Improvement programs like Lean often focus on internal processes. The ecosystem surrounding the Organizational Wallet takes it a step further. It automates processes across the supply chain without requiring numerous integrations between organizations. For instance, consider an accounting integration that automatically processes payment data, but applied to a wider variety of data types, such as invoice details during the onboarding of a new supplier.
The greatest advantage is that data is automatically validated without manual intervention. This can include a Chamber of Commerce registration number, bank account details, or a tax compliance statement, as well as insurance policies or statements.
The standardization of data collections, as seen in many municipalities, makes it possible to implement this on a large scale, for example, with extracts, exemptions, and permits. Our solution provides all the necessary features to easily create and share verifiable credentials. Additionally, Credenco is developing an advanced search function for FIDES to include published credentials in a public registry, the Blue Pages. Through the Organizational Wallet, exchanging, validating, and automatically processing essential and frequently requested data between organizations becomes significantly easier.
Interested in saving time and resources, or want to learn more about these new features? Or perhaps you’d like to try our platform yourself? Feel free to contact us!
Ruben Wonink
Phone: +31-06 8142 8429
