Blockchain Can Help Authenticate Ownership of Fashion Goods

Global Blockchain Technologies Corp. is partnering with Hewlett Packard Enterprise to build a storage market called Stratus.
The premise of Stratus is to allow businesses to buy and sell excess storage space less expensively than cloud storage — and if they have too much storage space, they can rent out the excess capacity. To keep data safe, it also plans to have clients encrypt the information and then “sharded” into several pieces for storage in separated facilities. That’s supposed to provide a level of security and prevent any single data host from compromising the information in storage.
And while Stratus’ focus is on storage capacity, Global Blockchain’s chief executive officer Shidan Gouran said blockchain itself is a network that can be used for multiple purposes across many industries, including fashion.
Global Blockchain is a Vancouver-based investment firm that is also a blockchain incubator. Stratus is built on the Laser Blockchain, the base of the distributed public blockchain network Ethereum.
Gouran said relying on blockchain for storage is “more secure than the current system,” and much harder to hack.
He spoke of how the system can be used in the area of e-health to store medical records. That storage would allow algorithms to be used to

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