Thai Bank Partners IBM for Blockchain-Based Certification of Documents
Kasikornbank, a prominent bank in Thailand has partnered technology giant IBM’s Thai arm to develop a blockchain platform that aims to cut costs and increase transaction efficiency in the banking industry. More specifically, the collaboration will see blockchain technology used to certify original documents, equipped with storage and retrieval service systems. An excerpt from a press release adds: This new service will focus on accuracy under a common standard, risk mitigation, swift verification and security enhancement. The collaborative effort could also see participation from other....
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