Thailand in the Blockchain Era

Mania or a new financial world?

With Thailand leading the world in the proportion of internet users owning cryptocurrencies (20.1% of Thais aged 16-64), it’s clear why many companies are choosing to either invest in or facilitate this hugely popular and rapidly growing market, gradually shifting the dynamics of money and finance with important implications for the country’s future. Notably, SCB purchased a Thai-based cryptocurrency exchange, Bitkub, last November for 18 billion baht, propelling the unicorn startup, which started in 2018, into the top ten global cryptocurrency exchanges.

Blockchain Technology in Thailand

Although the most famous and widely discussed blockchain technology is cryptocurrency, there are many pillars within blockchain technology frameworks which need to be better analysed and understood to fully…