Top Blockchain Companies in Thailand

Thailand has emerged as a leader in the Southeast Asian blockchain industry, garnering attention from investors and technology enthusiasts alike. This article delves into the remarkable growth of the blockchain industry in Thailand, highlighting key statistics, factors contributing to its success, growth across industries, key trends, challenges, and the future outlook.

read full article below
Filter bySearch by company name, registration number or domain name
CompanyHeadcountContactDescriptionDecision Maker
DATAONE ASIA(THAILAND) COMPANY LIMITED111 +66 2 682 6322
dataoneinfo@d1asia.co.th

Dataone Asia (Thailand) Company Limited is an end-to-end ICT service provider serving for various sectors such as BFSI, hospital, telecommunication, retail and government agencies with the mission to empower organizations in Thailand to succeed through reliable, efficient, innovative and secure IT solutions. We seek to deliver best value, outstanding service and continuous innovation to customers and contribute to regional technology development ecosystem. Our core businesses consist of three strategic business units: 1. System integration service with strong focus and competencies of enterprise solution design and delivery, business model creation for the BFSI, government and health care sector 2. Network and security solutions Value Added Reseller for resellers 3. Outsourcing business for organizations with service ranging from dedicated hosting to end-to-end application outsourcing, security managed service

SCB 10X88 +66 2 795 7828
contact@scb10x.com

SCB 10X Co., Ltd. is a holding company of the SCBX Group and was established in January 2020 with a “moonshot mission” to achieve exponential growth through technology innovation and investment focused on disruptive technology, digital assets, blockchain, the metaverse, and web3 via its two arms: Venture Capital and Venture Builder.

BLOCK AERO TECHNOLOGIES33 +852 5440 9966
lucas.sy.pinoli@block.aero

Founded in 2017, Block Aero Technologies is an aerospace 4.0 innovation leader. We drive digital transformation with services and solutions backed by the World’s Most Advanced Aviation Blockchain Platform. We help aviation organizations take control of their data, operations, and collaborative workflows in order to lower their cost of business, reduce turn-around-times, and explore new revenue streams.

SATANG63 +66 2 026 6107
support@satangcorp.com

Satang is dedicated to enhancing peoples quality of life by integrating the convenience of digital asset services into daily routines through a robust platform. Authorized by the Ministry of Finance to operate as a digital asset exchange under the Securities and Exchange Commission of Thailand, Satang has since branched out into subsidiaries focusing on blockchain development and consulting for enterprise clients, as well as space technology for Thailand and the global market.

SIX NETWORK23 +66 92 552 8252
dpo@six.network

SIX Network project focuses on unleashing the true power of digital assets through the power of blockchain and smart contracts to create effective decentralized financial services and a blockchain infrastructure essential for businesses. By providing valuable tools with the flagship products like SIX Protocol and Definix, businesses across industries will be able to build projects on multi-blockchain networks and conveniently access the emerging world of digital asset investment. At SIX Network, were constantly seeking ways to develop the best initiatives in the crypto space. Launched in 2018, SIX Network has undertaken many blockchain-based projects utilizing metadata and smart contracts. Currently, we are preparing to launch our biggest ambition project, SIX Protocol, SIX Networks first-ever public blockchain aims to help bring businesses to the Web3.0 era. Hence, were scaling up our operation to pursue this mission. Why work at SIX Network? - Flexible and casual working environmen…

WHATNOT STARTUP STUDIO17 +66 65 443 1772
ariel@whatnot.co

We work with organisations and teams to help them find new ways of looking at future, innovation, products and whatnot. Be simple, clear, bold, agile and daring to transform. Evolve. We have built extensive experience in the ecosystems of start-ups and brave entrepreneurs. We have seen great ideas fail and doubtful ones miraculously explode. We got our hands dirty. We proudly expose our scars. Our passion lays at making the world cleaner, lands greener, people healthier - therefore we help leaders drive this change.

SILK LEGAL17 +66 2 107 2007
info@silklegal.com

Silk Legal is a boutique law firm that focuses on complex legal matters in Thailand. Our expert knowledge of Thailand’s regulatory climate and handling of commercial matters help you explore solutions to your business needs, offering you a global perspective tailored to your requirements. We are equipped with the experience to help you navigate both present and future challenges facing your business. Our firm specializes in dedicated practice areas such as Corporate & Commercial, Dispute Resolution, regulated substances, Restructuring & Insolvency, and general regulatory matters. We serve both start-ups and multinational companies of all sizes in several industries including Fintech, blockchain & crypto, cannabis, manufacturing, and hospitality. Silk Legal is centered around exceptional client service. Our local and international clients achieve their business goals through our keen legal expertise, qualified services, and personalized legal solutions. Our client’s success is our…

NFT1.GLOBAL5
bd@nft1.global

🚀 BE PART OF THE WEB 3.0 REVOLUTION! 🚀 NFT1 is a Web 3.0 Blockchain technology company that creates state of the art crypto/NFT Engines. These engines enable brands, games, sports/esports, music, event, and art companies to enter Web 3.0 and create true solutions with real-world utility.

21CT RESEARCH8 +66 96 717 9404
admin@21ctresearch.com

21CT Research is devoted to the development and advancement of the already fast-growing blockchain community. Our vision is to introduce the promisingly cutting-edge, yet complicated, blockchain technology to people who are eager to join the community but have yet to overcome the barriers to entry. Our first mission is to help transform the complex idea of distributed ledger technology and all its applications into an easy-to-read, easy-to-understand concept. We offer a simplified and summarized version of a variety of content about Blockchain Technology from the 101s of Bitcoin all the way to the Internet Computer. We aim to make our community as inclusive as possible by offering accurate and comprehensible translation in multiple languages across Asia. Visit our Facebook page at https://www.facebook.com/PubBit.TH Our next mission is to introduce non-technical people to the decentralized applications of blockchain technology through a dApp that we are currently developing. Our goal…

VIALINK15 +66 99 335 7101
info@via.link

ViaLink — a premier B2B commerce platform — is helping businesses realize their untapped potential by bringing together “players” and “services” that are enhanced by advanced data technologies and AI. We believe that commerce should be seamless and efficient, therefore it is our vision to integrate Vialink’s core innovative technologies in all aspects of B2B supply chain needs — from supply, manufacturing, shipping, financing, and insurance. Our cloud-based technology helps eliminate manual processes that are time-consuming and costly in exchange for streamlined, automated, and error-free supply chain solutions. ViaLink members also benefit from a network of operators and suppliers that allows businesses to collaborate and use resources effectively in order to receive better service along the chain. Driving out excess charges from the middle man, members can ensure better goods and services at competitive prices. ViaLink also helps unlock more revenue opportunities by connecting busin…

BELAWS3 +66 92 990 1046
hello@belaws.com

Belaws connects entrepreneurs and corporations with the pre-vetted legal and corporate secretary resources they need in the markets where they operate. For each jurisdiction, a pool of expert lawyers is directly available to you and, for all your legal entities, your corporate and accounting information is at your fingertips. Both value-added work and routine work are efficiently delivered to you in one single place. For complex legal matters involving multiple lawyers (and sometimes multiple jurisdictions), you can appoint one lawyer as the main coordinator to facilitate the execution and delivery of an entire international and/or cross-practice scope of work. Written communication with lawyers is centralized on Belaws on each Job matter page for maximum efficiency. When relevant, calls, virtual, and physical meetings are encouraged to ensure efficient lawyer-client communication. On Belaws, all your legal and corporate secretary matters including associated documents and history …

NOON CAPITAL6 +66 61 176 1767
info@noon.sg

NOON Capital aims at improving the way properties are funded, developed and managed in South-East Asia. We fully integrated our value chain to control costs and execution, and we offer stylish yet affordable spaces to young professionals looking for a genuine neighborhood vibe and sense of belonging. Last December, we completed our first project in Chalong, the upcoming residential district of Phuket, and we are currently working on Phase II of the same development as well as Spazio, a network of co-living spaces in Thailand. We love FinTech too, and we are integrating blockchain technology into our fundraising and property management.

MULTITHREAD LABS2 +66 61 546 2446
sales@multithreadlabs.io

Product development agency

BLOCKCHAIN-ADS10 +66 64 475 2645
contact@blockchain-ads.com

Building the new #Web3 Generation in #Marketing Intelligence & Technology. in the Web3 Vertical, Blockchain-Ads brings GoogleAds Performance and BraveAds Privacy, making it the most effective goal optimisation solution on the planet today. Dynamic Ad mechanics and OCMA technology, Web3 User Profile Targeting On-chain ROI optimization Join Us

PI CARBON2 +66 2 003 1193
contact@perpetual.co.th

“Blockchain Network for Decarbonization“ aiming to reduce global carbon emission by developing an accessible carbon measurement platform for mass adoption involving more stakeholders in the fight against climate change.

THAILAND CRYPTO EXPO1 +66 2 735 1201
admin@thailandcryptoexpo.com

M Vision PCL. This expo aims to shed light on the following: o Offer in-depth understanding of digital assets, blockchain technology, and how these components interact in the cryptocurrency industry. o Assist people, groups, and investors in connecting with crypto specialists and service providers in search of fresh investment prospects. o Establish a unique, perfect platform where people can learn more about how blockchain technology will benefit them in the future and build their businesses. o Hear from and connect with C-Level executives, professionals, and influencers in the crypto-sphere globally. The global adoption of blockchain technology will eventually have a significant impact on every sector of business and industry. Therefore, firms must learn how they will use blockchain to maximize their business and investment potential.

DWP | METATECTURE3 +66 2 267 3939
hongkong@dwp.com

dwp | Metatecture is building a full service web3 studio, which assists our partners in creating digital experiences unique to their own brand. What makes us unique? 30 Years+ of global design and architecture experience across our services. dwp has 14 global locations with 400+ staff. Innovation - using cross-over technologies like AI, blockchain, NFTs and new platforms like Unreal 5 rendering Engine. HCD (Human Centred Design) - focusing on user first principals to provide the most realistic feeling of digital experiences. End to end - supporting clients across IRL (In Real Life) environments and now virtual/digital environments.

9 CAT DIGITAL13 +66 2 441 2923
contact@9catdigital.com

9 CAT DIGITAL is a blockchain-based solution one-stop service agency, that provides comprehensive care by bringing together professionals in each sector, such as developers who expertise in smart contracts and NFT systems, data analysts, researchers, tokenomics designers, and also a marketing agency that builds local and global communities, connects with global VCs, launchpads, and influencers.

FINEMA56 +66 2 211 9995
hi@finema.co

Finema is an expert in self-sovereign identity technology, providing a modern identity platform and its infrastructures the key tools for the digital world. As the world progresses into the digital era, we believe that people should not lose their power to control their data and identity. This is because privacy and trustworthy authentication are a right, not a privilege.—Pakorn Leesakul, CEO Finema helps corporates and government agencies construct their digital identity infrastructures by providing enterprise decentralized identity solutions that comprise a blockchain, an identity mapper, an e-ID wallet, and an identity proofing platform. They can be tailored to a wide range of use cases, such as health, education, finance, and so on. Support for digital signatures, digital ID cards, or other kinds of digital credentials, passwordless authentication, multi-factor authentication, and digital consent is already built-in. We are among the first companies in Thailand to apply and demo…

BITKUB674

Bitkub Group is the largest blockchain technology and digital asset company in Thailand. The passion of “Believe & Beyond” drives us towards our goal of building a digital economic infrastructure and connecting the opportunities between the old world and the digital world that people can cross over safely and confidently not only in Thailand but also on a global scale.

Top Blockchain Companies in Thailand

Key Statistics from 2022: GDP and Employment

As of 2022, Thailand's gross domestic product (GDP) stood at $540 billion, with the blockchain industry accounting for 2.5% of the GDP - a significant increase from 1.5% in 2020. This rapid growth can be attributed to the increasing adoption of blockchain technology across various sectors, as well as the government's supportive stance.

In terms of employment, the blockchain sector has created over 50,000 jobs in Thailand as of 2022. The majority of these jobs are in high-tech fields such as software development, cybersecurity, and data analytics, reflecting the country's growing expertise in the sector.

Factors Contributing to Growth and Success

Government Initiatives

The Thai government has been instrumental in fostering the growth of the blockchain industry through various initiatives. The establishment of the National Digital ID program, which utilizes blockchain technology for secure and efficient identity verification, has been a significant milestone. Additionally, the Bank of Thailand's Project Inthanon, aimed at developing a central bank digital currency (CBDC), has further demonstrated the government's commitment to embracing blockchain technology.

Supportive Regulatory Environment

Thailand's regulatory framework has played a crucial role in promoting the blockchain industry. The Thai Securities and Exchange Commission (SEC) has implemented clear and supportive regulations for initial coin offerings (ICOs), digital asset exchanges, and digital asset brokers. This regulatory clarity has attracted both domestic and international players, bolstering the industry's growth.

Growing Ecosystem

Thailand's blockchain ecosystem has expanded rapidly, with an increasing number of startups, accelerators, and venture capital firms focused on the technology. This growth has fostered innovation and collaboration, further strengthening the industry's foundation.

Industry Growth and Comparison to Previous Years

Financial Services

The financial services sector has been the primary beneficiary of Thailand's blockchain boom. The adoption of blockchain for cross-border payments, remittances, and trade finance has resulted in significant cost savings and improved efficiency. The use of blockchain in financial services has grown by 45% compared to 2021.

Supply Chain and Logistics

Blockchain technology has also made inroads into Thailand's supply chain and logistics sector, with its adoption growing by 40% compared to 2021. Blockchain's ability to provide transparency, traceability, and tamper-proof record-keeping has proven invaluable for industries such as agriculture, manufacturing, and pharmaceuticals.

Real Estate

The real estate industry has seen a 35% increase in blockchain adoption compared to 2021. The technology is being used for property registration, verification, and transactions, streamlining processes and reducing the potential for fraud.

Key Trends

Technological Disruptions

The convergence of blockchain with other emerging technologies, such as artificial intelligence (AI) and the Internet of Things (IoT), is shaping the future of the industry. This fusion is giving rise to innovative applications and business models, driving further growth in the sector.

Decentralized Finance (DeFi)

DeFi has emerged as a significant trend in Thailand's blockchain industry. As an alternative to traditional financial systems, DeFi offers increased accessibility and efficiency through decentralized platforms and services. The Thai DeFi market has grown exponentially, accounting for over $2 billion in total value locked (TVL) C. Non-Fungible Tokens (NFTs)

NFTs have taken the world by storm, and Thailand is no exception. With a market growth of 300% compared to 2021, NFTs have gained traction in various sectors, such as art, gaming, and collectibles. Thai artists and creators are increasingly using NFT platforms to monetize their work, creating new opportunities for both investors and content creators.

Challenges

Regulatory Uncertainty

Despite Thailand's progressive stance on blockchain, regulatory uncertainty remains a challenge. As the technology evolves and new use cases emerge, the regulatory framework needs to adapt quickly to keep up with industry developments. This uncertainty can hinder innovation and deter potential investors.

Scalability and Interoperability

Scalability and interoperability are significant challenges facing the blockchain industry in Thailand. As the adoption of blockchain increases, the technology must be able to handle growing transaction volumes without compromising performance. Additionally, seamless communication and collaboration between different blockchain networks are essential for widespread adoption.

Talent Shortage

As the demand for blockchain professionals in Thailand continues to grow, a talent shortage poses a significant challenge. Developing a skilled workforce to meet the industry's needs is critical for its long-term success. Educational institutions, government agencies, and the private sector must work together to address this gap.

Future Outlook

The future of Thailand's blockchain industry looks promising. As the technology matures and more use cases are identified, the sector is poised for continued growth. Key factors that will shape the industry's trajectory include:

Continued Government Support:

As the Thai government remains committed to fostering the blockchain ecosystem, further initiatives and investment are expected to drive growth in the coming years.

Expansion into New Sectors:

As blockchain technology continues to prove its value, adoption is likely to spread across various industries, such as healthcare, energy, and education.

International Collaboration:

Thailand's blockchain industry is well-positioned to collaborate with other regional and global players, driving innovation and promoting cross-border cooperation.

Focus on Sustainable Development:

As Thailand grapples with environmental challenges, blockchain technology could play a crucial role in promoting sustainable development. For example, the technology can be employed to enhance transparency in carbon trading and monitor renewable energy projects.

Conclusion

In conclusion, Thailand's blockchain industry has experienced remarkable growth, driven by supportive government policies, a growing ecosystem, and increasing adoption across various sectors. As the industry continues to evolve and overcome challenges, it is poised to make a significant impact on the country's economy and position Thailand as a global leader in blockchain innovation.

undefined's picture
By Melissa Goh
Published on 29 May 2023