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The American data storage company Seagate, known widely for its profound role in the tech industry, is reportedly being ready to enter into the next stage of its blockchain test, based primarily on traceability in its global supply chain.
In an interview, Manuel Offenberg, the Managing Technologist of Seagate’s Research Group revealed that the company has received the green light to pursue the next phase of the project – the pilot stage.
You will recall that the tech giant ventured into the blockchain world previously in 2018 when it joined forces with IBM to test the potential in the technology. Leveraging IBM’s blockchain, Seagate was able to complete the first phase of its experiment – Proof-of-Concept (POC) – and it is now ready to move on to the next. “We just went through an executive review on the next step, and the next step is starting a pilot with IBM,” Offenberg divulged.
According to Offenberg, this next stage is primarily focused on enhancing transparency and trust via blockchain technology. The company hopes to create a safe and transparent supply chain that will give every user the opportunity to track products from the place of production to the customers. This will not only increase the trust between the firm and its clients but it will also protect customers from being deceived.
Blockchain for Tracking and Validating Authenticity
Global trading has been of immense help but until now there was no way to tell how many stops the products have gone through to get to you. Making it easy for middlemen to manipulate the product and prices along the global supply chain.
Over the years, blockchain technology has proven to be useful in both the financial world and otherwise. Besides serving as the backbone of virtual currencies, this 21st century innovation can be used for a slew of other purposes, including aiding seamless tracking of goods as they travel through the global supply chain. Several companies have had their fair share of this particular distributed ledger technology potential and we hope to see many more.
Through this blockchain project, clients working with Seagate can ascertain whether or not they are receiving an original device or a counterfeit. The system also works as a two-way street, allowing Seagate to track the nature of products returned for one reason or the other. “We want to make sure that these devices have no PII [personally identifiable information] data on them,” Offenberg concluded.