The ASEAN Digital Credentials Platform (AKREDI) is a success story of ASEAN-Australian collaboration during the recent ASEAN-Australia Special Summit, said Chair of ASEAN Business Advisory Council (BAC) Brunei, Co-Chair of the Borneo Economic Community (BEC) and Chief Executive Officer (CEO) of Dynamik Technologies Sdn Bhd Haslina Taib.
AKREDI is a digital trust platform for professional and business identities, attributes and assets, which will redefine accreditation and authentication processes in Southeast Asia especially for cross-border mobility of talents, businesses and investments, according to a press statement.
The project is on track to be released by end of the year and is currently developed through a strategic partnership between Australian tech company TrustGrid, specialising in secure digital ecosystems and Dynamik Technologies, Brunei’s information technology (IT) consulting and service provider, with the support of ASEAN BAC Brunei.
Haslina said, “As ASEAN is targeted to achieve the status of the world’s fastest growing digital economy by 2030, AKREDI serves as the tech engine behind the BEC drive for the island to be the regional green economy hub, attracting sustainable and digital businesses, talents, services and investors.
“AKREDI will also enable financial inclusion for those who are mostly underserved and underrepresented in the mainstream industry, especially those in micro, small and medium enterprises (MSME) or the gig economy. This marks the first step of our ASEAN-Australian cooperation led by Dynamik Technologies and ASEAN BAC Brunei, which we plan to achieve through three strategic programmes; Credentials, Capabilities and Commerce for a sustainable future together.”
TrustGrid CEO Santosh Devaraj added, “We are very proud to partner with Dynamik Technologies and ASEAN BAC to support the entire ASEAN community with TrustGrid technology powering the AKREDI.
“AKREDI will enable and empower in particular the MSME and gig economy with vBL’s (verifiable business licences) as well as eliminating anti-money laundering (AML) related issues for business establishment and business transactions. Additionally, this provides MSME’s with the ability to perform trusted and secure transactions. Ultimately, this will expand to include cross border business credential verification to solve the challenges related to ownership, know your customer (KYC) and know your business (KYB).
“We are very much looking forward to rolling out the AKREDI digital trust platform across the ASEAN region as we drive true digital transformation to establish the green digital economy.”
The ASEAN-Australia Special Summit provided a platform for AKREDI to be unveiled to a global audience of policymakers, industry leaders, and stakeholders attending the prestigious event held in Melbourne to celebrate 50 years since Australia became ASEAN’s first dialogue partner.
