Thursday , 20 September 2018
Home >> S >> Security >> Could these grain-sized computers using blockchain networks thwart counterfeiters?

Could these grain-sized computers using blockchain networks thwart counterfeiters?

Within five years, IBM researchers hope to deploy granular microcomputers that, in conjunction with a blockchain electronic ledger, could be used to verify and track goods all over the world.

IBM has created a microcomputer technology called cryptographic anchors (abbreviated: crypto-anchors) and says they could be used to authenticate anything from pharmaceuticals to luxury goods, such as diamonds, from point of origin to merchant.

Fraud costs the global economy more than $600 billion a year, according to IBM, and in some countries, nearly 70% of certain drugs are counterfeit.

Supply chains can be made up of dozens of entities – from shipper to exporter, importer and freight forwarders – all from multiple countries. As goods move from port to port, criminals have numerous opportunities to tamper with products.

close
==[ Click Here 1X ] [ Close ]==