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In Singapore, HR & People Engagement

Breaking the trust barrier: Accredify’s journey to secure digital interactions

In our increasingly digitized world, the manner in which we exchange information has evolved from traditional pen and paper to the utilization of digital data, facilitated by the internet.

While these advancements offer efficiency, speed, and accessibility, digital interactions are typically hindered by a lack of trust. To preserve data integrity, verification is required, usually through methods involving multiple parties, and this can result in inefficiencies.

When Zheng Wei Quah, co-founder and CEO of Accredify, recognized this challenge, he decided to embark on a journey to transform the landscape of digital interactions.

Implementing blockchain technology for real-world cases

Quah’s first blockchain venture, Ceito, aimed at aiding businesses in leveraging blockchain technology for optimizing supply chain management and commodities trading. In 2017, he ventured into a new chapter together with his co-founders, taking the strategic step of establishing Accredify, in response to the evolving landscape that witnessed a transition from service-centric to product-centric enterprises.

According to Quah, one of the significant challenges they encountered was the scarcity of available information and resources about blockchain technology at that time.

“We’re accustomed to leveraging resources like Stack Overflow and other tools to search for solutions to our challenges. However, back then, the situation was quite different. Tasks such as customizing specific Ethereum components to align with our use case posed significant challenges. The answers to these questions weren’t readily available, leading us to recognize the need to invent our own solutions,” Quah said.

Furthermore, the concept of blockchain was relatively new, and Quah found himself needing to explain granular technical details. Controversies such as the crash of the Terra Luna cryptocurrency and the FTX centralized exchange did not deter their efforts.

Support from government entities, universities, and its clients helped people learn to distinguish between firms offering real-world applications like Accredify, and cryptocurrencies. This provided strong evidence that the company is here for the long haul.

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In Singapore, Funding Announcement, Business Technology Platform

Accredify Integrates with SAP SuccessFactors to Assist Companies in Employee COVID-19 Health Verification

Accredify, a Singapore-based firm that creates and issues verifiable documents, today announced that it has signed an agreement with multinational software corporation SAP, to be integrated as an application on its Human Resource Management System, SAP SuccessFactors, which leverages SAP.iO open innovation model to revolutionise the future of work. By integrating Accredify as an app on the SuccessFactors marketplace, clients will be able to verify an employee’s COVID health credentials through Accredify’s verification portal.

The partnership follows concerns raised amongst corporations about the provision of an affordable and efficient method to verify an employee’s COVID health status as businesses prepare to reopen physical office spaces safely.

Employees simply have to upload their COVID medical credentials such as vaccination records or swab test results into Accredify’s verification portal on the SuccessFactors platform. Employers will be notified instantaneously once a COVID medical record has been uploaded and verified, and will be able to keep track of an individual employee’s COVID medical records on the platform.

Accredify’s app will be available to all clients subscribed to the SuccessFactors platform. As Accredify’s verification portal is agnostic to the different COVID medical standards and schema issued globally, enterprises using SuccessFactors will be able to verify medical records that have been issued by healthcare providers around the world. Currently, there are more than 7,400 clients around the globe who utilise SAP’s SuccessFactors platform.

“People are our business and core to the success of any organisations globally. Every employee experience matters, and more so as we are returning to the new normal. Workplace health and safety management measures will be top of mind, and companies who are intending to enhance existing policies or implement new processes will need to leverage technology to enable a seamless, exceptional employee experience,” said Eileen Chua, Managing Director, SAP Asia Pte. Ltd., Singapore.

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