SEOUL, July 9 (Korea Bizwire) — Samsung SDS Co., an IT service unit of Samsung Group, has launched a web-based ‘paperless’ service that makes use of blockchain know-how to forestall doc forgery.
Without the necessity for separate system setup, the service permits protected administration of assorted paperwork, together with contracts, consent agreements and certificates, by way of a reference to the corporate’s commonplace utility programming interface (API) operate.
The firm encrypts knowledge comparable to large-capacity paperwork and delicate private data on a devoted server and data solely the hash values for such paperwork and knowledge within the blockchain system.
The doc’s historical past is recorded within the blockchain system in actual time, thereby guaranteeing the integrity and transparency of the info.
Samsung SDS has made use of the brand new service in numerous areas, together with annual contracts for workers, in-house voting and certificates administration.
Kevin Lee ([email protected])