Are We Finally On The Verge Of A Paperless World?

Growing up in the 1980s, I used to hear a lot of talk about a paperless office, especially with the advent of the Personal Computer. Subsequently it seemed like a pipe dream. Most key digital data was scanned or converted from its offline form, the latter which was never disposed of. Alternatively digital data was duplicated in the offline world and sometimes even came in triplicates

- Sunil Rajguru

The paper just piled up in the offices, godowns and landfills. The initial success of the Web also didn’t make that must of a difference towards this particular goal. But there has been a great deal of digitization in the 2010s now further accelerated by the Covid crisis. A look at progress on the paperless scene…

Money:

The financial system involved a lot of paperwork: Ledgers for the bankers and cheques for the customers, among other things. Online banking was a big step forward in that direction. In fact, many physical banks are shutting down all over the world. Then we had mobile money. That was the game changer because both the middle-class and the rural masses adopted it. Indeed there are many zones in the world today which have done away with paper money for their day to day sales. Banks also want to deal less and less with paper money. Some banks have tellers with handheld tablets conducting business. The future also looks paperless with the advent of blockchain and cryptocurrency.

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