BitcoinWorld

Thailand (Courtesy: Twitter)
Blockchain News

Thailand To Move Judicial System Into Blockchain

Thailand (Courtesy: Twitter)
Thailand (Courtesy: Twitter)

Cryptocurrency has grown leaps and bounds in the recent times and now taking over the world. In a recent development, Thailand’s largest court system is developing a blockchain storage network that will move judicial information entirely online when it debuts in Thai Courts of Justice in 2021.

Already in the midst of a national digitization campaign, the Office of the Court of Justice, which oversees 91% of Thai courts, said Thursday that it is “actively developing” the blockchain network.

Details are scant on the newly revealed blockchain project, and it was unclear at press time if Thailand is building the network with private sector help.

The announcement called the network “in-house.” Court officers could not immediately be reached for comment.

But the system, expected to launch next year, is far enough along that Thai’s judiciary is now getting ready to train officials on how to use it.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.