The Bank of Thailand Considers Blockchain for Its Purposes in Future

The governor of the Bank of Thailand has announced, that he considers the blockchain technology for many applications for the bank operations for the future.

In more details, the bank administration is reviewing the possibilities of the blockchain application for making cross-border payments, documents verification and supply chain financing. According to the words of the bank governor Dr. Veerathai Santiprabhob, the blockchain will offer more connectivity, transparency and facilitate the provision of the financial services.

But even more important is the possibility to reduce fraud rate and to protect the customer information more reliably with the blockchain.

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