by Yuri Alter Szaniecki and Lucas Santana, Research Analysts


On Friday, US cybersecurity firm CrowdStrike—an $83 billion company with 20,000 clients globally—reported that its popular "Falcon Sensor'' software caused Microsoft Windows to crash in a variety of devices worldwide. The global tech outage has disrupted operations for airlines, media companies, banks, and health systems. These businesses rely on Microsoft 365 apps and are currently experiencing widespread outages.

There are ongoing debates about the benefits of blockchain technology and how a blockchain-based information registration system might have been impacted by a similar incident. However, because public blockchain networks operate in a decentralized manner, it’s very likely that the individual computers powering the decentralized network (i.e., the nodes) would preserve the integrity of the information registry and the operations that live atop such a distributed infrastructure. 

Amid the episode, US Senator Cynthia Lummis remarked that the outages serve as a good reminder of the resilience of the main blockchain in the crypto ecosystem, which uses bitcoin (BTC) as its currency. The Bitcoin network remained unaffected by the events of July 19, extending its 11-year streak of 100% uptime and reminding the world that its decentralized nature—while new to a society reliant on centralized infrastructure—is a feature, not a bug.




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