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Hitachi Develops Electronic Signature Service That Eliminates Personal Seals By Using Blockchain Technology
Summary: According to Japan Today, Hitachi Ltd says it has developed the Hitachi Electronic Signature Service, which implements secure electronic contracts based on blockchain (distributed ledger) technology. The service digitizes the signatures and seals of paper documents such as contracts exchanged between companies, and promotes to eliminate personal seals. The use of blockchain guarantees the authenticity ...
According to Japan Today, Hitachi Ltd says it has developed the Hitachi Electronic Signature Service, which implements secure electronic contracts based on blockchain (distributed ledger) technology. The service digitizes the signatures and seals of paper documents such as contracts exchanged between companies, and promotes to eliminate personal seals.
The use of blockchain guarantees the authenticity of signature information and improves resistance to data tampering. Hitachi said the service provides stable system operation by using the Hitachi Blockchain Service for Hyperledger Fabric for its blockchain platform. It is suitable for transactions between multiple corporations and has also been used for traceability systems in inter-company supply chains.
Hitachi started to operate the service at the procurement department at its head office this month. The company said it will launch sales to corporations in Japan after July. In the future, it plans to roll out to global corporations with a focus on North America.
by Sara Zhang
Tags: Blockchain,distributed ledger technology
Link: Hitachi Develops Electronic Signature Service That Eliminates Personal Seals By Using Blockchain Technology [Copy]
