On the application of financial security standards in blockchain platforms
Advances in Information Security
© Springer Nature Switzerland AG 2020. Security standards such as the Payment Application Data Security Standard (PA-DSS) have been developed to keep transaction data secured in traditional payment systems. However, blockchain systems are not in the scope of these security standards. In this work, we highlight the differences between traditional and decentralized payment platforms and we present an adaptation of the PA-DSS standards to apply them in transaction-supported, decentralized blockchain platforms. We evaluate the QTUM and Ethereum blockchain platforms by using our adapted standards and we report security gaps on each platform. We conclude that neither platform is suitable for business adoption based on the adapted PA-DSS standard’s evaluation results.
Bello, Gabriel and Perez, Alfredo J., "On the application of financial security standards in blockchain platforms" (2020). Faculty Bibliography. 2706.