Samsung SDS has announced the launch of its new service, Paperless, which uses blockchain technology to solve falsification issues and document forgery. The latest utility in Samsung's cloud-based Blockchain-as-a-service (BaaS) business safely administers a wide range of documents that are susceptible to falsification and forgery like certificates, consent forms, and contracts, with the help of blockchain technology.
Senior Vice President and Leader of DT Platform Business Unit at Samsung SDS, Jeanie Hong stated:
Starting with the launching of Paperless service, we plan to provide a wide range of cloud-based blockchain services including identity authentication and payment to deliver new values for our clients.
Samsung SDS implemented the off-chain technology to the Paperless resource which encrypts and reserves data like a large volume of documents or sensitive personal information at a separate server and registers each data's hash value only on the blockchain. This facility can control documents that are required to be deleted after a certain period and also aid in tackling the slowdown of transaction speed of blockchain that occurs because of a substantial amount of data.
It can also be used for various purposes such as voting or proof documents. Additionally, it can assist in ensuring the transparency and reliability of data due to the fact that all data history is registered on blockchain in real-time.
Currently, Paperless is available in the "My Trial" section on the Samsung SDS website.