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R3 renews Bangkok Bank deal, expands Thai workforce
Growing interest from corporate clients in deploying enterprise blockchain solutions
4 Mar 2021 | The Asset

Enterprise blockchain software firm R3 will expand its workforce – consisting of in-market sales and pre-sales roles – in Thailand following the renewal of its partnership with Bangkok Bank, underscoring its commitment to the Thai market and its local partners.

Through its partnership with R3, Bangkok Bank will have the ability to leverage R3’s flagship enterprise blockchain platform, Corda Enterprise, to streamline business operations across its trade finance, capital markets, and supply chain businesses. The bank is also planning to ramp up Corda training for their internal teams and is exploring new Corda-based solutions within the trade, payments and supply-chain space.

Bangkok Bank has cemented itself as a leader in blockchain innovation and is a founding member of Contour, a blockchain-based open industry platform to create, exchange, approve, and issue letters of credit on Corda.

“In 2021, we are seeing growing interest from our corporate clients in deploying enterprise blockchain solutions tailored to their industry-specific needs,” notes Ian Guy Gillard, senior executive vice-president at Bangkok Bank and R3 board adviser. “Consequently, we have renewed our annual subscription of Corda Enterprise for the full licensing plan.”

“The partnership renewal with Bangkok Bank, together with our recent in-market hires, demonstrates R3’s commitment to support our current and future partners in Thailand," adds Amit Ghosh, R3’s head of Asia-Pacific. "As we see new opportunities and innovations coming from Thailand, and as we continue to work with some of the Thai ecosystem’s largest actors—we want to ensure that we have the appropriate resources in place to continue providing our partners with transformative tools to meaningfully improve their business."

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