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Fujitsu deploys blockchain against fraud

Fujitsu deploys blockchain against fraud

Fujitsu is going to use blockchain technology in two apps. DocumentFlow makes it possible to track and check documents in order to prevent fraud. With InvoiceFlow companies can prevent incidents with orders and invoices, including invoice fraud.

Fujitsu DocumentFlow is a blockchain-based application that checks the legitimacy of digital documents and content. This means that, for example, fake news or other content that has a negative effect can be filtered. Also, DocumentFlow tracks files so that it is always clear where and how a file has been modified or manipulated. This can lead to a clear reduction in fraud involving all kinds of documents. Examples include the modification of documents with copyrights or the modification of confidential business documents. The app actually gives documents a quality mark that the app recognizes as ‘correct’, so that changes will always stand out.

“By using unchangeable data in combination with automatic tracking, it is possible to gain immediate insight into any changes in a digital document of any kind. For example, removing DRM from a copyrighted media file, changing numbers in a spreadsheet or proposal, or making unauthorized changes to things like a CAD file, which can have unexpected consequences later in a production process,” says Frederik de Breuck, head of the Fujitsu Blockchain Innovation Center in Brussels.

Invoice fraud also tackled

InvoiceFlow is also based on blockchain and can connect invoices with the right orders. This is done according to the same principle as with DocumentFlow. This app prevents billing errors and helps combat invoice fraud. “This allows companies to have complete confidence in a digital file – and helps prevent fraudulent use, as it is easy to see that a file has been manipulated. (…) We use blockchain technologies to improve and complement existing technological solutions, enabling us to provide a reliable digital signature,” says De Breuck.

This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.