DABS and Fantom Enter Into Digital Blockchain and E-Audit Pilot Program

Highlights:

• Da Afghanistan Breshna Sherkat (DABS) and Fantom have signed an MoU agreement for the digitalisation and implementation of advanced audit software within DABS’s operations.
• The MoU dictates that Fantom will build a tailored pilot demonstrating a sample database migration, an ERP blockchain suite demo (Audit System), and a CRM platform.
• Upon the successful completion of the prototype, DABS and Fantom will look towards formal contract agreements and a long-term business-to-business relationship.

On the 26th of November 2020, at Kabul, Afghanistan, DABS and Fantom signed an Memorandum of Understanding to formalise the start of software development discussions.

This agreement seeks to leverage the natural synergy between both parties, incorporating Fantom’s blockchain and advanced software tools with DABS’s innovative approach to energy efficiency and transparency.

Fantom has agreed to build and showcase its technological capabilities through a prototype, incorporating their blockchain capabilities within an ERP suite to ensure complete transparency and auditability throughout the meter-to-cash-cycle and internal business processes.

Assisting Fantom with this partnership is SKChain, a London based blockchain consulting firm. SKChain's Director and CEO, Barek is the Director of Business Operations at Fantom who has been instrumental in the development of discussions.

Who is DABS?

DABS is Afghanistan’s national and fastly growing electricity company. It manages and operates electricity production, import, transmission, and distribution across the country.

DABS is actively looking on how to leverage the latest technology tools, helping their customers by increasing uptimes, decreasing costs, and expanding energy efficient solutions across their nation to enable easy energy access to all Afghanistan citizens.

Afghanistan currently generates electricity utilizing hydroelectric plants, fossil fuels and solar panels.

“DABS is seeking to enhance customer services, promote transparency, reduce energy loss and increase energy supply to boost economic development inAfghanistan” - Mr. Daud Noorzai, CEO of DABS

Who is Fantom?

Fantom is a global technology firm implementing leading blockchain smart contractual software and applications within businesses and countries across the world. The team is made up of engineers, scientists, researchers, designers, and entrepreneurs who share the same vision.

“Fantom is excited to be working with DABS, the largest energy company in Afghanistan. We are looking forward to using the latest software technology tools, including blockchain, to  modernise their infrastructure and create long-term efficiencies. We hope to conduct significant business in the country going forward, which has a lot of potential.” – Mr. Michael Kong CEO of Fantom

Timeline

The prototype build is forecasted to take approximately 4 months to complete, which will then be followed by a “real-time” demonstration, incorporating all the modules from the prototype scope.

“I’m looking forward to this great partnership which perfectly aligns with the Afghan government’s e-governance initiative” – Mr. Bariq Sikandari Director of Business Development at Fantom

Looking Ahead

Upon the successful completion of the prototype, Fantom and DABS will work together for the full-scale implementation.

Fantom is confident that its proven solutions will showcase to the Islamic Republic Of Afghanistan its digital and advanced solutions - which can be scaled across multiple public and private sector applications such as e-governance, digitization protocols, and an advanced financial banking arm.

“The ultimate goal of DABS is to improve and increase access to affordable, reliable and sustainable electricity to the entire population and thereby provide a catalyst for sustainable economic growth. To achieve this goal, DABS is placing greater emphasis on improving the country’s energy supply infrastructure and on strengthening its ability to meet current and future electricity demand across the country. Utilizing advanced software technology tools, including blockchain-based technology will enable us to achieve our goals at a faster pace.” – Mr. Ahmad Shaheer Dashty, DABS Revenue and Reform Deputy.