Photo Release: Thai and international organizations join forces to upgrade Thailand’s blockchain BCI has been established to develop the country’s infrastructure and promote the use of technologies in the business sector

ข่าวหุ้น-การเงิน Wednesday May 29, 2019 10:18 —PRESS RELEASE LOCAL

Bangkok--29 May--KASIKORNBANK At the Bank of Thailand, Dr. Veerathai Santiprabhob, Bank of Thailand Governor, and Mr. Predee Daochai, Chairman of Thai Bankers' Association and Chairman of the Board of Directors of BCI (Thailand) Co., Ltd., together with other executives of various organizations, recently participated in a press conference on the establishment of BCI (Thailand) Co., Ltd., marking the first time in the world's banking industry in which Thai and international banks collaborate to use blockchain on the same operating system. This collaborative effort aims to see 50 percent increase in the use of blockchain-based letter of guarantee within three years, which will help slash operating costs, enhance competitiveness for both businesses and the nation, alike. List of executives (from left to right) Mr. Thakorn Piyapan, Head of Krungsri Consumer Group, Bank of Ayudhya Mr. Kukkong Ruckphaopunt, Executive Vice President, Customer Service Management and Technology Division, Bangkok Bank Mr. Silawat Santivisat, Senior Executive Vice President, KASIKORNBANK Mr. Veerathai Santiprabhob, Bank of Thailand Governor Mr. Predee Daochai, Chairman of Thai Bankers' Association and Chairman of the Board of Directors - BCI (Thailand) Co., Ltd. Mr. Tawatchai Cheevanon, First Executive Vice President, Krungthai Bank Mr. Ittiphan Jearkjirm, Executive Vice President, Global Transaction Banking Services Division, Siam Commercial Bank Mr. O-Larn Sukalavanij, Head of Commercial Credit Product, TMB Bank

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