IBM has announced a tie-up with Seagate Technology to reduce counterfeiting of hard drives by using blockchain and other security technologies. The collaboration will help business partners, integrators, manufacturers to fight the menace of duplicate hard drives. The IBM Blockchain Platform will bring a new level of multi-layered security to the product.
International Anti-Counterfeiting Coalition has presented a data with more than $1.7 trillion in value. Seagate will update the IBM blockchain platform on the IBM cloud with authentication data based on the Seagate secure electronic ID at the point of manufacture.
A unique identifier can be used to verify the identity of a hard drive at any time throughout the entire life cycle. The Seagate’s erase utilises the cryptographic erasure technology to data purge digital certificate, electronically signed by the Seagate Secure public key infrastructure and stored on the blockchain for compliance management with emerging data privacy laws.
IBM’s blockchain expertise powered by Linux Foundation’s Hyperledger Fabric ledger framework, the IBM blockchain platform is designed to allow network participants to append and view blockchain data based on their level of permission.
Bruce Anderson, MD, IBM said that blockchain technology can be extremely effective in confirming provenance and authenticity of assets. The ability to combine blockchain with advanced cryptographic product identification technology is what sets their work apart. Counterfeit electronic components are a global issue that requires an ecosystem-wide effort to address.