Polaris Share

Polaris

<p>South Korea-based document management software firm Polaris Office announced the 10th anniversary of its office software (SW) cloud service launch, <a href="https://www.news1.kr/articles/5405521" rel="noopener noreferrer nofollow">according to</a> local media News1. Reaching this milestone has coincided with the rising price of its native token, POLA. At the time of writing, POLA is trading at KRW 48.89 ($0.04), up 13.99% from the previous week.</p><p>The 10th anniversary of its service launch appears to be a direct cause behind this recent rise in POLA prices, despite the recent downturn in the crypto market. The company said that it recently held an AI (artificial intelligence) talk concert to celebrate its 10-year milestone.</p><h3 id="pola-as-rewards-for-sharing-knowledge">POLA as rewards for sharing knowledge</h3><p>Launched in 2020, POLA tokens are distributed as a reward within its platform, Polaris Share Service, which the company describes as “the distributed trading system of incentive knowledge.” Here, users can earn POLA by creating content and sharing knowledge on the platform.</p><h3 id="cloud-based-document-management-software">Cloud-based document management software</h3><p>Polaris Office offers a cloud-based service that allows real-time document editing on various operating systems (OS) including mobile, web office, Windows and Mac. Since the outbreak of the COVID-19 pandemic, the company has experienced significant growth in its sales, recording an all-time high annual sales last year. This growth is attributed to the increased adoption of hybrid work environments.</p><p>By consolidated standards, Polaris Office recorded KRW 107.9 billion in sales, KRW 6.2 billion in operating profit and KRW 24.4 billion in net profit, marking YoY increase of 346.1%, 277.1% and 91.2%, respectively.</p><h3 id="joining-government-led-document-ai-project">Joining government-led document AI project</h3><p>Meanwhile, Polaris Office has been designated as a participatory company in the “SW Computing Industry Source Technology Development Project” led by the Ministry of Science and ICT of Korea, as <a href="https://coinnesslive.page.link/7omgZF1n8wyuGAgi9" rel="noopener noreferrer nofollow">reported</a> by crypto media CoinNess on April 15. In this project, Polaris Office is expected to contribute to advancing the document AI technology.</p>

Polaris Office marks 10th anniversary, POLA rises 14%

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