Thai Banks to Launch Common Blockchain Platform

Blockchain will be used for guarantee letters issue
20 March 2018   289

14 banks from Thailand announced the establishment of the Thailand Blockchain Community Initiative, which will digitize warranty letters on a common blockchain platform. This is reported by Nikkei.

Leading banks of the country, including Bangkok Bank, Krung Thai Bank, Siam Commercial Bank and Kasikornbank, will join the initiative. As a technical basis for the project, it was decided to use Hyperledger Fabric from the Linux Foundation.

With this infrastructure sharing, banks do not need to invest on their own. Interoperability enhances efficiency, reduces costs in our financial sector and addresses the needs of the consumer and the business sector.
 

Veerathai Santiprabhob

Gov., Bank of Thailand

It is noted that the blockchain platform of the new organization was first launched by Kasikornbank in cooperation with IBM in July 2017.

In Thailand, the issuance of letters of guarantee that fix the payment obligations of customers, can take several days. Digitizing these documents and transferring them to a blockchain can reduce this time to as little as 30 minutes.

The participation in the project will also be accepted by the Electricity Generating Company of Thailand and Siam Cement Group. The testing of the new system will take place in a special "sandbox" of the Central Bank of the country.

Zilliqa is holding a meetup in Singapore

High throughput blockchain platform Zilliqa is organizing a meetup session in Singapore on May 23 to share its progress and preview its new smart contract language Scilla
24 April 2018   26

A meetup titled "Zilliqa: Sharding in Action & Security by Design" by Zilliqa project will take place on May 23 at The Metro@ thebridge. Zilliqa is a new high-throughput public blockchain platform that can enable real-world applications considered impossible up to the moment. Zilliqa utilizes the idea of sharding to reach thousands of transactions per second without sacrificing security and decentralization.

The session will covering the so-far progress of the project, the partners joining the project and the preview of the new smart contract language Scilla that further improves on security for smart contracts. The event is going to be broadcasted love on YouTube. The agenda of the meetup is as follows

  • 18:45 - 19:00 Overview of the Zilliqa project
  • 19:00 - 19:20 Session with partners of Zilliqa
  • 19:20 - 19:50 Demo: Testnet & secure smart contracts with Scilla
  • 19:50 - 20:40 Networking

At the moment of publication, Zilliqa market parameters are as follows:

  • Average price $0.099018
  • Market cap $721,249,874
  • Volume (24H) $86,625,700