Investing in Thailand’s future : Transforming the securities markets infrastructure with blockchain
“Blockchain technology is behind many key transformation projects in financial services, and especially in back-office operations and funds transfers. All of these can reduce costs of financial transactions and improve ease of doing business for banks and customers, thereby improving productivity of the economy as a whole. Businesses across the spectrum are today forced to adapt due to the rapid change in innovation and technology.” believes Dr. Veerathai Santiprabhob, Governor of the Bank of Thailand (19 March 2018)
BOT expects blockchain technology to enable all stakeholders to have access to the same information, increasing efficiency and transparency and chose the savings bond sales process as a pilot project. The project was set out to reduce the current 15 days it takes for investors to receive their bonds to a mere 2 days in the near future, cutting down operating costs while improving client experience.
BOT and IBM have produced a video and white paper detailing the project learnings and experience. Click on the links to find out more:
For more information on IBM Blockchain, check out the link on the Technology page <here>