But when asked who was investing what must presumably be large sums of money into this counterfeiting activity, Seagate clammed up.
"Seagate declines to speculate on how the counterfeiters work. Through this project, Seagate and IBM are working to help reduce the global counterfeiting issues in the industry," was the response received from the company.
iTWire made the following inquiries:
- The people who are counterfeiting hard drives must be wealthy. Do they have their own factories to do this?
- Or are they buying unaccounted stock from factories owned by known manufacturers?
- What kind of margins do they make on a drive?
- Which countries are they based in?
The initial statement about the alleged counterfeiting had big bold headlines which screamed: "Seagate and IBM work together to help reduce global hard drive counterfeiting with Blockchain Technology."
And a secondary heading said, in sligjhtly smaller type: "Project combines IBM Blockchain Platform, Seagate’s advanced 'electronic fingerprinting' and product tracking to help prove provenance over hard drive life cycle."
Suffice to say that after the exchange with Seagate, we are not in any way wiser as to how this hard drive counterfeiting takes place.
And since we have no idea about that, it seems a tad silly to say how it is being prevented. After all, the event has to first occur in order to be prevented.