Blockchain Security-Efficiency Analysis based on DEA-SBM Model

Abstract

It is estimated that by 2023 the security market will reach a value of $1.4 billion. This growth is primarily driven by the increasing use of technology in sectors like finance, healthcare and logistics. As more companies adopt technology there is a growing need to protect their data from hacking and other malicious activities. The security of the network plays a role in ensuring the implementation and adoption of technology. Given the rise in cyberattacks and data breaches it is expected that the importance of security will continue to grow in the coming years. In this study we will explore some companies that specialize in providing security solutions. Our analysis will be based on three factors and two desired outcomes. The selected companies include Hacken, Quantstamp, OpenZeppelin, Trail of Bits, ConsenSys, Certik, LeastAuthority, PWC Switzerland, Slowmist and Runtime Verification. The purpose of this research paper is to assess the effectiveness of the security industry for decision makers, experts and government entities. By gaining insights into this sector and enhancing network security measures for implementations, across industries.