OTT-One develops a document management system based on blockchain technology

OTT-One has received an order worth approximately HUF 280 million from DocFinIT Ltd. for the execution of design and development of a document management system based on blockchain technology. In addition, under the contract, OTT-One also got resale rights for the blockchain based document management system.

The contract consists of two parts: first, OTT-One undertook to execute the technical design of the blockchain based document management system. Then, the development of components based on blockchain technology and the various IT security backend modules will begin.

Thanks to the developments, a document management system with high-tech security solutions will be created. Due to these developments, it is impossible to exchange or to garble the documents.  Furthermore, as a result of the improvement the permission settings won’t be possible to modify without a trace.

According to Gergely Vesszős, blockchain expert of OTT-ONE, the combination of blockchain-based security technology and document management solutions could result in a highly secure system which provides an effective answer against present challenges related to safe document management.