Dedoco expands its blockchain-based solution to ANZ
Blockchain-based digital document management company Dedoco celebrates its 2nd anniversary as it expands into the Australian and New Zealand markets.
In the two years since its inception at the beginning of the pandemic (15 March 2020), the organisation has evolved from a little-known start-up to a challenger brand working with more than 150 companies across government and banks. FIs, professional services, real estate and tech platforms.
The company was co-founded by CEO Daphne Ng and CTO Dr Ernie Teo and is a first-of-its-kind blockchain-based digital document management solution that offers security, trust, and transparency to its users. Expansion into the Australian and New Zealand markets evolved as a natural next step for the team, with Dedoco already working on a proof of concept for FinTech Australia, the peak advocacy group for FinTech in Australia.
"We launched Dedoco during the early stages of the pandemic in response to the growing need for increased security and trust in document collaboration," says Dedoco CEO Daphne Ng.
"As the coronavirus swept across the globe and work-from-home orders were implemented, signing documents (e.g., contracts) became more complex than it had traditionally been."
Despite the presence of existing solutions before Dedoco's inception, they did not address common challenges in the industry, such as the risk of fraud, unauthorised signatures, or non-compliance. Ng and Teo say they were aware of this when developing the blockchain-based solution.
"Dedoco was established to address a gap in the market directly, and our success to date is evidence of that," says Ng. "Our adoption has been incredible in a short period, but to achieve this during a pandemic is almost unheard of. It's a testament to the people driving the brand forward every single day."
"In a short space of time, Dedoco has grown from a start-up to an international challenger brand, as we work with some of the biggest organisations in APAC," she says.
"We look forward to celebrating many more anniversaries as we continue to enable organisations to work with trusted, verifiable and connected documents."
Raj Anand, director and country manager of Dedoco, says Dedoco ticks off another milestone by launching in the ANZ region. It has set itself the target of quadrupling its headcount in Australia and New Zealand by 2024.
"Improving business processes, transparency, and security is critical in today's digital landscape, so it's great to play a part in cementing blockchain's place in the Australian market. I'm excited to be part of this growth stage as we expand on Australian shores."
Dedoco will release its first Limited Edition NFTs to commemorate the milestone celebration.