Tech Company Seagate Trials Anti-Fraud Blockchain Tracking with IBM

Data storage mogul Seagate has amplified its blockchain work designed to gauge the fraud-fighting possibility of the technology.

Forbes reported that following on from a proof-of-concept that kicked off last year in collaboration with IBM, Seagate is transferring a blockchain-based product tracking trial to the pilot phase to asses how adaptable a potential live platform could be.

Seagate’s research group managing technologist of information security, Manuel Offenberg, told Forbes that, although the pilot isn’t introduced yet, the company has already gained approval.

The hard-drive monitoring blockchain initiative tracks products sent through various steps to the client. Any item returns are also monitored back to Seagate. In a real-world offering, this would offer assistance to guarantee that fake drives are not sent back in place of the veritable article.

Another potential use case for the platform, particularly in Europe under the 2016 General Data Protection Regulation, would be to confirm that any drives returned for defects or other reasons have experienced a conceivable “certified erase” process to expel any client information.

“When a drive … comes back as part of its returns process, if we can prove that the drive was cryptographically erased, and therefore, the information is no longer on the device, then, from a risk perspective, this reverse supply chain can treat that device differently,” Offenberg said.