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Why I’m Using Bitmarks on my Products « bunnie's blog

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I hadn’t heard of Bitmark but it’s an interesting use of a blockchain for a non-currency use case.

Most people are familiar with blockchains through Bitcoin. Bitcoin uses the blockchain as a public ledger to prevent double-spending of the same virtual coin. This same public ledger can be applied to physical hardware products through a bitmark. Products that have been bitmarked can have their provenance tracked back to the factory using the public ledger, thus hampering cloning and warranty fraud — the physical equivalent of double-spending a Bitcoin.

This seems like a good solution to this problem.

Posted on October 19, 2017

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