FPT Software’s technology expert recently won the ‘Technical Excellence’ category at the Asian Innovation Awards, organized by Channel Asia magazine – IDG.
was named winner of Personal Innovation Awards in the Regional Technical Excellence category. The result was unveiled on January 21 at State of Innovation, an event organized by Channel Asia – Singapore-based technology news channel under IDG, the world’s leading tech media, data and marketing services company.. Sharing about this award, Mr. James Henderson, Chief Editor of Channel Asia and Head of the Award Organizing Committee affirmed, “akaChain” contributed to change the way of seeing blockchain technology with the community.
FPT Software’s “akaChain” team of experts has created a platform to help enterprises build business systems through decentralized applications of blockchain technology. The platform can process up to 250 transactions per second, ensuring smoothness for large-scale enterprise transactions.
The platform’s outstanding features shorten the time to deploy services such as eKYC, credit scoring, loyalty programs, and traceability source. The “akaChain” application not only helps businesses understand customer needs, standardize and automate some processes but also limits the role of intermediaries, thereby optimizing operating costs.
Established at the end of 2018, “akaChain” is known and used by many businesses. Some leading retailers and distributors of technology products in Vietnam said that the credit scoring of “akaChain” helps reduce the company’s bad debt ratio from 14 per cent to 7 per cent. A lot of customers in many industries around the world choose “akaChain” to be a business solution such as ThinkPower, Masan Group, Bao Viet, AIA, VPBank, and some other Fortune Global 500 companies.
In the Covid-19-against period, this platform also cooperated with Ho Chi Minh City to launch an application for assessing the safety of businesses in epidemic prevention and control, helping businesses to self-check their epidemic prevention activities in a medium-sized context. Through it, the management agency can also digitize the administration and management in epidemic control work.
In 2020, “akaChain” is selected by the Ministry of Information and Communications as the “Make in Vietnam” platform that promotes comprehensive digital transformation in economic and social sectors, contributing to the achievement of the goal in the national digital transformation program.
The Innovation Awards are an annual award organized by Channel Asia – IDG, honoring individuals, organizations, and enterprises with outstanding achievements in business innovation. Depending on each category and each year of organization, the Jury has different scores and selection criteria. This year, the 2021 Innovation Awards recorded more than 330 product nominations from 90 organizations and businesses in 7 countries around the world.