South Korea’s KT Corp, the country’s largest telecoms company, has launched a blockchain-based document platform called Paperless, according to a Korea IT Times report. The solution allows users to create, share and store electronic documents.
While digitization has numerous advantages, there are few tools available to verify the authenticity of digital information and that a document hasn’t been changed. KT Corp is leveraging blockchain to ensure the immutability of data, from the point of document creation to storage.
The Paperless platform, aimed at enterprise users, offers three services — drawing up a contract, registration of the document, and electronic storage.
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