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Yes, you can digitize microfilm. You can transfer the film, which is on sheets or rolls, into digital images, thereby eliminating the need for microfilm hardware to read your rolls.
Microfilm is a reel of 16mm or 35mm film whereas Microfiche refers to a flat sheet of images.
Microfilm printers are designed to view and print microforms. They send microfilm images to a PC and utilize the host PC's resources to view, print, and save the image as a digital file.