="https://www.france24.com/en/live-news/20211110-taiwan-government-faces-5-million-cyber-attacks-daily-official" target="_blank" rel="noopener noreferrer"> 5 million scans for vulnerabilities or attacks per day </a>last year.</p> <p>The move made by Taiwan to resort to using blockchain technology to avert potential cyber attacks is just what could end up popularizing the industry and give companies such as <a href="https://www.cryptocurrencywire.com/crypto-companies/hive-blockchain-technologies-ltd/?symbol=hive" target="_blank" rel="noopener noreferrer">HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSX.V: HIVE)</a> the vote of confidence they need in the eyes of the general public.</p> <p><strong>About CryptoCurrencyWire</strong></p> <p>CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via <a href="https://www.investorwire.com/" target="_blank" rel="noopener noreferrer">InvestorWire</a> to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. 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