Singaporebased Accredify gets $7M to make sure your documents are real

News Summary

  • So far, it has processed 12 million verifications on 2 million issued documents and served 600 users.Accredify began by working with educational organizations to prevent the use of fake degrees and certificates.
  • Then it draws data through dashboards or API integrations.Other companies in the same space include Unifier, which Accredify partnered with during the pandemic — Accredify created documents while Unifier read documents for their clients.
  • Then it began expanding into other use cases, including corporate registries and healthcare.For example, during the height of the pandemic, Accredify worked with the Ministry of Manpower and the Ministry of Health to create a system that verified COVID-19 records so workers could travel.
  • Quah says it is also exploring expansion into Japan by doing pilot programs with government entities.a16z’s crypto report anticipates developer growth as blockchain scaling solutions expand
  • But it was his experience as an accountant that led to his interest in the blockchain and how it can be used to verify documents.
  • “That was mind-blowing because fundamentally, accountants are there to match certain transactions and make sure everything tallies up against one another.
Interested in tech, Zheng Wei left his career as a chartered accountant to teach himself how to code. But it was his experience as an accountant that led to his interest in the blockchain and how it [+2886 chars]