Yes, people have used various surplus parachutes as sea anchors. However, the
current commercial versions are already set up for
boating use with things like appropriate swivels, launching containers, attachment points for a float, etc. I'm sure you could get a surplus chute to
work, but you'd have to do some study and work to duplicate the effectiveness of the boating-specific ones. You have to really think about launching the thing--picture yourself on
deck, at night, in a gale, trying to launch a pile of light nylon and strings into the sea without getting tangled in the whole mess. The
boating companies have worked out how to do it safely.