Universal Unique Identifier (UUID) error during 12c RAC Installation

During installation of 12.1.0.1 (12c) grid infrastructure (RAC or standalone), prerequisite check screen may show a warning for “Device Checks for ASM”, stating:
Cannot verify the shared state for device /dev/oracleasm/disk/<ASM Disk> due to Universally Unique Identifiers (UUIDs) not being found, o