The Thai Tax Agency and the General Audit Office will launch a pilot project to apply blockchain technology

In the coming weeks, The Revenue Department and The Comptroller-General's Department will launch a pilot project using blockchain technology to streamline workflow. Thai Finance Minister Uttama Savanayana said the innovative technology will also help provide VAT-related information and check VAT refunds to reduce fraud. Uttama revealed that the next step would be to use blockchain technology to link data from three tax collection agencies, the Tax Office, the Customs Department and the National Tax Office, to improve work and inspection efficiency. He also said that blockchain technology will benefit the Treasury, which handles large amounts of data. He said that this innovation will enable information to be shared between departments and externally.