Tech For Change

Like interlaced hands, technology and social change are intimately linked. Here are the companies using technology to deliver new value to the world, backed by Hubert Burda Media’s investment division, BurdaPrincipal Investments

- Zech Pharamond

AT ITS CORE, technology is the application of scientific methods to devise tools to solve problems. Among the types of tech that have moved the trajectory of human civilisation – the steam engine, telephone, radio waves and, of course, the Internet. But even writing can be a form of technology. The written word allowed detailed messages to be passed from one person to the next – from one generation to another – with more clarity than word of mouth.

To further define the relationship between technology and social advancement, we take a look at a group of outstanding companies that are promoting learning, social entrepreneurship, digital innovation and the spirit of community, revolutionising traditional business models in meaningful ways.

CARSOME — KUALA LUMPUR, MALAYSIA

This success story is already the region’s first pick for car owners to directly sell to dealers or individuals. From start to finish, Carsome makes transparent the entire car selling process. From unbiased inspections, to fair market valuations, bidding, payment, plus logistics, now customers can sell their cars in as fast as a single day and be sure they’re getting the best value for their vehicles.

Since 2015, it has expanded into Indonesia, Thailand and Singapore. With more than 70 per cent of transactions being done inter-city, Carsome’s winning business model has struck a chord with motoring fans across borders.