Thailand Post To Adopt Blockchain Technologies This Year

Thailand Post To Adopt Blockchain Technologies This Year

State owned SRT (State Railway of Thailand) and Thailand Post have announced plans to incorporate modern technologies, blockchain and Internet of Thin

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State owned SRT (State Railway of Thailand) and Thailand Post have announced plans to incorporate modern technologies, blockchain and Internet of Things (IoT), in their daily operations. The technologies are currently being developed and will start working towards the end of 2017.

The move comes in the wake of measures taken by the two state corporations which are aimed at improving operation logistics across the country. Thailand Post intends to use blockchain technology for luxury packages and other pricey items. According to, Thitipong Nandhabiwat, the director of Thailand Post, the new technology will come into operation near the end of this year or at the beginning of next year.

“Use of blockchain technology ensures security because no unauthorized person can open a parcel,” he said.

Blockchain is becoming ever more popular in Thailand, with the operator of the national stock exchange also expressing plans to develop a platform for blockchain business. As many as more than 600 companies are expected to join the market place once it comes into operation. The companies already announced their interest at the start of the year when plans for the blockchain market-place was first proposed by the stock exchange authority.

State Railway of Thailand aims to use internet of things to improve its communication systems. Operators will have real-time data about all trains on a specific route, their locations and expected arrival times. In case of a delay, devices installed in trains will inform passengers of the delay. The technology will also help to prevent accidents by relaying information on any breakdown so that approaching trains can be stopped in time.

SRT plans to invest one billion baht in bringing the change and improvement in its communication technology within a span of three years. This was revealed by Sirima Hiruncharoenvate, who is the chief officer of information technology at SRT.

Thailand’s telecom regulator recently agreed to allocate an 800-9000 Mhz spectrum to State Railways of Thailand, paving the way for the communication systems upgrade project.

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