In addition to digital currencies and ICOs, blockchain technology can also be directly implemented in company operations. To assist businesses in accessing this technology, Snowbridge has developed #Watcher, a file monitoring module that is currently being piloted at a bank in Taiwan in a proof-of-concept project.
In recent years, banks have suffered incalculable losses due to the implantation of Trojan horses by hackers. Anti-virus software has little defense capability against these specific hacking methods because they are unable to detect the file implantations that pose a threat. The main issue is that anti-virus programs are incapable of detecting previously unknown Trojan features in their virus databases. Strengthening the weaknesses in anti-virus software requires an automated system that can compare the similarities and differences between “good” and “bad” files and alert the administrator when files have been changed.
#Watcher (pronounced as “hash-watcher”) records the hash value of important files on the blockchain constantly. As blockchain data is immutable, it will re-collect the hash when there is a file change in the system. Although it is a simple blockchain application, #Watcher can be expanded to a wider range of applications such as regulatory compliance, outsourced software management, and contract document preservation.
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