A grinding wheel assembly for use in a sharpening system includes a grinding wheel configured to be mounted in the sharpening system to carry out sharpening operations in which the grinding wheel removes material from a blade to be sharpened, such as the blade of an ice skate. The grinding wheel assembly further includes an identification tag attached to the grinding wheel, the identification tag having (1) secure memory including a usage location for persistently and securely storing a usage tracking value, and (2) interface circuitry for engaging in communication with a transceiver of the sharpening system to enable electronic circuitry of the sharpening system to both read from and write to the usage location to track usage of the grinding wheel for sharpening operations. The memory may also store other data including user-specific system parameters usable to customize operation, and fault information usable to diagnose fault conditions.