Lenovo wants to use blockchain for Physical Document Validation

Lenovo wants to use blockchain for Physical Document Validation

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February 28, 2018 Blockchain Magazine
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The Chinese company Lenovo that manufactures electronic devices as laptops and smartphones has shown its interest in accepting blockchain technology. Sure the company thinks of increasing its reputation and market value by implementing the effectiveness of blockchain. Lenovo has decided to use blockchain for verification of physical documents, and with blockchain, there would be no
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The Chinese company Lenovo that manufactures electronic devices as laptops and smartphones has shown its interest in accepting blockchain technology. Sure the company thinks of increasing its reputation and market value by implementing the effectiveness of blockchain.

Lenovo has decided to use blockchain for verification of physical documents, and with blockchain, there would be no chance of any troubles while authorizing the documents. Using the blockchain, Lenovo will bring the use of digital signatures as an ultimate solution to verification. This way, the encoded form of signature will help significantly to verify the authenticity.

In the further process, the assigned machine will perform the decryption process of signatures that will later be used for verification purposes. It will surely lessen the chances of fraud and similar factors by decoding the signatures and match them with the actual user’s documents.

The firm also cleared out that the use of blockchain technology will be to maintain a database. This database will include the list of records that are continuously growing up so it will keep from the hassle of data lost or any revisions. They also made it clear that updates will be made time to time, so it matches with the real-time status of the users.

The company is determined to use blockchain for the security purpose that will keep users’ data secure. There will be fewer chances of forgery, and if it ever arrives, then it will be stored as an orphaned block. This security factor will be able to help the firm with the users’ records, and it will be beneficial to all.

Now, no ink can change the data or put it incorrectly as Lenovo is making efforts to put the innovation that will keep all frauds at bay. Lastly, in addition to all legendary companies who are making their way to the blockchain, Lenovo is also one of them now.

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