January 8, 2020
Bonifacio Global City Taguig, Philippines – DynaQuest has been named among the Top 10 Identity and Access Management Companies in Asia and the Pacific by Enterprise Security, for the company’s work on Inclusive Identities managed over the Blockchain.
As a recognized Blockchain & IT Solutions company, DynaQuest’s “Digital Identities Managed over the Blockchain” has been cited as an innovative solution that addresses modern social-economic development challenges. The architecture utilizes a consensus mechanism that is managed by collaborators such as government, social services and tech partners in providing identities to the many people who are without legal identities in the Philippines.
Digital Identities Managed over the Blockchain promotes decentralized architecture aimed to modernize record-keeping of legal identities that are housed in government databases. The architecture is a response to the ageing record-keeping practices of paper-based information sheets and centralized databases that are housed over a local network. The advantage of Digital Identities includes greater collaboration in managing information updates on read/write functions, improved security through the hashing of information through cryptography and better risk management capabilities.
With each information update, the information is time-stamped and updates across the distributed ledger that holds the information of all enrollees.
In the Philippines, there are approximately 14-17 million people without established legal identities. These groups are comprised of indigenous people and people living in poverty. These people are without access to social services, quality healthcare services and education among others. In an inclusive economic framework of development, having an identity is the start of economic inclusion for many.
Having invested into the Digital Identities on Blockchain, DynaQuest utilizes an end-to-end methodology of migrating existing databases into the decentralized architecture of record-keeping. In promoting the use Digital Identities and Decentralized technologies for modern record-keeping, the company is aligning itself with international identity programs such as the United Nations’ Sustainable Development Goals and the ID2020 Program. “DynaQuest has developed a noteworthy, ‘inclusive’ methodology for information, extraction, migration and serialized development of identity and access management through a decentralized architecture,” said DynaQuest CEO Randy Knutson.
Enterprise Security’s “Top 10 Identity and Access Management Consulting Service Companies in APAC 2019” brings together the top-performing identity and access management solution and service providers in Asia and the Pacific. Enterprise Security is a leading go-to print and digital platform that covers security solutions that assists thousands of organizations when it comes to security, risk management and risk assessment of threats stemming from information, data privacy, software and hardware related risks.
DynaQuest is an award-winning Blockchain & IT solutions provider that delivers customized and flexible solutions across the industries of Enterprise, FinTech, HealthTech, InsurTech and Information Security. DynaQuest is recognized by organizations such APAC CIO Outlook as among the “Top 10 Blockchain Solutions Provider in Asia & Pacific of 2019” and by the Blockchain Economic Forum for the “Top Blockchain Achievement Award for 2019”. From consultation, use case building, development and continued support, DynaQuest helps businesses transition to a Blockchain-enabled business operations.
This article is published on BitPinas: DynaQuest Named Among Top 10 Identity and Access Management Companies in APAC