Orbix Technology and Innovation Co., Ltd. (Orbix Technology) and the Digital Economy Promotion Agency (depa) recently announced a collaboration to develop a blockchain-enabled credential authenticity system using the Quarix blockchain infrastructure. Quarix can interoperate across multiple sectors, including finance, technology, and government. The goal is to build solutions for conducting transactions and public services with transparency, reliability, and security.
Mr. Yarnvith Raksri, Managing Director, Orbix Technology, said, “The integration of blockchain technology into credential authenticity systems presents a significant opportunity to establish an interoperable ecosystem founded on reliability, transparency, and security. When implemented within public services, such a system considerable potential to deliver far-reaching societal benefits. In pursuit of this objective, Orbix Technology has collaborated with depa to develop a blockchain-based credential verification platform through Quarix. This platform facilitates cross-sectoral integration among financial institutions, technology providers, and public entities, enabling accurate, transparent, and verifiable data authentication, whilst simultaneously mitigating IT-related risks associated with data falsification and unauthorised access.”
The development of the blockchain-enabled credential authenticity system has three key objectives: 1) Co-development of an advanced system for the verification and validation of certified documents via integration with authoritative and trusted data sources; 2) Administration of personal data protection in accordance with rigorous cybersecurity protocols and elevated information security standards; and 3) Provision of technologically robust solutions that facilitate the execution of transactions and delivery of public services with transparency, reliability and security. This collaboration reflects the company’s commitment to leveraging technology to drive innovation and enhance the efficiency of inter-agency operations, embracing the digital economy at both the national and regional levels.
Dr. Passakon Prathombutr, Senior Executive Vice President/CTO of Digital Economy Promotion Agency (depa), added that the collaborative development of the blockchain-enabled credential authenticity project between depa and Orbix Technology will enhance the credibility of digital infrastructure and generate widespread benefits. Depa will implement this solution to facilitate access to public services and improve the quality of citizens’ lives while promoting a more sustainable society.
The strategic partnership between depa and Orbix Technology constitutes a pivotal advancement in the progression of Thailand’s digital innovation landscape. This joint initiative—centered on the deployment of a blockchain-enabled credential authenticity framework—aims to substantially curtail operational expenditures and augment process efficiency within the commercial sector. Moreover, it is anticipated to significantly reinforce transparency and bolster the dependability of public services.
About Orbix Technology & Innovation
Orbix Technology & Innovation Co., Ltd., a subsidiary of Orbix Holdings Co., Ltd., is the developer of Quarix, a blockchain infrastructure designed and developed to support and enhance the digital asset ecosystem across all sectors. It caters to key targets, including regulators, end-users, technology partners, and business collaborators, while driving real-world blockchain adoption with a focus on practical applications. The platform also bridges traditional finance, strengthens digital asset security, and provides reliable identity verification.
About the Digital Economy Promotion Agency (depa)
Depa is a public organization established to promote and support the development of digital industries and innovation, as well as advancing the adoption of digital technology to benefit the economy, society, culture, and national security. Its key roles and responsibilities are as follows:
1. Promote and support investment or operations related to digital industries or innovation.
2. Encourage, assist, and collaborate with other entities in developing digital industries or innovation.
3. Foster, uphold, and implement initiatives for workforce development in digital industries and innovation.
4. Advise, expedite, and monitor amendments to laws, regulations, or measures concerning intellectual property protection for digital industries or innovation with relevant agencies.
Depa operates to drive comprehensive development in Thailand's digital economy and society, guided by its vision: “We work smart every day to build a world-class digital economy and to help people perform better, think faster, and live better.”