Report: Thailand’s Industry to Adopt Blockchain Tech by 2018
Thailand is bound to see a sweeping adoption of blockchain technology in a number of areas including finance by the year 2018, according to a report in regional English daily Bangkok Post. The news daily cites a blockchain specialist who sees businesses in Thailand adopting blockchain technology by the year 2018. Beyond its core features in transferring value with transparency and security while maintaining trust, the inexpensive ease in which it can be implemented will encourage businesses to switch over, opines Bhume Bhumiratana, a blockchain tech expert. The cost of development will....
Related News
The ATM Industry Association (ATMIA) has released a new report that aims to encourage the nascent bitcoin ATM sector to adopt standards that promote consumer protection and security. The paper is the second report issued by the non-profit industry association on the subject of bitcoin ATMs this year, following a March release that assessed how both bitcoin and bitcoin ATMs could more broadly affect the traditional ATM market. Building off the first release, the most recent report suggests that the bitcoin ATM industry needs to adopt methods of self-governance now, before its products are....
“The pay disparities at Coinbase appear to be much larger than those in the tech industry as a whole," wrote the New York Times. San Francisco-based crypto exchange Coinbase may have had a problem with paying its employees fairly based on gender and race. According to a report from The New York Times journalist Nathaniel Popper, Coinbase paid salaried Black employees roughly 7% less than people in similar positions, based on payroll data from 2018. Across the company, this averaged out to a difference of $11,500. When factoring in the firm's stock options, the gap between white and Black....
The blockchain technology has now entered the insurance sector, making it possible for the insurance companies to offer policies to suit the customers' needs. The use of blockchain technology in insurance sector is something relatively new. London, the fintech destination of Europe is the first one to explore the potential uses of distributed technology in the insurance industry. The Capital of England already has a couple of companies who have already implemented it into their offerings. The blockchain is known for its transparency, security, immutability and reliability. All the....
A new report from JPMorgan Chase and consultancy firm Oliver Wyman argues that blockchain technology presents an opportunity for asset managers. The report, released on 13th July, seeks to position the emerging technology as a means for asset managers to offer more sophisticated services to clients. It offers a broad overview, ultimately arguing the industry sector needs to "get off the sidelines" and begin investigating how they can adopt the technology. The report states: "Revenue opportunities will grow out of the improved data sources, greater liquidity and lower....
Microsoft (Thailand) has said that 2017 will see five digital technology trends – that includes blockchain tech – driving the country’s digital transformation, pushing organization’s capabilities to the next level. The five digital technology trends include cloud computing, the Internet of Things (IoT), big data analytics, blockchain and artificial intelligence, according to a report from Bangkok Post. According to Orapong Thien-Ngern, general manager of Microsoft (Thailand), the country has Asia-Pacific’s second-highest growth rate for Microsoft cloud service adoption. He said this is due....