• Wed, 20 Mar 2019, 03:27 AM
  • All times are UTC
  • Edition:
    International
Link copied

Seagate, IBM partner to curb hard drive counterfeiting with blockchain

Fri, 09 Nov 2018, 04:43 am UTC

Leading data storage solutions provider Seagate Technology is teaming up with IBM to curb product counterfeiting using blockchain and security technologies.

The project aims to help manufacturers, integrators, and business partners fight counterfeit hard drives. It will combine IBM Blockchain Platform, Seagate’s advanced “electronic fingerprinting” and product tracking to help prove provenance over hard drive life cycle.

According to the official release, Seagate will update product authentication data on the IBM Blockchain Platform on the IBM Cloud at the point of manufacture. Using this unique identifier, which serves as an electronic fingerprint, the identity of a hard drive can be verified at any time during its product life cycle.

Various stakeholders, such as technology vendors, service providers, and end users, would be able to confirm a product’s provenance on the blockchain throughout its lifecycle. This, in turn, can help reduce data loss, fraudulent products and warranty costs, while improving product assurance for customers during deployment.

“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 life cycle management processes,” said Bruce Anderson, global managing director, electronics industry, IBM.

Anderson told CoinDesk that utilizing a blockchain platform can help enhance supply chain processes in general by streamlining or eliminating paperwork.

"This presents a great opportunity to take out a ton of manual administrative cost, or even just losses," he said.

Seagate and IBM expect to expand the business network to include participation from supply chain partners. Anderson said that IBM has already reached out to a number of manufacturers to gauge interest in using blockchain technology to track products.

"We've actually exposed the solution to a number of manufacturers, not only of drives, but other electronic equipment. Obviously folks are waiting for a standard to approach. The good news is the electronic industry is good at settling on a standard," he said.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $4,033.32 (-0.25%)
  • Ethereum (ETH) $138.96 (-0.71%)
  • XRP (XRP) $0.315800 (-0.60%)
  • Litecoin (LTC) $59.45 (-1.79%)
  • EOS (EOS) $3.73 (-0.60%)
  • Bitcoin (BTC) $4,033.32 (-0.25%)
Mar 19, 2019 (Tuesday)
11:32
Crypto wallet Ledger Nano S receives CSPN certification from French cybersecurity agency
10:43
CoinMarketCap adds Flipside’s Fundamental Crypto Asset Score to its platform
09:55
Crypto exchange Bithumb plans to lay off 50 pct of employees
08:55
Japan to implement new rules for cryptocurrency margin trading
07:08
U.S. National Pork Board partners with ripe.io to pilot blockchain technology
06:11
IBM seeks to transform cross-border payments with Blockchain World Wire
05:08
Sri Lanka-based Hatton National Bank partners with Infosys Finacle to pilot blockchain-based trade finance network
04:20
Blockchain information platform CoinNess closes Series A funding
03:44
Samsung SDS unveils ‘Deliver’ – a platform connecting different blockchain platforms
Mar 18, 2019 (Monday)
11:26
German crypto startup Donut secures $1.8M in seed round
10:46
Italian asset management firm AcomeA trials blockchain technology for distribution of funds
09:44
American Bar Association publishes white paper on cryptocurrencies and digitized assets
09:05
XRP, Ether, TRON and others among 58 cryptocurrencies included in ICE’s data feed
07:09
South Korean government seeks 30 people for Blockchain National Participation Evaluation Team
06:19
Former Mozilla executive joins Stellar Development Foundation as Executive Director and CEO
05:57
Blockchain Life 2019 comes to Singapore for its third international edition
05:12
Australian government to develop national blockchain strategy
04:14
U.S. SEC to host DLT and digital asset-focused public forum in May
03:48
Canadian regulators seek to introduce regulatory framework for crypto-asset trading platforms
Mar 15, 2019 (Friday)
11:26
Crypto investment firm Paradigm leads Tendermint’s $9M Series A round
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft