Samsung launches “Paperless” service
- (Samsung of South Korea sold its laser printer/MFP plant to HP in 2017 for $1.05 billion, and HP sold plant to Foxconn in May, 2021)
- The SDS division of Samsung, which handles information and communication
technology, launched “Paperless”
- Goal is to provide reliability and transparency of documents in cloud environment
- Is a cloud-based blockchain-as-a-service (BaaS) solution
- Manages sensitive documents on blockchain to prevent forgery and falsification
- Enables documents to be disposed of after a certain period of time by encrypting and storing info in a separate server, only keeping the hash value of each data on the blockchain
- Pricing not announced