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Thai Revenue Department Tests Blockchain Technology to Track VAT Payments

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Thai Revenue Department Tests Blockchain Technology to Track VAT Payments
Blockchain block next to a tax machine

Blockchain technology is being tested by the Revenue Department of Thailand to keep track of value-added tax (VAT) payments, reports Bangkok Post, December 3, 2018. If successful, Thailand could become the first country in the world to utilize distributed ledger technology (DLT) for tax purposes. Leveraging Blockchain Technology to Fight Tax Evasion As previously reported by BTCManager on November 6,…Read More. The post by Aisshwarya Tiwari appeared first on BTCManager, bitcoin, Blockchain & Cryptocurrency News

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