Yesterday, the Bank of Thailand announced plans for a prototype of a business payment system that will use central bank digital currency (CBDC). The project will build on the bank’s previous CBDC work, Project Inthanon.
One of Thailand’s highest profile blockchain projects is the Siam Cement procurement solution, developed by the company’s innovation arm, Digital Ventures Company, in conjunction with Accenture. The latest project aims to integrate B2B payments that leverage CBDC with the blockchain platform. The work will commence in July.
R3’s Corda is the technology used by both Project Inthanon and the Siam Cement blockchain platform, which should make integration a little easier.
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