Samsung SDS Co. has launched a web-based ‘paperless’ service that makes use of blockchain expertise to prevent document forgery.
The service permits the secure administration of varied paperwork, with out the necessity for separate system setup, via a reference to the usual utility programming interface (API) operate.
The IT service unit of Samsung Group encrypts knowledge on a devoted server and data the hash values for such paperwork and knowledge within the blockchain system.
The document’s historical past is recorded within the blockchain system in real-time, thereby guaranteeing the integrity and transparency of the info.
Samsung SDS has utilized the service in numerous areas, together with certificates administration, in-house voting, and contracts for workers.