Cryptocurrencies and blockchain technologies have redefined the way payments, and settlements are now exchanging and being transferred throughout the world. Owing to their decentralized nature, virtual currencies including Ripple’s XRP are immune to challenges such as government bureaucracy and inflation to mention a few.

But everyone knows, cryptocurrency is a perfect medium for sending and receiving large sums of money from one part of the world to the other.

In recent time, the cryptocurrency market has been experiencing the emergence and introduction of new applications into the cryptocurrency ecosystem that allows merchants and users to trade, store, and exchange virtual currencies such as BTC and XRP.

Despite the progress that is being made in the cryptocurrency world, many governments and nations are still on the fence when it comes to incorporating and adopting blockchain technology.

However, Thailand seems to be going against the tides as it is eager to embrace the revolutionary technology while other countries such as the US are still trying to figure out the technology and how best they can implement it in their current operations.

Thailand is so much into blockchain technology and cryptocurrency that they are already plotting on how they can come up with their own central bank virtual currency(Ripple’s aim right from the beginning has been to make XRP a base currency for banks, so probably a pair made in heaven?).

Subsequently, Thai regulators have been making substantial progress since 2017; from permitting exchanges and ICOs to conduct their operations in the country to inaugurate a cryptocurrency license company.

The country has also caught the attention of international companies that are impressed by their clear-cut and decisive regulations governing foreign blockchain companies. Thailand is quickly emerging as an example worth emulating across Southeast Asia, and as a country worth the attention of cryptocurrency and blockchain startup founders as it is a fertile ground for the technology.

What is TOK Cryptocurrency Exchange?

TOK is a new cryptocurrency exchange service that generally attends as a wallet to hold virtual currencies as well as a mobile exchange. In addition to this, other attributes of TOK include:

A Multi-Blockchain Asset Supporter

What this says is that TOK is a platform that has the capabilities to serve as a wallet for any listed virtual currency users may decide to store in it. In addition to that, TOK has a trading capability that allows users to directly trade digital assets straight from the account/wallet with minimal security risks and conversion losses.

Mobile Exchange Capabilities

When using TOK, users have the full capabilities to exchange between virtual currencies and fiat currencies by merely using their smartphones and handheld devices. This means that whether users are working or on holiday, they can access their accounts/wallets and make the right deals at any particular time.

Offline Security Functionalities

TOK as an exchange platform is not only convenient, but it also has high-security capabilities that allow users to control how much digital assets they are storing offline. This functionality gives users the surety that their digital assets are safe and secure even when they do not access their digital assets for a long time.

No Trade Fees

Another major attribute of TOK as a platform is that they do not charge extra levy fees for transactions of any kind on their platform.

Thailand Cryptocurrency Exchange, TOK, Listing XRP

As a versatile decentralized chat application developed on Ethereum’s Blockchain, TOK is offering its users with classic attributes of a chat app as well as a user-friendly in-built cryptocurrency wallet.

A couple of days ago, Thailand based crypto exchange, TOK, announced to the world its operations towards listing Ripple’s default cryptocurrency, XRP, onto their platform. Starting November 13, 2018 (till yesterday), users could only deposit and withdraw XRP coinage on the TOK platform. But from today, users can begin trading XRP with BTC pair on the platform.

This move promises to have immense benefits for both entities as Ripple stands to become more popular in Thailand while TOK stands to enter into the league of exchanges trading the popular crypto, XRP.

*This post is credited to Globalcoinreport

The Thai branch of U.S. global IT company IBM will promote blockchain and artificial intelligence (AI) in order to turn the country into a major sales hub in the surrounding region, English-language daily news outlet The Bangkok Post reports Wednesday, Nov. 14.

According to the article, IBM is going to promote blockchain in collaboration with the country’s central bank, Bank of Thailand. A recent survey by IDC-IBM shows that global spending on blockchain will reach $9.7 billion by 2021.

Moreover, IBM is also discussing the possibility of blockchain education in local schools and universities, aiming to provide enough member of the workforce for the industry in the nearest future.

IBM concurrently plans to use Watson AI, a computer system equipped with AI and capable of answering questions by using its database, to find insights for different areas in the country, such as retail, education, finance, business, and energy.

Thai officials have recently started applying blockchain in different areas. In early October,  the Thai Ministry of Commerce revealed it started conducting feasibility studies on the use of blockchain in copyright, agriculture, and trade finance. And later in November, the local Revenue Department announced its plans to track tax payments using blockchain and maсhine learning.

As Cointelegraph previously reported, IBM is also actively promoting blockchain technology, elaborating decentralized solutions for different areas in numerous patents. In late August, the number of patents filed by IBM comprised 89, which made the U.S. corporation one of the biggest players in the area, surpassed only by China’s Alibaba with its 90 applications.

IBM has filed several more blockchain-related patents since then, including patents for a blockchain-driven platform for scientific research and another for the decentralized storage of trusted locations for augmented reality (AR) games.

*This post is credited to Cointelegraph

Thailand Gets Ready For Its First ICO Portal

The securities regulator of Thailand has affirmed that at least one Initial Coin Offering (ICO) portal will be opened in the country in November. Rapee Sucharitakul, the secretary general of Thai Securities and Exchange Commission (SEC) has affirmed that ICOs will possibly start to be regulated in the country by December.

It looks like the market for cryptos and ICOs in Thailand might just be starting to be on the right development track as regulation is started to be enforced in the country for these cases. Everything began with a royal decree back in May that was used to confirm the development of a framework for cryptos in the country. Now, the Thai SEC will regulate and oversee the whole process.

First, the companies will have to applicate for the new regulation and then they will have a 90 day to comply with the regulation created by the SEC, which is trying to diminish the risks of the markets in the country. Also, the SEC has affirmed that it will not amend the royal decree in any way.

However, the authorities are not necessarily pro-ICO yet. They affirm that ICOs are always very risky and that regulation will diminish the risks for the scam but that there are still issues to be solved.

At the current moment, there are six businesses trying to operate digital asset exchanges in the country: Bitcoin Co (bx.in.th), Bitkub Online Co Ltd (bitkub.com), Cash2Coins Co Ltd (cash2coins.com), Satang Corporation Co Ltd (tdax.com), Coin Asset Co Ltd (coinasset.co.th) and Southeast Asia Digital Exchange Co Ltd (seadex.io).

The two businesses trying to operate as digital asset dealers are Coins TH Co (coins.co.th) and Digital Coin Co Ltd (thaiwm.com).

Another platform that could receive some attention is J Ventures Ltd, a subsidiary of Jaymart Plc., which has been wanting to create its own decentralized digital lending platform for quite some time now.

By approving these entities and their businesses, the government and the regulatory agency hope to create a safe environment for the people who want to trade these assets free of legal trouble and uncertainty.

In somewhat related news, the country is now trying to use the blockchain technology in the validation of taxes paid by the citizens in an effort to speed up the tax refund process. This, the government believes, could be very beneficial for the whole process.

*The post is credited to Bitcoin Exchange Guide

Three defendants accused of defrauding a Finnish man of over 5000 BTC, worth $24 million at the time, have pleaded not guilty to money laundering charges. Prinya Jaravijit and his younger siblings Supitcha and Jiratpisit entered the pleas in a criminal court in their native Thailand, as reported by the Bangkok Post.

The case involved a fake crypto called Dragon Coin, which was apparently to be used for gambling purposes, as well as a software company called Expay Software Co. 21-year-old Aamai Otava Saarimaa invested his BTC between June and December 2017, and it was subsequently appropriated and laundered through a number of different wallets by the Jaravijit siblings’ parents.

The parents of the siblings face more serious charges, as they were the ones directly laundering the Bitcoin assets. Staff at three major Thai banks are also suspected of involvement in the fraud.

Most of the funds were used to buy real estate in various places around Thailand. The younger Jaravijit brother Jiratpisit, a 27-year-old TV actor also known as “Boom”, spent 43 million baht ($1.3 million) buying land in the Chatuchak district of Bangkok

The victim no longer wished to press charges after his funds were returned to him, but Thai law enforcement is going ahead to get a conviction. The next court date is set for December 24, when evidence and witness lists will be examined in preparation for the trial.

*This post is credited to Chepicap 

The Thai Securities and Exchange Commission (SEC) has issued a warning about investing in nine digital tokens and Initial Coin Offerings (ICOs), which have not been accredited by the regulator, news outlet Bangkok Post reported Oct. 26.

The SEC reportedly initiated an investigation into digital tokens and ICOs being promoted on social media platforms for investment, and found nine cases wherein promoted digital assets had not been authorized by the market regulator.

Per the SEC, the alleged digital assets and ICOs have neither filed an application for the SEC’s approval, nor have they met the necessary qualifications and had smart contracts assessed by ICO portals. The SEC said that those who have invested in the alleged assets should be wary of associated investment risks.

The SEC reportedly reiterated a warning about Ponzi schemes that persuade people to invest in digital assets by promising investment returns generated from tokens. “Information disclosure for investment decision-making is also inadequate, while these digital assets might not have sufficient liquidity to trade and cannot be converted into cash,” the regulator added.

In August, the SEC said that almost 50 ICO projects expressed interest in becoming certified following the Finance Ministry’s announcement to introduce ICO regulations. The authorization process takes up to five months as upon submission of an application, the SEC will transfer the document to the Finance Ministry within 90 days. After that, the Ministry has 60 days to make a decision whether to approve a license.

Later that month, the SEC approved seven businesses to conduct cryptocurrency operations as part of the formalization of the country’s domestic market. The move forms part of a package of “transitional” rules governing crypto businesses operating in Thailand prior to the first tranche of regulations that came into force May 14.

The 100-section law defines cryptocurrencies as “digital assets and digital tokens,” and brought them under the regulatory jurisdiction of the SEC. Thai Finance Minister Apisak Tantivorawong reportedly assured that the new measures are not intended to prohibit cryptocurrencies or ICOs.

*This post is credited to CoinTelegraph

Thai authorities have arrested a prime suspect involved in a cryptocurrency scam worth 797 million baht.

Details of the Arrest

The Thailand Police arrested Parinya Jaravijit, elder brother of Thai actor, Jirapisit “Boom” Jaravijit, on October 11 (Thursday), at the Suvarnabhumi Airport. Parinya was afterward brought before the Ratchadapisek Criminal Court on October 12 his detention application. His detention will last for 12 days, starting from today, October 12, through October 23.

According to The Nation, the suspect’s family and his lawyer earlier prepared assets worth Bt20 million for Parinya’s release on bail. However, the Thai police rejected Parinya’s offer for a bail release. This is based on the fact that the suspect was likely to abscond and the case caused extensive damages.

Parinya Jaravijit is a key suspect in a Bitcoin scam worth 797 million Baht. Parinya is currently slammed with double charges involving money laundering activities and fraud. After his capture at the Suvarnabhumi International Airport, the CSD interrogated him in the presence of his lawyer.

Pol Colonel Chakrit Sawasdee, CSD deputy chief, stated that the Immigration Police in the U.S. revoked Parinya’s passport, thereby blocking his entry. Parinya had to come back to his country. Parinya, however, maintains he is innocent.

Previous suspects, Chakris Ahmad, a businessman, and Prasit Srisuwan, an investor, said they were innocent. However, after settlement talks in September, the complainant dropped all charges against Ahmad and Srisuwan.

The CSD deputy chief stated that Suwit and Lertchatkamon Jaravijit, parents of Parinya, will face money-laundering charges on Wednesday, October 17.

The 797 million Baht Bitcoin Scam

Earlier in August, Bangkok police arrested famous Thai actor, Jiratpisit “Boom” Jaravijit, in a cryptocurrency scam worth 797 million Baht. Jiratpisit and his gang deceived a Finnish businessman into sending Bitcoins to buy shares in companies that invested in Dragon Coin’s ICO.

The victim transferred 797 million worth of BTC to the suspects’ e-wallets. The Finnish somewhat became suspicious when there was no invitation to board meetings of said companies. Consequently, the victim informed the Thai authorities, leading to the arrest of Jiratpisit and seven others, including siblings Parinya and Supitcha.

The Thai authorities also confiscated assets worth 200 million baht. Jiratpisit, however, denied the charges against him and the Thai police temporarily released him on a 2-million baht bail bond. The actor was also told not to leave the country.

*This post is credited to Ethereum World News

The Thailand Institute of Justice (TIJ),in collaboration with the United Nations Office on Drugs and Crime, Regional Office for Southeast Asia and the Pacific (UNODC), organized a seminar to explore effective solutions in combating cryptocurrency-related crime. In this seminar, practitioners, experts, law enforcement officers, and lawmakers joined hands to discuss and exchange knowledge, perspectives, and ideas on how justice institutions can benefit from the utilization and maximization of technology to prevent illicit activities and to respond to crime in this digital age.

The seminar, entitled “Advancing the Economy and Combating Crime in the Digital Age: Cryptocurrency and Crime”, was held on August 30th, 2018 in Bangkok.

At the event, Air Chief Marshal Dr. PrajinJuntong, Deputy Prime Minister andMinister of Justice, and the Deputy Regional Representative of the UNODC, Mr. JulienGarsany, delivered the opening remarks. In his speech, Dr. Prajin stressed the nature of cryptocurrency as a monetary medium that could be used for both good and sinister purposes. While technology can be used as a tool to uplift and enhance economic capacity of nations, it is necessary to have appropriate regulatory measures that will ensure the transparent use of cryptocurrency.

The topics of discussion encompassed many aspects of cryptocurrency, including the history of cryptocurrency, its functions and application, and its legal and societal effects and ramifications on the society.

1. Financial Technology Innovation and the Future of Money

The first session provided an overview of cryptocurrency, specifically on its types, functions, how it came to be, and how it will affect financial transactions, including its effects on FIAT money, such as cash and credit cards.

According to the discussions, the phenomenon of cryptocurrency can have profound effects in many areas such as information technology, financial regulations, and business transactions. The presence of cryptocurrency brings about new financial requirements and dilemmas; the transitions in the business transactions from conventional monetary medium, like cash, to digital currency, will necessitate further consideration of new security concerns.

As an expert on cryptocurrency, Mr. PoraminInsom, founder of Zcoin and the TDAX Crypto Currency Exchange, stated that understanding of the currency and the technology associated with cryptocurrency are very important. He stressed the need of the Thai government to embrace innovation, and to allow cryptocurrency to grow, as too much control can destroy technological innovation and understanding. Dr. BhumeBhumiratana, consultant at the Securities and Exchange Commission, on the other hand, focused the importance of proper regulations; he stated that it is extremely vital to have proper regulatory frameworks, not dissimilar from those that govern conventional monetary mediums, and that cryptocurrency cannot exist without FIAT money. Governor on the Board of Governors of the Stock Exchange of Thailand, and Director of the National Innovation Agency, Mr. PrinnPanitchpakdi, pointed out the needs to have fair and just application of regulatory measures. His statement pointed to the need to have proper and realistic goals and expectations in the development and application of such regulations.

2. The Crypto Crime Wave

The second session focused on the global trends of cryptocurrency-related crime. The speakers of this session come from many background, both domestic and international. These experts introduced and discussed emerging types of new crime involving digital money; some reportedly significant trends are money laundering, terrorism financing, transnational crimes, and trafficking in person and drugs.

Mr. AlexandruCaciuloiu, Cybercrime Project Coordinator, UNODC Regional Office for Southeast Asia and the Pacificprovided explanation on the nature of cryptocurrency. He stated that cryptocurrency operates on a platform known as ‘blockchain’, which act as a shared but decentralized server for cryptocurrency transactions. The heavily encrypted nature of cryptocurrency, combined with nigh-anonymous property make cryptocurrency very attractive to criminals. Another important aspect of cryptocurrency, he stated, is its abilities to bypass borders and regulations. As this technology is still relatively new and not yet clearly understood, regulatory and legal responses are slow. This allows criminals to use it for transnational crime. In response, regional and international cooperation is needed to prevent, detect, investigate, and prosecute criminals and their networks.

Apart from the representative from UNODC, key speakers of the second session also includeMr. Dian Ediana Rae, Vice Head of Indonesian Financial Transaction Reports and Analysis Centre FIU/PPATK; Pol. Lt. Col. Dr. NarinPhetthong, Specialized Officer, INTERPOL;and Representative from the Australian Federal Police

The experts expressed the opinions that it is necessary to assess laws and regulations from different countries as an effective measure to tackle these emerging threats. The speakers provided examples of good practices, measures, and policies from various countries, especially Australia, Singapore, and Indonesia. The speakers also emphasized the importance of cooperation between various nations’ law enforcement agencies, which will enhance their capacities and strengthen their efforts to prevent criminals and organized crime networks who seek to utilize cryptocurrency for illegal purposes.

3. Justice Dialogue on Cryptocurrency Crime

The final session involved a panel discussion between variousrepresentatives of Thai justice entities, including Mr. ChartpongChirabandhu, Deputy Director General of the Department of Special Litigation, Office of the Attorney General; Mr. WitthayaNeetitham, Secretary, Anti-Money Laundering Office;Pol. Col.PisalErb-Arb, Deputy Commander, the Narcotics Suppression Bureau; Pol. Lt. Col.PatanaSugarasut, Special Case Expert, Department of Special Investigations (DSI); and Pol. Capt.EkkanitNatethong, Deputy Inspector Technology Crime Suppression Division, Royal Thai Police.

The panel exchanged perspectives on the many challenges faced by lawyers and law enforcement officers in dealing with cryptocurrencycrime. In addition, examples of criminal cases involving cryptocurrency were provided, most notably, the “AlphaBay” case.

The speakers also highlighted the challenges faced by Thai law enforcement agencies and justice institution. The most pressing concerns, according to these experts, are the lack of technical knowledge and practical know-how, lack of appropriate equipment, and the confusing and inaccessible nature of the relevant laws. One major concern is the difficulty in gathering of digital evidence; as the law is not easily understood, there can be clashes in interpretations from various entities. Furthermore, due to the inaccessible nature of the legal mechanisms, the presentation and admissibility of such evidence in court could also be affected, rendering this problem a major cause for concern to the speakers. The panel concluded the discussion by stressing the importance of proper understanding of the technology and its subsequent regulatory measures, and the cooperation efforts by all sides, as the most important factors in combatting this emerging threat.

Technology is a double-edged sword, while it may be utilized to uplift and enhance the society, it may also be used by those with less scrupulous agendas to exploit and take advantage of others. It is therefore important to understand the principles behind both the value of cryptocurrency, and the technology of cryptocurrency itself. As the world moves inexorably forward, it is imperative that we as a society adapt and prepare for the future. One must bear in mind that cryptocurrency is a global phenomenon that will require insights from various entities from all levels, whether at domestic, regional, or international level. The new age brings with it new challenges and opportunities, and the only way to move forward is to understand the technology, and to properly embrace and manage it.

*This post is credited to NationMultiMedia

While cryptocurrencies are more accessible than ever before, there’s still a long way to go until cryptocurrencies are perfectly regulated in most of the world’s countries. While Europe and America are still trying to figure out how to accurately and efficiently regulate cryptocurrencies, a wide array of Asian countries have been quick to enact laws, ground rules, and regulations.

Not only did Asian regulators understand the importance of the blockchain and cryptocurrencies, but most of the Asian banks have also become aware of the fact that the adoption of the underlying technology of blockchains is inevitable. Hence, most Asian country governments have understood the importance of protecting their monetary sovereignty while still allowing innovations to take place.

Here is our list of Asian countries that have fully, partially, or slightly adopted blockchain:

Japan

Our list starts with Japan, one of the most influential Asian countries when it comes to a great deal of things, including the adoption of cryptocurrencies. Not only is Japan one of the most crypto-friendly countries (and one of the earliest adopters of crypto), but it’s also the place where Satoshi Nakamoto, the mysterious pseudonym associated with the creation of the Bitcoin platform, is believed to have started his operations.

The first major regulatory intervention took place after the Mt. Gox crash in 2014 and, thanks to a very lenient and business-focused government, cryptocurrency operations have been since thriving in Japan. For example, in April 2017, Bitcoin has been recognized as a legal tender in Japan. 2017 was also the year in which Japan’s Financial Service Agency (FSA) approved 11 exchange operators. The government has set up a legal framework through the PSA (Payment Services Act) that legalizes the use of cryptocurrencies as an official payment method.  Nowadays, the crypto scene is pretty much vibrant in Japan.

China

China’s start with cryptocurrencies can be described as nothing short of enthusiastic, which led to dramatic rises in Bitcoin prices, among others. Back in the “olden” days, China was considered a haven for cryptocurrencies, and Chinese exchanges accounted for almost 90% of the daily trading volume for Bitcoin alone.

As faith would have it, the Chinese government has cracked down upon both crypto exchanges and mining operations within the country. In 2017, the People’s Bank of China also banned initial coin offerings (ICOs) within the country. The government’s pressure was so high that various Chinese crypto exchanges either relocated or stopped accepting Chinese currency.

Thanks to the cheap electricity in China, crypto mining was extremely popular (some estimate that 70% of all Bitcoin mining took place in China). In the following months since the government’s decision, many miners left the country and set up operations in Canada, Iceland, and other crypto-friendly countries. Unsurprisingly, this major change has affected the global crypto market and has even led to a crash.

Bitcoin and other cryptocurrencies are not fully banned in China, but the government did rule that cryptocurrencies cannot be used as a legal currency in the country. In the middle of what might seem like a fiasco, the Chinese government has made its stance on cryptocurrencies quite clear, meaning that it understands the importance of such technologies. China is already looking towards introducing its own version of Bitcoin to substitute the national currency.

South Korea

South Korea has seen its fair share of cryptocurrency innovations and has recently made various headlines. For the last couple of years, South Korea emerged as a slightly crypto-friendly country. Last year, South Korea was the third biggest market for Bitcoin trading and the largest market for Ether trading in the world. This was until January 2018, when the government followed the example of China and cracked down on the virtual exchanges. The government even issued various official statements regarding the ban of cryptocurrencies and pointed at the fact that they are used for various criminal activities and money laundering. Even though the government’s stance has softened since January, there’s still no guarantee that South Korea will ever become the crypto force it once was.

Thailand

While regulators from all around the world still have various problems when it comes to categorizing cryptocurrencies, Thailand has stepped forward as one of the most prolific ecosystems for crypto adoption. Earlier this year, authorities have issued an emergency decree that resulted in the creation of the Digital Asset Business Decree. It defines both crypto and digital tokens, and it introduces a tax so that the government can benefit from the growing industry.

Even though Thailand still has a lot of work until its regulations will be perfectly accurate and relevant, the country does a good job at formalizing the process of crypto exchanges and ICOs. One interesting aspect is the fact that all ICOs and trades must be paired with one of seven officially acknowledged cryptocurrencies.

Taiwan

As some Asian crypto countries seem to prefer to tighten the rules, Taiwan is yet another country that might become a safe haven for cryptocurrencies. The Taiwanese government’s view on cryptocurrency can be viewed as “neutral.” Slowly but surely, Taiwan continues its journey towards becoming an important crypto hub in the Asian scene, with more banks developing their own cryptos and with various trading platforms already in the game.

Indonesia

After maintaining a firm stance against cryptocurrencies for quite some time now, Indonesia’s government has recently legalized crypto trading. Various important figures within the nation’s government have also hinted at the fact that cryptocurrency exchanges might be subjected to various regulations as well.

Even though Asia seems to have a very nice fascination with cryptocurrencies, it’s worth keeping in mind that this is a relatively new technology and that it’s quite normal for governments to have hesitations or make mistakes when it comes to regulating cryptos. At the time of this writing, Asia has a fairly balanced crypto situation with countries such as Japan that fully embrace the technology, others like South Korea that are becoming more and more restrictive, and some like India that seem to be very much confused about the whole condition.

*This post is credited to UseTheBitcoin

 

New regulations drafted by Thailand officials demand that electricity producers using blockchain be charged additional fees. Government regulators fear an explosion in independent power generation will lead to a reduction in revenue.

Electricity Generating Authority of Thailand (EGAT) has demanded the fees be paid as a subsidy for potentially destabilizing effects blockchain technology brings, Nikkei Asian Review reports.

“The number of household solar rooftop power generators is increasing rapidly. That’s why the Energy Regulatory Commission (ERC) needs to develop regulation that is fair for everybody,” declared ERC member Viraphol Jirapraditkul.

There is a growing number of Thai companies leveraging distributed ledger technology (DLT) to help homeowners profit from rooftop solar systems. A new generation of blockchain-savvy consumers is muscling the state-owned utilities out of profits by buying and selling surplus solar energy on decentralized peer-to-peer (p2p) energy markets.

As the markets grow bigger, less electricity is being purchased directly from the state-run utilities, meaning less profits for the traditional power industry.

Here, we are witnessing the decentralization of the energy sector, in Thailand at least. Andreas Antonopolous thinks that this is one of the “most important trends in human history.” Despite the benefits of p2p energy markets, the fact that governments can just impose additional fees to compensate puts a real dampener on things.

It was only a year ago that Thailand rolled back strict restrictions on non-government solar power generation. Bangkok Post reported that the Thai government allowed households and businesses to sell surplus energy generated by solar panels back to EGAT last September, but I guess it didn’t count on blockchain being adopted by the p2p energy community so quickly.

*This post is credited to TheNextWeb

Jireh Group and Exochain are excited to announce a major partnership to deploy Exochain’s mission critical blockchain protocol for heightened security, enhanced efficiency, and data transparency throughout Jireh’s healthcare brands.

Jireh Group’s connected healthcare applications cover GetDoc™, GetDocPlus, GetDocPay, GetDocSays, PreOpinion, Rapha Diagnostics and Hippo IOT Devices. With more than 65,000 registered downloads, 30,000 paid GetDocPlus users and a network of more than 1500 clinics across Singapore, Malaysia, and Thailand, a deep tech blockchain technology will enhance and facilitate new business opportunities and bring benefits to individuals.

Exochain is currently conducting an ICO to raise presales of US$15 million and have secured exclusive markets access contracts with Bluecloud and ACRES representing 1,100,000 users and over 60,000 industry stakeholders. Exochain’s protocol enables the safe sharing of data across organizations such as banking, healthcare, legal, logistics, and insurance.

This partnership will allow both organisations to tap synergies and market access between North America and Asia. Combining the best of both teams will accelerate adoption of blockchain required to achieve secure identity wallets, smart contracts, and patient records, which are vital for accurate diagnostics and medical adherence.

Mr. Woon Shung Toon, CEO and Founder of Jireh Group and GetDoc, said, “This partnership with Exochain brings the deep tech that helps accelerate our blockchain strategy. Partnering with Exochain allows all the verticals that we operate for stakeholders and actual users to realize the benefits of the blockchain.”

Mr. Robert E. Stewart, CEO of Exochain, said “Together with Jireh Group, we will turn a fragmented medical industry into a customer driven, data centric solution to benefit each and every user. We see shared values and a common goal leveraging technology for societal good.”

About Jireh Group

Jireh Group is a technology company driven to improve the quality of healthcare experience for both patients and clinicians, transforming healthcare management and improving lives through a series of independent and synergistic technology platforms and Internet of Things (IoT) devices. We have a focused and passionate team, bent on building the best user experience solutions for healthcare.

About Exochain

EXOCHAIN is a U.S. blockchain company developed by some of the brightest technical and legal minds. Exochain’s smart contract infrastructure platform secures the sharing of mission critical identifying data in multiple industries like healthcare, finance, logistics, and insurance.

*This post is creditred to prnewswire.com