FPT Software has recently signed a collaboration agreement with Bao Kim Electronic Commerce JSC for mutual research and development of verification and KYC (Know Your Customer) solutions, so that businesses can understand their customers better, as well as evaluate the prevailing threats in existing payment systems. In their partnership, FPT and Bao Kim hope to also integrate Blockchain technology in credit scoring, though this may depends on practicality.

According to the agreement, the first product from the partnership will be introduced in 2019’s 3rd quarter. Users’ tests will begin in the 4th quarter, and commercialization is planned for 2020.

Mr. Nguyen Trung Duc – the head of Bao Kim expects that their partnership with FPT Software will end Bao Kim’s previous streak of small businesses. He shared: “This is the first comprehensive Blockchain-integreated service in business management and payment infrastructure. We are putting great effort in improving the customer experience in payment and cash storing.”

Mr. Nguyen Trung Duc – the head of Bao Kim JSC (2nd person from the left).

Mr. Tran Hoang Giang, Akachain’s co-founder, FPT Software believes that the technology base in this ecosystem will help solve network and data sharing problems, ensuring security in the latter task. The partnership will also open up numerous opportunities for experimenting of new models. “FPT Software aims to research and develop new products and services. And this partnership has opened up the chances for software that aims at users in the financial and insurance fields”, Mr. Giang said.

Mr. Tran Hoang Giang, Akachain’s co-founder, FPT Software (3rd person from the left).

On August, 2018, the formation of Akachain Business Unit (AKC) was officially decided by Mr. Hoang Nam Tien, Chairman of FPT Software, and official operations had started from September 1.

The AKC Unit held the responsibility to develop the Akachain solution and building core competitive power for FPT Software’s blockchain platform. At the same time, AKC also collaborates with related units to develop service provision of aforementioned blockchain platform – Akachain-based application in membership rewards trading, retails, supply chain, as well as in other fields.

Earlier this year, Akachain had attended Slush Tokyo (leading start-up event with tech giants worldwide), as one of Vietnam’s representative tech start-ups in blockchain. This was a great opportunity for the company to exchange and gain new ideas and perspects, all in order to further improve and popularize Vietnam’s blockchain market.

FPT Software

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