In Thailand, blockchain will now be used to track tax payments

The Thai Revenue Department wants to track tax payments using the blockchain technology, in order to speed up the tax refund process and verify the validity of tax payments.

With this they wish to reveal tax frauds and allow for greater transparency to the process, additionally this would highlight the government's priorities of having a digital tax collection system based on modern technologies.

Thailand's financial environment is in the process of evolving to include these emerging technologies among its procedures, among which is the announcement last month where they want to include decentralized mechanisms for important sectors such as agriculture and commercial financing.