Photo Release: Digital Ventures teams up with SCG to launch worlds first B2P digital procurement on R3 Blockchain platform

Stocks and Financial Services Press Releases Wednesday September 12, 2018 15:56
Bangkok--12 Sep--Siam Commercial Bank

Digital Ventures Co., Ltd. – a Fintech subsidiary of Siam Commercial Bank has teamed up with SCG to embark on the latest procurement solution, with the launch of world's first fully integrated Blockchain Solution for Procure-to-Pay (B2P) on R3 Blockchain. Aiming to boost efficiency at every procurement step for every supply chain network, from upstream to downstream, the move is a collaborative learning and development pilot project which has been tested with selected SCG supply chain networks since mid-August before expanding to include all business groups. This B2P project will also be adopted as a prototype for other solutions to increase the effectiveness of overall supply chain management through private sector cooperation with SCB's business partners. The collaboration was jointly announced by SCG Corporate Administration Vice President Mr. Yuttana Jiamtragan, Digital Ventures Co., Ltd. Technology and Innovation Managing Director Mr. Paisal Kiattananan and Technology and Innovation Managing Director Mr. Paisal Kiattananan.


Latest Press Release

Photo Release: AOT entrusts KTAM to manage provident fund for 3 years

Mr.Wichai Bunyu (2nd left), the President of The Airports Of Thailand PCL. Employee's Registered Provident Fund (AOT) and Mr. Visit Balee (1st right), Fund committee recently held a Provident Fund management contract signing ceremony with Mr. Veera...

INDORAMA VENTURES AND LOOP INDUSTRIES JV TO INTRODUCE NEW ERA IN PET AND POLYESTER RECYCLING

Indorama Ventures' world-class manufacturing and Loop's state-of-the-art recycling technology combined to invest in multi-billion dollar sustainable PET resin and polyester market opportunity Demand for supply of sustainable PET sees explosive growth...

Fitch Rates ICBCTL#s Senior Notes #AAA(tha)#

Fitch Ratings (Thailand) Limited has assigned ICBC (Thai) Leasing Company Limited's (ICBCTL, AAA(tha)/Stable/F1+(tha)) upcoming long-term senior unsecured notes a National Long-Term Rating of 'AAA(tha)'. The notes will be issued under ICBCTL's THB30...

UnionPay offers foodies exclusive fine dining experiences at a special price At Bangkok Restaurant Week 2018

The highly anticipated Bangkok Restaurant Week 2018 from Wongnai is here. The annual festival is bringing foodies fine dining experiences and special deals from over 50 most well-known restaurants across Bangkok. UnionPay, the best payment companion for...

TCEB unveils its 2019 strategy under a brand-new campaign Thailand: REDEFINE Your Business Events

TCEB today announced a launch of its new brand marketing communication campaign "Thailand: Redefine Your Business Events". The new campaign has prompted the bureau to redefine its role as an industry's partner for success. Tapping into the growing...

Related Topics