The Bank of Thailand (BOT) disclosed on Monday it expects to complete a proof of concept (PoC) of a wholesale CBDC based on R3’s blockchain technology by the end of Q1 2019.
In order to examine what benefits distributed ledger technology (DLT) can potentially bring to the financial market in the country, the BOT has decided to join hands with eight banking institutions: Bangkok Bank, Krung Thai Bank, Bank of Ayudhy, Kasikornbank, Siam Commercial Bank, Thanachart Bank, Standard Chartered (LON:STAN) Bank (Thai) and the Hongkong and Shanghai Banking Corporation.
A major goal for the partnershi...
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