IBM and Seagate Partner to Tackle Counterfeit Hard Drives Using Blockchain Technology
Seagate Technology Plc and IBM have lately introduced that they’re running in combination to scale back world arduous pressure counterfeiting the usage of blockchain era.
Figures from the International Anti-Counterfeiting Coalition (IACC) estimates that world business in counterfeit and pirated items quantities to $1.77 trillion. With one of these prevalent downside impacting producers, integrators, and companies, reminiscent of information loss and upper guaranty prices, an answer is wanted to take on the issue.
The challenge between Seagate and IBM is designed to just do that.
Speaking to CoinJournal, Christophe Begue, director of electronics trade for the Americas Group at IBM, stated that the blockchain supplies an “immutable record of an object of value throughout its entire lifecycle, so that no single party can change or append the data without consensus of the network,” including:
“This ensures that all permissioned parties on the blockchain have a shared version of the truth throughout a hard drive’s lifecycle – having full transparency into the asset and enabling a new level of trust that previously did not exist.”
Powered via Linux Foundation’s Hyperledger Fabric, Seagate will examine product authentication information at the Seagate Secure™ Electronic ID (eID), on the level of manufacture, at the IBM Blockchain Platform. The digital ID, which can function an digital fingerprint, will likely be used to examine the establish of a troublesome pressure at any level all over its lifecycle.
With the usage of the blockchain, carrier suppliers, finish customers, and era distributors will likely be ready to verify the product’s provenance, with an immutable document of occasions. By doing so, it is helping to scale back information loss, guaranty prices, and fraudulent merchandise whilst making improvements to product assurance.
“IBM has a proven history of technology innovation as evidenced by its market leadership in blockchain technology for product provenance in various industries,” stated Mark Re, senior vice chairman and leader era officer at Seagate. “By combining Seagate’s innovations in product security with IBM’s blockchain expertise, we want to prove that we can help reduce the incidence of product counterfeiting in the future.”
Additionally, via Seagate’s Certified Erase it makes use of a cryptographic erasure era that produces a virtual certificates of information purge. This is electronically signed via the software below the Seagate Secure public key infrastructure (PKI). It is then saved at the blockchain for compliance control with world information privateness rules.
“When a client decides to no longer use a hard drive, Seagate’s Certified Erase technology wipes the drive, closing a GDPR compliance loop by ensuring responsible disposal of the drive,” defined Begue. “When this disposal takes place, Certified Erase is triggered and written to the blockchain. This ensures that even if the physical asset were to be reused, its data has been disposed of with no risk of misuse.”
The challenge is these days aimed on the undertaking degree; then again, Begue states that there’s the prospective to upload shops at a later date.