Thailand: Central Bank Issues Report on Results of Project Inthanon

On January 29, 2019, the Bank of Thailand (BOT) published a report on the results of the first phase of Project Inthanon and the next steps. Project Inthanon seeks to develop and test a proof of concept (POC) for domestic wholesale fund transfer using a wholesale central bank digital currency (CBDC).

Phase I of the project was conducted between August 2018 and January 2019, involving R3 and eight participating banks with the aim of exploring the potential for using distributed ledger technology (DLT) and its application in the financial market.

To continue reading please log in or request a demo to speak to a member of the team.