KT Launches One-Stop Electronic Document Service 'Paperless'

[Asia Economy Reporter Koo Chae-eun] KT is launching an integrated platform called ‘KT Paperless’ on the 30th, which enables the creation (contract), distribution (registered delivery), and storage (document preservation) of electronic documents based on blockchain technology.

KT Paperless consists of three services: ▲Electronic Contract ▲Electronic Registration ▲Electronic Document Storage. KT will provide the electronic contract service free of charge for one month to subscribers who sign up by April 30, to support companies and individual business owners facing difficulties in contract work due to the spread of COVID-19.

The KT Paperless electronic contract allows users to complete contracts and subscriptions by simply verifying their identity using the existing contract form. Once a contract is made, the Time Stamping Authority (TSA) service verifies whether the document has been tampered with.

For franchise agreements, labor contracts, or cases where many contracts of the same form are signed at once, up to 5,000 contracts can be created by uploading the contents of an Excel file without having to draft each contract separately. Additionally, a subscription service is provided for hospitals and clinics requiring patient consent, as well as academies and gyms that need to manage members.

Yoon Dong-sik, Head of KT Cloud/DX Business Unit (Executive Vice President), said, “We expect the KT Paperless service to reduce document management tasks for companies and individual business owners, thereby cutting costs and transforming business processes. KT will continue to introduce digital transformation services that enhance work efficiency based on innovative ICT such as blockchain and artificial intelligence.”

This content was produced with the assistance of AI translation services.