Major Thai commercial bank, Kasikorn Bank or KBank, has revealed that as part of its mission to develop sustainable social growth in Thailand’s economy, it will be looking into how blockchain technology can help drive local communities to become more financially independent.
Kattiya Indaravijaya, President of KBank, said the bank is keen to address emerging problems in Thai society and be a part of sustainable growth in the economy and environment through partnerships with government agencies or the public sector; in this case, through the Stanford Thailand Research Consortium. She stated:
“Our partnership with the Stanford Thailand Research Consortium will help solve many challenges in Thailand and seek how to tackle these matters. Given Stanford’s strength in transformational leadership, we are certain that this should be a crucial mechanism for embedding sustainability mindset for everyone to sustainable develop Thailand altogether from both ‘Do Good’ and ‘Do Well’ aspects.”
Kattiya added that emerging technologies such as blockchain can also play a vital role in driving sustainability for the Thai people, with the bank looking into ways to implement the technology.
The Stanford Thailand Research Consortium, launched in 2018, is a five-year project and the first-ever research consortium made up of an extended pool of Stanford resources, with 22 professors and faculty experts from 9 schools to perform all-encompassing research in Thailand.
The consortium has also gathered leading Thai companies that have pledged to help the country develop into a digital, intelligence-driven economy. According to the consortium, the central themes to drive development in Thailand are raising human values, increasing economic prosperity, social well-being and environmental protection.
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