Securing Physical Assets on the Blockchain
Thomas Hepp, Patrick Wortner, Alexander Schönhals, Béla Gipp · 2018
The use of blockchain technology to track physical assets is not new. However, the state of the art concepts are not applicable due to several limitations. One limitation is the scalability of blockchains with regard to the number of transactions that can be processed by the network. The well-established technology in tracking products is based on RFID chips that can be cloned. This paper provides insights into how objects can be protected and monitored by a varnish with a unique crack pattern, as an example of a Physical Unclonable Function. The perceptual hash of the unique pattern is used to encrypt the associated data to ensure privacy. Instead of logging each event on the blockchain individually, which is not possible due to the limited transaction throughput, OriginStamp is used to preserve data integrity on the blockchain. OriginStamp aggregates events, combines them through hashing and embeds this hash into a Bitcoin transaction. Once the Bitcoin network mines the transaction into a block and confirms it, the timestamp is considered as immutable proof of existence. With this approach, the integrity of tracking data cannot be contested.