IT startup Blocko has deployed blockchain-based document management system for Hyundai-Kia Motors

2018-11-22 12:56

On November 21, Blocko, an IT startup based in South Korea that builds AERGO, announced that it had successfully deployed a blockchain-based security contract and e-document management system for Hyundai-Kia Motors to help reduce costs and increase security around document management.

Currently, most companies use an electronic document management solution (EDMS) for in-house document management and operate a certified electronic document management system (AKA “public service station”).

Blocko built a blockchain-based integrated document management system for Hyundai-Kia Motors to solve the problems of existing paper document management systems. The platform was developed to reduce costs, scale out the backend infrastructure, increase system security and reliability, and integrate distributed networking technology across the whole company to reduce corporate fraud. The solution takes on the shortcomings and constraints of the existing paper-based system through an electronic document solution (EDMS, authorized electronic document repository).

The blockchain-based document management system allows employees at Hyundai-Kia Motors signing and viewing of pledge documents as well as permanent forgery protection and non-repudiation.

Earlier Coinstelegram reported that Blocko would provide a blockchain-based distributed storage platform to connect real estate registries to government network data with a blockchain ledger for the Korean Ministry of Land, Infrastructure, and Transport.

Additionally, Blocko has begun facilitating micropayments for the Bank of Korea while the bank is exploring blockchain-based micropayment settlement infrastructure. The bank is looking to find out how effective microtransaction settlements on distributed networks could be with regards to making transaction outputs happen faster and saving costs.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Independent Money System (IMS) на Currencies.ru

$ 0.0013059 (+0.76%)
Объем 24H $0
Изменеия 24h: 19.35 %, 7d: 23.85 %
Cегодня L: $0.0013059 - H: $0.0013059
Капитализация $7.011k Rank 2245
Цена в час новости $ 0.0044083 (-70.38%)

management document motors security hyundai-kia blocko deployed

management document → Результатов: 13


Ofcom Gets $700,000 BGP Grant To Study Blockchain for UK Telephone Numbers

UK Telecom Regulator Gets $700,000 GBP Grant To Study Blockchain The Regulators’ Pioneer Fund has recently announced that it would award Ofcom, a national telecommunications regulatory authority, with $700,000 GBP(about $915,000 USD) to study the blockchain technology in order to improve the UK telephone number management. Ofcom has released an official document in which it […]

2018-10-8 23:05


Фото:

Vietnamese Regulator Advises Firms and Funds to Keep Away From Crypto

The announcement follows a directive issued by the country’s prime minister earlier this year aimed at tightening what Vietnamese regulators call the management of crypto activities. The measure, referred to by local media as a ban, affects public companies, securities companies, fund management firms and securities investment funds. The document puts an emphasis on strengthening

2018-7-26 07:43