Diamond Unclonable Security Tag (DUST) Ready To Add Physical Products on the Blockchain
DUST, a new blockchain company created by three physical scientists, has promised to let people put all kinds of objects on the blockchain. The new service, which is known as DUST Ledger, which helps the users to put any physical object on the blockchain, the company affirmed recently. DUST was recently acquired by SAP Cloud Platform Blockchain.
The system will use the Diamond Unclonable Security Tag (DUST) system, which will identify the unique object using a scanner. The object will then be tagged and you will be able to track it any place in the world.
If you want to use the services, you should know that they are everything but cheap. Users can start to use it with a $3,600 USD monthly plan, which puts the service considerably away from retail consumers.
Recently, DUST was able to gather $2.3 million USD in a funding round in order to keep developing its product. The main investors of the company were a venture capital company called Kleiner Perkins and an agency of the U. S. Department of Defense, Defense Advanced Research Projects Agency (DARPA). If the U. S. government is interested in this technology, you can bet it’s good.
The Creation Of The DUST System
Ophir Gaathon, one of the founders of the company, has devised the system originally for diamonds, which are his background. He has a Ph.D. in Applied Physics at the Columbia University and has partnered with Jonathan Hodges, an MIT professor with a Ph.D. in order to create this system and the company.
Initially, the duo united forces in order to discover how to use diamonds in quantum computers. However, it was clear from the start that they would also discover several other interesting applications for that since technology was very useful.
They decided to start a commercial application, then. First, they discovered how to nano-engineer diamonds at scale and then to create a technology that could communicate with them, finally building a platform for the users. The company used the Hyperledger Fabric blockchain in order to be the basis for the software interface and to store the data.
According to Gaathon, they looked at the security threats that could jeopardize defense systems and they discovered that, in several cases, there were issues with how the data was either difficult or impossible to link, trust and identify. Because of this, they decided to create this system.