NTT Communications Thailand to Establish Blockchain, AI, IoT-Focused Innovation Lab

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NTT Communications Thailand, the Thai subsidiary of Japan-based NTT Group is set to establish an “innovation lab” to pilot and develop Internet of Things (IoT), artificial intelligence (AI), and blockchain-based solutions to foster the country’s digitization reports Bangkok Post, April 23, 2019.

Fostering Blockchain, IoT, and AI

Thailand, unlike other Asian economies like China and India, has made a name for itself as a hotbed for both blockchain technology and cryptocurrencies.

The country’s commitment towards digitization reflects through its continuous efforts to create a cohesive ecosystem that encourages emerging tech-based business ventures to operate hassle-free.

Now, one of Thailand’s largest telecommunications networks, NTT Communications, has announced that it will create an innovation hub to test and fidget with emerging technologies. The proposed innovation lab will help create a positive sentiment among businesses with a high-risk appetite willing to put their funds into embryonic technologies.

Manabu Kahara, president of NTT Communications Thailand, shared his thoughts on the proposed innovation lab. He said:

“Despite the uncertainty surrounding the formation of a new government, technology investment will continue in line with the Thailand 4.0 objective and EEC megaprojects.”

Adding:

“The NTT innovation lab will introduce a playground for customers and partners to do proof-of-concept, development for disruptive technologies such as blockchain, IoT, AI, hybrid cloud and software-defined.”

Kahara further stated that despite the threat of automation and aging population, NTT Communications will continue to commit to the Thai market.

Notably, NTT is slated to launch Asean region’s largest innovation lab by Q2 2019 at its Bangkok 2 Data Centre in Amata Industrial Estate.

Commitment to Offer Solutions across a Host of Industries

According to the Bangkok Post report, NTT is mulling expanding its business offerings in July 2019 to serve the needs of service operators, online games, cloud service operators, financial institutions and banks, and various e-commerce businesses.

Kahara stated that the decision to expand the company’s reach across multiple industries was taken keeping in view the rapid pace of expansion of big data and cloud computing-based services.

With that said, the company acknowledges certain hurdles facing the country including the existing political instability and regulatory uncertainty. Despite this, the firm aims to grow by 30 percent annually until 2021.

BTCManager reported on January 4, 2019, about Thailand’s National Electronics and Computer Technology Center’s (NECTEC) decision to deploy distributed ledger technology (DLT) for voting purposes.

In the same vein, the Revenue Department of Thailand is also fidgeting with blockchain technology to track VAT payments.

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