Most audiotape erasers, tape recorder head demagnetizers, cathode ray tube degaussers, and watch demagnetizers work on the same principal. They have a wire coil that you pass alternating current through. They may use the 60 Hz. AC current from a wall plug or the higher frequency from an oscillator. This produces an electromagnet that changes in magnetic north and south polarity many times per second. You demagnetize the metal object by turning on the demagnetizer, moving it slowly over the object, and then slowly moving it away. When the demagnetizer is close to the object, it will rapidly magnetize the object, first in one direction (polarity), then in the other direction. As you move the demagnetizer away from the object, the amount the object is magnetized as it changes polarity will decrease with distance. When the demagnetizer is far enough away from the object (a few feet) you can turn it off. The object will be demagnetized. Im not sure if a tape eraser will be strong enough to demagnetize your blade. Good Luck!