A durable medium is entering a new stage of development in Poland. Thanks to the unique combination of blockchain technology and WORM storage in the cloud, the solution created by KIR in partnership with Hitachi and with the participation of OChK and IBM can be used by Polish companies for fast and secure electronic distribution of private documents. PKO Bank Polski was the first to make this tool available in contacts with its clients.
Durable medium is the future of digitization when it comes to contacts with customers. Under regulatory requirements, the tool ensures that documents are invariable and irremovable, while alerting the users to any instances of their dispatching. It enables each and every customer document, from the first version to the latest, to be stored in a safe and secure way and to be accessible at any time from anywhere, even after the end of the contract. Thanks to the cooperation of KIR, Hitachi, Operator Chmury Krajowej (OChK) and IBM, the first such cloud-based solution is now available in Poland, uniquely combining blockchain and WORM technologies.
A durable medium allows the distribution of private documents relating to specific users, in compliance with all legal requirements, including GDPR. The clients of a given institution will be able to log in to a dedicated portal and immediately gain access to all information. Whats more, they will also be able to make sure that files have not been changed without their knowledge - this functionality is supported by blockchain technology.
Durable medium from KIR
In 2018, KIR, together with PKO Bank Polski, IBM and Accenture, developed a durable medium using blockchain technology. Its implementation at PKO Bank Polski was the first practical implementation of this technology in the Polish financial sector. Due to the legal conditions related to distributed registers, this version of the durable medium could only be used for the distribution of non-individualized public documents, such as banking regulations.
KIR's durable medium is available in a full range of functionalities. The launch of a version based not only on blockchain, but also on an object storage with WORM technology, makes it a tool that meets all legal requirements for the distribution of bank documents in Poland. Its usefulness can also be used by companies from many other industries that have and use sensitive information. In addition to banking, these include medical, telecommunications and insurance sectors.
The latest version of a durable medium from KIR is a versatile tool that offers comprehensive electronic distribution of documents of all types. Thanks to the simultaneous use of the WORM storage in cloud, blockchain technology and trust services, a system unique on a European scale was created. Our solution enables safe and convenient transmission of public information, such as price lists and service regulations, as well as private documents assigned to specific users. The first implementation of this solution in the largest retail bank on the market is an indication of further dynamic development of digitization processes in the Polish economy - says Piotr Alicki, President of the Management Board of KIR.
How does KIR's new durable service work?
The use of blockchain technology enables easy verification of the originality of documents, both by any interested entity and a private person, in a dedicated service portal. The immutability of each document is controlled by the electronic decentralized register from the beginning of the solutions operation. The durable medium uses a retention module that allows you to store documents for the time required by regulations. The requirement of invariability and immovability of documents is ensured by the WORM storage. The key element of the solution is also the business engine, i.e. the service layer integrating WORM and blockchain technologies, and the presentation layer (bank's internet banking, KIR portal) implementing all necessary processes related to the publication of documents on a durable medium. Thanks to this combination of several technologies, the new durable medium service from KIR meets all the conditions set by the regulator and may replace other forms of paper communication. Thus, it opens banks in Poland for a digital tomorrow, helping them to replace traditional methods of contacting customers with fully electronic solutions.
The practical and cost-effective implementation of this solution by end-users is possible thanks to Operator Chmury Krajowej, which has implemented one of the largest WORM storage instances in the country in its two processing centers. OChK not only provides secure storage for WORM, but also provides a comprehensive container platform for a durable medium business application.
The private blockchain network functioning in the solution was created in cooperation with IBM Poland. The use of the opensource Hyperledger Fabric technology guarantees the banks transparency towards the client.
The heart of the solution is the WORM (Write once, read many) object storage from Hitachi, which ensures the immutability and immovability of the documents stored on it, as well as the invariability of the metadata describing them, while maintaining the requirements of the GDPR - explains Tadeusz Woszczy ski, Country Manager Poland, Austria, Czech Rep., Slovakia & Baltics at Hitachi Europe Ltd. As part of the project with KIR, we also delivered a HCPortal application, which is the business engine of the solution. Everything has been implemented in the cloud and integrated with the HLF blockchain network, in which the checksum of published documents is stored. Thanks to this connection, the banks client can be sure that the document, e.g. a statement, has not been subjected to any interference - which can be confirmed at any time by verification - and
Most recent headlines
04/08/2024
Dalet, a leading technology and service provider for media-rich organizations, is excited to announce Santiago Solanas as its new Chief Executive Officer (CEO)....
03/06/2024
Dalet, a leading technology and service provider for media-rich organizations, a...
28/04/2024
Mediahaus delivers the first SRT live-streaming sports production over 5G with U...
27/04/2024
On April 26, L3Harris Chair and CEO Christopher E. Kubasik joined CNBC's Mor...
27/04/2024
PORTLAND, Oregon Audinate Group Limited, the developer of the Dante AV-over-IP solution, announced significant new additions to Dante Connect, its cloud-based D...
27/04/2024
TORONTO Bell Media has launched 10 English and French-language FAST channels featuring entertainment, factual, news, and sports programming. The new free stream...
27/04/2024
An extensive new analysis of the news segments in the broadcast evening news programs of ABC, CBS, NBC and PBS has found that broadcasters devoted most of their...
27/04/2024
GERMANTOWN, Md. EchoStar's Hughes Network Systems has opened a new manufacturing facility and private 5G incubation center in Germantown, Maryland....
27/04/2024
Harry Pappas, one of three brothers who founded Pappas Telecasting Companies in 1971, died April 24. He was 78 years old....
27/04/2024
ATLANTA and LONDON Mexican telecommunications and broadcast company Televisa has selected Synamedia for an overhaul of its broadcast distribution....
27/04/2024
Participate in the Survey - The Impact of AI on Media and the Creative Industry
Pascal Wagner April 26, 2024
0 Comments
By participating in this surve...
27/04/2024
SDVI Rally Access Workstation Earns Two Top Awards at 2024 NAB Show
Brie Clayton April 26, 2024
0 Comments
SDVI, the leading platform provider for clo...
27/04/2024
Berklee's Music and Health Institute Launches Community Health Musician Cert...
27/04/2024
Charter Communications reported higher first-quarter profits despite continued cord-cutting and competition for broadband customers....
27/04/2024
Two environmentally-focused groups are partnering to engage the unscripted TV world in finding better ways to address climate change. Reality of Change is an ec...
27/04/2024
Sarah Garcia has been promoted to weekend anchor at KTLM McAllen, Texas, known as Telemundo 40. Starting April 27, she will anchor Noticias Telemundo 40 weekend...
27/04/2024
CBS Sports said it launched a new 24-hour free, ad supported streaming television (FAST) channel devoted to the UEFA Champions League....
27/04/2024
Comcast chairman and CEO Brian Roberts received $35.4 million in compensation in 2023, up 11% from the previous year, according to a proxy statement filed by th...
27/04/2024
Art Happens Here With John Lithgow, which sees the actor study dance, ceramics, silk-screen printing and vocal jazz with students in Los Angeles, debuts on PBS ...
27/04/2024
Remember Leave It to Beaver? Bewitched? Dragnet? When cable ratings were rising?...
27/04/2024
Next up for the weekend binge at Catchy Comedy is Gomer Pyle, U.S.M.C. Every weekend, Catchy Comedy features The Catchy Binge, a marathon of a classic sitcom....
26/04/2024
Sundance Film Festival CDMX 2024 kicks-off today with screenings in 5 theaters in Mexico City and the opening-night film, FRIDA, directed by Carla Guti rrez...
26/04/2024
[Editor's Note: This interview is part of a larger feature about the women d...
26/04/2024
Once again this year, SGL Carbon opened its doors to interested children and young people. On the occasion of the German Girls and Boys Day, which took place on...
26/04/2024
Orders1 of $5.5 billion; book-to-bill of 1.06x
Revenue of $5.2 billion, up 17%,...
26/04/2024
Five Considerations For Communications Modernization In The 21st Century
In the digital-enabled battlespace, the Joint Force needs to shoot, move and communica...
26/04/2024
CBS Sports has launched Champions League as a new, 24-hour streaming channel that will serve as the year-round destination for nonstop highlights of the UEFA ...
26/04/2024
Despite tough competition in the streaming space, Roku reported solid results in Q1 2024, beating revenue expectations, with total net revenue up 19% YoY to $88...
26/04/2024
LONDON AND TORONTO Pinewood Toronto Studios has appointed Sarah Farrell as general manager of the Studios in downtown Toronto....
26/04/2024
Quantum to Offer Advanced Filesharing Technology and Performance in StorNext and...
26/04/2024
FilmLight Colour Awards welcomes 2024 entries and introduces new Emerging Talen...
26/04/2024
Picture Shop Announces Chris Evans as Head of Unscripted
Brie Clayton April 26, 2024
0 Comments
Picture Shop announced Chris Evans will lead Unscripte...
26/04/2024
Participate in a Survey - The Impact of AI on Media and the Creative Industry
Pascal Wagner April 26, 2024
0 Comments
By participating in this survey,...
26/04/2024
Toy maker Mattel said it is working with Samsung to launch its first free ad-supported streaming television (FAST) channels later this year....
26/04/2024
Trusted Media Brands (TMB) said it named Marty Moe as president....
26/04/2024
Ron Howard is the director on Jim Henson Idea Man, a documentary that premieres on Disney Plus May 31. Henson of course created Kermit the Frog, Miss Piggy, Big...
26/04/2024
The ice continues to melt under the regional sports network business as the Seattle Kraken of the National Hockey League have made a long-term deal to broadcast...
26/04/2024
Heading into the upfronts, Warner Bros. Discovery said it launched Olli, a first-party data platform advertiser can use for converged, targeted advertising camp...
26/04/2024
CBS has renewed the drama The Equalizer, which will see season five on in 2024-2025. Queen Latifah stars....
26/04/2024
The CW has entered into an exclusive multiyear broadcast partnership for the Miss USA Pageant and the Miss Teen USA Pageant. The 73rd Miss USA Pageant will air ...
26/04/2024
Fuse Media isn't mincing words in a campaign urging its young viewers to register and participate in the 2024 elections....
26/04/2024
Dead Boy Detectives, a series from Neil Gaiman about a detective agency staffed by ghosts, debuts on Netflix April 25. George Rexstrew and Jayden Revri are in t...
26/04/2024
The Story Collective has gradually repurposed the former Mortlake Brewery to include production offices, workshops and sound stages
By Matthew Corrigan
Publi...
26/04/2024
Perkett joins the company following a 25 year career in product management, product marketing, engineering and user experience (UX) across multiple industries
...
26/04/2024
Teradek, the industry leader in wireless video transmitters and receivers, announced today the launch of new Bolt 6 LT 750 and Bolt 6 Monitor Module 750 RX with...
26/04/2024
NEW YORK Amagi has appointed Richard Perkett chief product officer (CPO)....
26/04/2024
WASHINGTON, D.C. The National Association of Broadcasters (NAB) has announced the results of the 2024 NAB Radio and Television Board of Directors elections. The...
26/04/2024
EL SEGUNDO, Calif. & NEW YORK Mattel has announced a deal to launch its first three 24/7 free ad supported streaming (FAST) channels on Samsung TV Plus, Samsung...
26/04/2024
PORTLAND, Maine Viewers here can now receive the NextGen TV signals of five local stations with the launch of ATSC 3.0 service from host station WPFO, which is ...
A durable medium is entering a new stage of development in Poland. Thanks to the unique combination of blockchain technology and WORM storage in the cloud, the solution created by KIR in partnership with Hitachi and with the participation of OChK and IBM can be used by Polish companies for fast and secure electronic distribution of private documents. PKO Bank Polski was the first to make this tool available in contacts with its clients.
