News

The Energy Ministry has ordered the Energy Business Department to discuss with Thai oil traders the prospect of using blockchain to facilitate palm oil trade.A blockchain system would cut out the middleman between palm planters and palm oil mills, in theory allowing planters to sell ...

The Excise Department will devise a method to refund overpaid taxes to oil exporters in a manner that stems leakages, its chief says.The change in the tax refund practice will use blockchain, which the department plans to adopt by the middle of next year, said ...

The Finance Ministry plans to adopt blockchain-based value-added tax (VAT) refund service for foreign tourists, starting from the end of this month.The blockchain technology for VAT refunds should speed up the process for tourists as details of their purchases will be immediately shared with the ...

The Thai Digital Asset Association (TDAA) on Thursday accepted an invitation from former transport minister Chadchart Sittipunt to serve as an honorary adviser to the upcoming “Blockchain Thailand Genesis 2019” event. According to a news report, the association considers that Chadchart has the competence, vision, and ...

Diginex, a global blockchain solutions company, has signed a long-term agreement with Verifik8, a data intelligence and analytics provider for agribusiness suppliers, to help protect workers in the aquaculture sector in Thailand from exploitation by utilizing blockchain technology.Keep reading ...

The Revenue Department and the Comptroller-General’s Department are set to launch a pilot project using blockchain technology in the next few weeks, aiming at streamlining work processes.The innovative technology will also help provide information associated with value-added tax and inspecting VAT refunds to reduce fraud, ...

Blockchain Community Initiative Co. issued the world’s first electronic letters of guarantee in the third quarter last year and plans to increase the number of electronic letters of guarantee by 50% in three years. Blockchain Community Initiative Thailand provides electronic letters of guarantee for 22 ...

Beyond bitcoin payments and remittances, blockchain exists largely in the pilot stage. Governments and banks are collaborating with technology firms to see if it can be used to solve persistent problems like traceability, identification, and trust.Keep reading ...

From applications in mobile phones, to home automation, to cashless society and beyond, digital is now the new norm in our everyday lives. It is changing what we do and how we get things done in countless ways.We now see robots working alongside people to ...

From paleo diets to veganism, the relationship that human beings have with food is multifaceted and cuts across different social underpinnings and economic considerations. As such, food production is an important consideration in the sustaining of any particular society.Keep reading ...