IBM Collaborates With Seagate to Use Blockchain to Reduce Global Hard Drive Counterfeiting

Neutral IBM Collaborates With Seagate to Use Blockchain to Reduce Global Hard Drive Counterfeiting

Hard drive counterfeiting issues are consistently troubling companies like Seagate. The company is now using an electronic fingerprinting method and product tracking in combination with the IBM Blockchain Platform to help prevent these problems. IBM and Seagate announced that they would be working together to create and integrate a robust system for manufacturers and integrators along with business partners to remove counterfeit products from the market.

Proving Provenance Using Blockchains

IBM will be using its blockchain technology to authenticate the provenance of disk drive products by Seagate. This will bring new multi-layered security protection to the industry. Seagate will also use the IBM Blockchain Platform on the IBM Cloud and update it with data from the Seagate Secure Electronic ID (eID) at the point of manufacture. The electronic identifier will work as a unique fingerprint for the product that can be authenticated using the IBM blockchain.

It also comes with a Certified Erase cryptographic erasure technology that will produce a digital certificate of data purge. It will be signed electronically by the Seagate Secure public key infrastructure (PKI). The signature will be stored on the blockchain to ensure compliance management with data privacy laws around the globe.

Trillions' Worth of Counterfeit Goods Available

The International Anti-Counterfeiting Coalition suggests that the global trade in counterfeit and pirated electronic products are valued at over $1.7 trillion.

The solution from Seagate and IBM builds upon the existing Hyperledger Fabric framework powered by the Linux Foundation. It will allow all technology vendors, service providers, and even the end users to confirm the provenance using the blockchain and check if their product is genuine or not. Over a period of time, it will reduce data loss, warranty costs, and fraudulent products.

Global managing director of electronics industry at IBM, Bruce Anderson recently said:

"Blockchain technology can be extremely effective in confirming provenance and authenticity of assets. The ability to work with Seagate to combine blockchain with advanced cryptographic product identification technology is what sets this work apart, and signals blockchain's potential to reimagine the electronics product lifecycle management processes. Counterfeit electronic components are a global issue that requires an ecosystem-wide effort to address."

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A journalist and trader who enjoys writing, technical analysis and consulting. Viraj has been investing in stocks for more than eight years and involved in cryptocurrencies for over a year.

Viraj aims to share his knowledge on markets and cryptocurrencies in a clear, concise way.

11/09/2018 / 13:29:13 Source: blokt

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