Launched at the start of the pandemic (15 March 2020), Dedoco is today celebrating its 2nd anniversary. In the two years since its inception, the organisation has evolved exponentially to go from a little-known start-up to a challenger brand working with more than 150 companies across government, banks. FIs, professional services, real estate and tech platforms.
Co-founded by CEO Daphne Ng and CTO Dr Ernie Teo, Dedoco is a first-of-its-kind blockchain-based digital document management solution that offers unprecedented 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.
Founders Ng and Teo launched Dedoco during the early stages of the pandemic in response to the growing need for increased security and trust in document collaboration. 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 prior to Dedoco's inception, they did not address common challenges in the industry such as the risk of fraud, unauthorised signatures, and/or non-compliance. This is something Ng and Teo were cognizant of in developing the blockchain-based solution.
“Dedoco was established to directly address a gap in the market and our success to date is evidence of that,” said Daphne Ng, CEO at Dedoco. "Our adoption has been incredible in a short span of time, 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."
As Dedoco now ticks off another milestone in launching in the ANZ region, it has set itself the ambitious 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,” said Raj Anand, Director & Country Manager of Dedoco. “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.