Paperless Environment: Is it really the time to bid farewell to paper? – Part 3

Currency, the instrument we all use in purchasing or selling anything, is another object that will be hard to subdue. Financial services companies like American Express and MasterCard have been investing every ounce of their energy to replace the conventional paper currency with plastic ones, and Google has joined the club with its electronic currency instrument called the Google Wallet, but the world is too slow to catch-up with their pace.

Book keeping has gone electronic in lairs of governments but not all have adopted the same technology. Though electronic transactions and file transfers are cheap and instant, the use of paper is still intact in financial trenches. Some companies keep paper-based documents as back-up though it is considered the last resort in case something drastic happens in the future.

Another usage of paper that ensures its longevity is its portability and mouldiness. I am sure there is not tablet in the market yet that can be turned two or four fold to fit the trousers pocket. Well, a paper can do that and it has been doing it for centuries, in addition to rolling it and rolling it and folding it.

Short URL: https://www.newspakistan.pk/?p=16043

Posted by Usman Khalid on Mar 16 2012. Filed under Sci-Tech. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.