The adoption of blockchain technology in various fields has been growing so rapidly, that it is now being used on critical tasks like protecting the environment.

KT Corp, one of the leading telecommunications companies in South Korea, is leading the way in this adoption. The company has recently announced that it is planning to establish a digital documentation service that would use blockchain tech to push its ambitious green goals.

The company has a massive presence in South Korea, providing 90% of the country’s fixed-line mobile networks and 45% of the country’s internet services.

A green light for green goals

KT Corp’s document, which is titled “E-documentation Digital Transformation (DX) One Team”, will be a joint effort among 14 businesses that would help the telecommunications company reduce its carbon footprint.

If everything goes well, KT will be able to digitize all its paper-based documentation processes from creation, storing, and distribution. Everything will be literally paperless.

Its goal is certainly a herculean task. The company is aiming to convert 4.5 billion paper documents into digital form each year, which would enable it to reduce its carbon footprint by 129.6 billion tons.

If the demand for paper could only be reduced, then carbon emissions could be significantly reduced as well, and this could only be done by pushing digitized documents on companies.

Paperless

Last March 2020, KT rolled out a blockchain-powered platform called Paperless, which aims to help businesses digitize their paper documents.

“We expect KT Paperless Service to reduce corporate document management and costs so that it will improve the business process as well,” Yoon Dong-Sik, a KT Corp official, said.

VeChain, a supply management platform, has launched a program that uses the power of blockchain to help track businesses’ carbon impacts.