2018-7-16 21:12 |
The Bank of Thailand aims to use blockchain technology to improve services like document authentication, cross-border payments and supply chain financing.
The Bank of Thailand is now considering using the modern and revolutionary blockchain technology to improve and streamline several administrative and payment services.
During the recently held Bloomberg ASEAN Business Summit, Bank of Thailand governor – Dr. Veerathai Santiprabhob – talked about the bank working on several initiatives considering the use of blockchain for different purposes like document authentication, cross-border payments and supply chain financing.
In the second phase, new features will be added to the blockchain platform to enable bond deposits.
Ultimately, in the third phase, TBMA will develop a Bond Coin for tokenizing assets to make instant clearing and settlements.
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