Odaily Planet Daily News: Regarding the recent data outage experienced by CrowdStrike, Chiagozie Iwu, a blockchain researcher and former CEO of Naijacrypto, provided insights on how blockchain outages affect crypto companies and proposed suggestions for reducing the associated risks. In an interview, Iwu pointed out that blockchain-native companies operate on decentralized networks and are inherently more resilient to such outages. "For blockchain-native companies, they have nothing to worry about because the node-based decentralized element mitigates this risk." However, he warned that centralized crypto platforms may be vulnerable to similar problems in the future. He suggested that institutions could begin to consider decentralized cloud-based architectures, such as the Internet Computer (DFINITY), to enhance their resilience. Olumide Adesina, an analyst at Quantum Economics, said the incident also supports the viability of blockchain as an alternative to traditional IT systems. When it comes to the potential regulatory challenges brought about by the CrowdStrike incident, Iwu is skeptical about immediate large-scale regulatory reforms. He believes that the recent cybersecurity incident is unlikely to lead to major regulatory changes because it is not serious enough to require such a response. Existing regulations, data backup and processing requirements already address cybersecurity concerns, reducing the need for new regulatory changes. However, a significant concern is the potential impact on crypto companies’ trading activities and revenue streams. Iwu highlighted these risks, noting that missed transactions or improper financial positions could result in financial losses. To reduce the risks associated with a CrowdStrike data outage, Iwu recommended that crypto companies consider alternative endpoint security solutions to CrowdStrike and implement additional layers of security. (Cointelegraph)