The Bangkok Post has reported that yesterday, The State Railway and Thailand Post will begin implementing the Internet of Things (IoT) and blockchain technology to improve entity logistics. 1 billion baht is to be invested in the next three years to uprad the information and communications technology.
Using this new technolgoy, the Thailand Railway plans to know when the exact time trains are arriving and therefore people can be informed of any delays. And in the event of accidents, the IoT device connects with the Railway Signalling system, allowing authorities to stop the train in time. The railway will also be implement a new online ticketing system that enables users to purchase train tickets through QR code or e-ticketing online.
The company also plans to adopt blockchain technology to use for high-value parcels such as luxury items by end of this year or early next year. This will improve the logistics service of good delivery.
Thailand Post director Thitipong Nandhabiwat is quoted to say:
“Blockchain is secure and trusted as only authorised persons are allowed to open parcels,” Mr Thitipong said.