Banks, financial institutions, government agencies and large corporations are still struggling to deal with cyber attacks and DNS poisoning, that often lead to billions of dollars in losses every year. Several Blockchain startups are attempting to solve the Internet’s vulnerability issues by integrating an immutable and public ledger into the Internet’s existing framework.
Nebulis eliminates DNS poisoning
Nebulis, a Blockchain startup founded by Philip Saunders, utilizes the Interplanetary File System (IPFS) and the Ethereum Blockchain to create a decentralized version of the Internet. Saunders states that by replacing the traditional DNS system with a Blockchain-based network, the physical backbone of the Internet will be released of pressure.