Blockchain is a relatively new technology, a distributed database used for sharing between nodes of computer networks. A blockchain stores all information in automated digital format as a database. Blockchain innovation ensures the accuracy and security of the data record and generates trust without the need for a trusted third party. The objectives of this paper are to determine the security risk of the blockchain systems, analyze the vulnerabilities exploited on the blockchain, and identify recent security challenges that the blockchain faces. This review paper presents some of the previous studies of the security threats that blockchain faces and reviews the security enhancement solutions for blockchain vulnerabilities. There are some studies on blockchain security issues, but there is no systematic examination of the problem, despite the blockchain system’s security threats. An observational research methodology was used in this research. Through this methodology, many research related to blockchain threats and vulnerabilities obtained. The outcomes of this research are to Identify the most important security threats faced by the blockchain and consideration of security recently vulnerabilities. Processes and methods for dealing with security concerns are examined. Intelligent corporate security academic challenges and limitations are covered throughout this review. The goal of this review is to serve as a platform as well as a reference point for future work on blockchain-based security.

2022 International Conference on Data Analytics for Business and Industry (ICDABI)