Xerox to create a blockchain system that will streamline paperwork

Xerox, the company most known as the printers and copiers manufacturer, has demonstrated that it follows the current technological trends and wants to use advanced solutions in its products, even if they are not directly corresponding with their main line of business. Two new curious applications (METHOD AND SYSTEM FOR SERVER BASED SECURE AUDITING FOR REVISIONING OF ELECTRONIC DOCUMENT FILES and SECURE REVISIONING AUDITING SYSTEM FOR ELECTRONIC DOCUMENT FILES) lately appeared on the website of the U.S. Patent and Trademark Office (USPTO).

One of them describes an auditing system for electronic documents. Here we once again see how blockchain is planned to use for discrepancy prevention – the system instantly checks back the corresponding records and alerts the user if his data is invalid. Furthermore, it is designed to prevent data manipulations for unlawful purposes. Of course, the data will be cryptographically encrypted.

The second one is very similar to the first one and describes not a system, but rather a method of server-based auditing for revisioning electronic documents. Once again, the block validation is mentioned.

This technology is certainly very modern and up-to-date, but in which spheres can it be implemented? Xerox answers this question by suggesting it can be used both in regional hospitals and international corporations. Apart from this, Ritesh Gandotra, director of global document outsourcing for Xerox India, lately posted in his blog that the current healthcare systems need decentralization as well as good regulation of health records, so blockchain might come in handy in this sphere.

We have already seen applications sent by NASDAQ and Mastercard, but these technologies will help businessmen and market participants more than doctors. Good to know that some corporations search for new uses of blockchain that will optimize and improve something other than financial sphere.