With the significant development of blockchain, many countries have realized the potential of this technology. Recently, CP Foods (Charoen Pokphand Foods Public) of Thailand has integrated blockchain technology into its operations.
- According to Bangkok Post, CP Food has applied blockchain technology to trace the origin of its products. With this technology, the company can quickly check its products, ensure 100% quality for fresh meat products, and ensure hygiene issues.
- The expansion and adoption of blockchain technology in Thailand is increasing. It comes at a time when Thailand’s national stock exchange service provider is also working towards launching an exchange for startups using blockchain technology.
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- This is an integration step of CP Food as well as of Thailand, with countries in Southeast Asia Thailand is the leading country in blockchain technology in this region. This action of Thailand seems to be a “fire starter” to promote neighbouring countries to develop the digital industry.
- In addition to the manufacturing sector, Thailand has also previously applied this technology in two areas, postal and railway, at the end of 2017 and early 2018. Following this development trend, Thailand will expand the application of this technology in its country in the near future.
