The Joint Standing Committee of Commerce, Industry and Banking (JSCCIB) of Thailand recently announced that it has successfully completed a trial of a trade platform incorporating NTT DATA’s blockchain technology.
Editor's Note: This article originally appeared on NTT DATA's website.
November 3, 2019 — Mr. Kalin Sarasin, Chairman of The Joint Standing Committee of Commerce, Industry and Banking (JSCCIB) of Thailand announced today that it has successfully completed a trial of a trade platform incorporating NTT DATA’s blockchain technology. NTT DATA, which is developing a digital trade solution in Japan, collaborated with JSCCIB in studying the feasibility and benefits of a cross-industry trade platform under Thailand’s National Digital Trade Platform (NDTP) project.
Mr. Kalin also touched on the development of Digital Trade Network in ASEAN region that ASEAN Digital Trade Transformation project has been endorsed in ASEAN-BAC meeting in January 2019. The project has been started and it has been progressing well. The project will turn the page of ASEAN's international trade as it will help improve the efficiency both in terms of the processing costs and time of trade transactions by digitalizing the entire processes. Other benefits include improving SME ability to participate more in the economy and access to finance, preventing double financing and fraud documents, and Ease of Doing business rating of the country. Continue Reading >>
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