How blockchain technology will be used in Thailand?

Reviewing and compile blockchain industry topic, updating market references and research environment.

Today, we are picking the blockchain development approach in Thailand.

E-voting technology is predicted to utilize several scenes in small community, business boards, national election and more. The goal is achievement to reduce fraud and maintain data integrity.

In accordance with the growth of trade finance market in Thailand, blockchain based platform is expected to reduce intermediate cost and enhance liquidity in the future. Over 70% of GDP accounts by exporting sector in Thailand, so that increase of interest and demand to modernize trade finance system. The rise of this fundamental is aiming to become catch up forerunner, MAS and HKMA, futuristic trade finance platform in Eastern Asia.

Thailand blockchain ecosystem is moving ahead step by step, by all means including cryptocurrency adaption.

Thai government is progressive attitude in terms of blockchain technology adaption. It does include with digital identity system and prevent tax evasion and more diversified.

Looking to specific balances between the regulation and private businesses, and warning malicious deed in the market. Government is paying attention with playing crypto economy and also proceeding security token approvals.

From South Korea’s remittance needs to be accepted with affordable cost toward Thailand hometowns. In accordance with becoming higher rate of immigrant worker from Thailand in South Korea, over 153,000 and third largest accounts.

However, it is not convenient to make small payment back to the country, so that blockchain technology is promised to change unequal system. Simple payment drives to solve customer paint point, reduce the lead time and cost meanwhile sending money.

Not only for in Thailand county, but also started out cross-border actions, will be launched more and more projects coming.

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