by two co-founders who wanted to solve a problem that lies deep within our widely used infrastructure that has almost become a necessity today, the ‘internet’.
Pakorn and Sarawuth started working together with a mission to revolutionize the global infrastructure layer via an enterprise infrastructure venture, Cloudculus.
Pakorn and Sarawuth went to pitch for a multi-factor authentication project at one of Thailand’s largest banks. A more prominent and well-known company won the pitch and that sparked curiosity for Pakorn and Sarawuth of the proposed solution. They wondered why the authentication process requires a hardware when almost everyone owns an extremely intelligent device as if it’s become human’s 33rd organ a smartphone.
they didn’t leave this matter hanging. They started what turned into multiple years of research on authentication and digital identity technology. They read all the documents, studied every project, and joined as many communities about decentralized identity as they could.
they founded Finema and launched the first MVP of their self-sovereign identity architecture on Ethereum blockchain. They were one of the first in Thailand to work on decentralized identifiers and verifiable credentials. Back then, W3C was still exploring this technology and had just published its very first paper.
Aware of the potential and significance of this technology, Finema launched the self-sovereign identity technology on its own Blockchain. The product was built on Tendermint, offering decentralized certificate authority, SDK, digital signature, and a decentralized identity access mapper (DIAM). This technology had gotten Finema an MOU with Electronic Transactions Development Agency (ETDA) under the Ministry of Digital Economy and Society. Finema joined the most significant conferences in the industry since 2005, The Internet Idenity Workshop in San Francisco.
Finema joined the Decentralized Identity Foundation with other three self-sovereign identity companies in Asia. They also kicked off a project with the second largest university in Thailand in terms of annual graduates, Khon Kaen University. The goal of this project is to implement self-sovereign identity technology across all the critical areas, including digital student cards, digital transcripts, digital signature, and online academic record. This project will be ready for launch by Q2 2020.
Finema is working on one of the most impactful projects yet. “It is our goal that our Decentralised Identifiers (DIDs) are applied across a variety of industries – Healthcare, Education, Tax Authorities and a few government agencies. These identifiers are designed to enable users to have control over their identity,” Pakorn.
It is also working on taking this technology to the next level by launching zero-knowledge proof and anonymous credential technology which will be applicable to all types of data sets by 2022.
Finema aims to be the leader of self-sovereign identity technology in Asia.
“Our vision is to give everyone full control of their digital identity while maintaining an integrity of data in the growing world economy”.
