Abstract
Blockchain technology, a decentralized database that encourages collaboration, transparency, and security, is popular in Thailand, as seen from many practical projects. Nevertheless, information about Thailand’s blockchain ecosystem is incomplete. We conducted literature reviews of research articles, education courses, and industry projects, to explore blockchain from the technology adoption flow including academic research, knowledge acquisition, and project implementation. Blockchain research articles were collected from the Scopus database, while projects and courses were retrieved from an internet search. After applying inclusion and exclusion criteria, a total of 13 research articles, 50 courses, and 54 industry projects, dated from 2016 to 2020, were included in our review. Based on an analysis with respect to trends, focuses, and characteristics in all three aspects, we found that blockchain technology in Thailand was in its infancy, but has been increasing in numbers and domain varieties. However, blockchain technology did not move towards the same direction for all aspects. Most research articles were found in government services, supply chain, and traceability domains; while most projects were in the financial domains. We offer possible explanations for this observation. This paper provides challenges and opportunities for the research community and involved parties in practical implementation.
Highlights
Introduction and BackgroundBlockchain is a technology that stores all records of transactions in all member nodes in the network
In regard to an analysis, this paper demonstrates the growing trends of the technology found in the blockchain-related platforms through three topics: (1) the relation of blockchain trends in academic research, project implementation, and knowledge acquisition, (2) an interest of blockchain technology in a large range of domains across aspects, and (3) a future direction of blockchain development through the challenges and opportunities found on Thailand landscape
We investigated which types of stakeholders were involved in each domain of projects in order to understand blockchain project management in Thailand
Summary
Blockchain is a technology that stores all records of transactions in all member nodes in the network. The technology uses cryptography, and every node can verify all transactions in the network. When a transaction occurs, a block is first generated for storing data. A block consists of two components: (1) a content of the transaction and (2) a header that includes a block ID, a timestamp, and a hash value. Once the new block was created, other nodes—devices in the blockchain network—are notified about the new transactions. All nodes must reach an agreement on the transactions to verify the authenticity of the new block. The verified block is linked within the chain. Each block has the hash value of the previous block on the chain to prevent a tampering of history
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