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Samsung SDS, the Information and Communication Technology (ICT) division of Samsung, has launched a new service called Paperless, which aims to provide reliability and transparency of documents in a cloud environment.
Launched as a cloud-based blockchain-as-a-service (BaaS) solution for enterprises, Paperless manages sensitive documents such as contracts, consents and certificates on the blockchain to prevent forgery and tampering.According to the official statement announcement, The new service can be used in various fields, such as voting or tasks that require various supporting documents.
Paperless can also manage documents that need to be processed after a certain period of time by encrypting and storing sensitive or large-capacity data on a separate server, and only keeping the hash value of each data on the blockchain.
Since all data history such as the creation, revision and processing of documents are recorded on the blockchain in real time, this design combining on-chain and off-chain technology solves the problem of “slow blockchain transaction speed due to massive data” , The announcement reads.
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Samsung SDS added that the company applies paperless services to employee wage contracts, company-wide voting and certificate management to simplify complex processes.
The ICT subsidiary of this South Korean technology giant is a well-known explorer of blockchain technology.Last year, Samsung SDS announced that it will conduct a series of pilot projects for testing Blockchain-driven drug distribution management To ensure the transparency of tracking drugs.
Samsung itself is also a participant in the blockchain competition.The company previously applied for a patent Programmable Blockchain Solid State Drive (SSD) and switch, although this patent has not yet produced tangible results.
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