Thailand-based Bank of Ayudhya (Krungsri), in partnership with tech giant IBM, has completed a blockchain pilot aimed to streamline the contract management process.
According to the bank, the pilot, which was planned to rationalize the bank’s related party transaction (RPT) capability, resulted in improved transparency and data security, as well as speeding up operations, a press release said.
According to Voranuch Dejakaisaya, Krungsri’s chief information and operations officer, the trial explored the potential benefits of blockchain technology in boosting efficiencies internal processes and improving “customer convenience.”
Dejakaisaya said in the release: […]
Read Full: Thai Bank Taps IBM for Contract Management Blockchain Pilot