{"id":29610,"date":"2020-10-05T13:50:50","date_gmt":"2020-10-05T10:50:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29610"},"modified":"2025-08-27T17:57:44","modified_gmt":"2025-08-27T14:57:44","slug":"thai-central-bank-uses-ibm-blockchain-to-issue-1-6-billion-in-government-savings-bonds","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/thai-central-bank-uses-ibm-blockchain-to-issue-1-6-billion-in-government-savings-bonds\/","title":{"rendered":"Thai central bank uses IBM blockchain to issue $1.6 billion in government savings bonds"},"content":{"rendered":"<p>The Bank of Thailand (BoT) has launched the world&#8217;s first blockchain platform for issuing government savings bonds. IBM, the technology giant, assisted the regulator in implementing the project, according to <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bank-of-thailand-launches-worlds-first-government-savings-bond-on-ibm-blockchain-technology-301145253.html\" target=\"_blank\" rel=\"noopener noreferrer\">\u043f\u0440\u0435\u0441\u0441-\u0440\u0435\u043b\u0438\u0437\u0435<\/a>.<\/p>\n<p>Over two weeks, BoT issued government bonds totaling $1.6 billion. IBM Cloud technology shortened the process from 15 days to two and reduced operating costs.<\/p>\n<blockquote>\n<p>&#8220;In the past, the sale of government savings bonds was a complex and labour\u2011intensive process with duplicated verification steps <\u2026> Blockchain technology optimises the processes of issuing bonds for issuers, underwriters, registrars, investors and other key participants in the ecosystem,&#8221; the statement said.<\/p>\n<\/blockquote>\n<p>BoT plans to migrate government bonds to the blockchain for retail and wholesale investors. Commenting on the platform&#8217;s launch, IBM&#8217;s Thai unit vice president Patama Chantharuk said that the regulator&#8217;s success in delivering the project is one of the examples of how technology is changing the way enterprises operate.<\/p>\n<p>Earlier, BoT began work on a prototype of a national digital currency. The solution is expected to increase the efficiency of payments for businesses.<\/p>\n<p>As reported in September, the first issuance of bonds on the SGX blockchain platform <a href=\"https:\/\/forklog.com\/en\/news\/singapore-exchange-completes-first-blockchain-based-bond-issue\">completed<\/a> by the Singapore Exchange. HSBC Singapore and the investment holding Temasek participated in the project.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Thailand (BoT) has launched the world&#8217;s first blockchain platform for issuing government savings bonds. IBM, the technology giant, assisted the regulator in implementing the project, the press release said.<\/p>\n","protected":false},"author":1,"featured_media":29611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[25,1431,68,1266],"class_list":["post-29610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain","tag-bonds","tag-ibm","tag-thailand"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=29610"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29610\/revisions"}],"predecessor-version":[{"id":29612,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29610\/revisions\/29612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/29611"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=29610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=29610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=29610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}