Since its inception in 2007, blockchain has become a pivotal technology, with its market capitalization reaching $10 billion in 2016 for Bitcoin, a cryptocurrency that utilizes blockchain technology. Blockchain technology, which is used in various fields, is known for its audibility, security, trust, transparency, accountability, and traceability. However, it brings challenges such as scalability, privacy leakage, and selfish mining. Each transaction conducted on the blockchain is stored and registered, making it easy to check and confirm transactions during audits. Public key cryptography always ensures security, and each participant sees the same version of the distributed ledger, guaranteeing trust and transparency. Transactions cannot be tampered with, and each action a participant executes is traceable with no possibility of deleting transactions from the system. Despite these advancements, awareness of blockchain technology remains limited, hindering its widespread adoption. However, with ongoing research and development, blockchain technology holds great potential for a variety of industries, and its benefits will continue to be explored and leveraged. This paper provides insights from various studies that address the risks related to blockchain in cybersecurity, develops a seven-layer structure to combat those risks and proposes an invoice financing platform that establishes data confidentiality. The paper concludes that despite its potential, blockchain technology needs more exploration, awareness, and improvement to be adopted in more areas and companies.

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