US data storage company Seagate Technologies announced on Thursday that it was working on a joint project with tech giant IBM (NYSE:IBM). The companies will develop solutions to address the problem of hard drive counterfeiting by leveraging blockchain and security technologies. Under the project, manufacturers, integrators, and partners will work together to reduce counterfeit hard drives with the help of IBM Blockchain Platform. The parties will apply distributed ledger technology (DLT) to authenticate the origin of disk drive products.
IBM Blockchain Platform is IBM’s flagship DLT product. It was developed based on the Hyperledger Fabric blockchain framework provided by the Linux Foundation. The platform enables network participants to add and monitor blockchain data in accordance with their level of permissioning. In the context of the current project with Seagate, IBM Blockchain Platform will help hard drive sellers, service providers, and product users to confirm the provenance on the distributed ledger, which ensures the immutability of event records. This approach might greatly reduce product counterfeiting, data loss, and warranty costs.
Bruce Anderson, global managing director of IBM’s electronics business, commented:
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