KT Sets Up Blockchain-based E-Document Platform | Be Korea-savvy

KT Sets Up Blockchain-based E-Document Platform

This file photo, taken July 5, 2020, shows KT Corp.'s office in central Seoul. (Yonhap)

This file photo, taken July 5, 2020, shows KT Corp.’s office in central Seoul. (Yonhap)

SEOUL, Sept. 2 (Korea Bizwire)KT Corp., a major South Korean telecom operator, said Wednesday that fourteen companies were participating in the launch of the ‘E-document Digital Transformation (DX) One Team’ to promote the rollout of e-document services.

The mobile carrier will develop a blockchain-based e-document platform by leveraging its existing capability in digital platforms.

The new platform will manage the entire lifespan of e-documents ranging from creation to storage, distribution and application. KT will provide the platform to other members of the team.

By using the platform, the participating companies will pursue a variety of e-document services that would be best-optimized for their respective customers.

The E-document DX One Team set its primary goal to convert 4.5 billion paper documents into e-documents per year.

KT stressed that if the primary goal is achieved, it would have the effect of reducing carbon emissions by 129.6 billion tons every year.

Kevin Lee (kevinlee@koreabizwire.com)

One thought on “KT Sets Up Blockchain-based E-Document Platform

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