Jump to content

Op-Ed. 10,000 Baht Digital Givaway


ShaunSheep
 Share

Recommended Posts

Recently the Phue Thai party has proposed a scheme to give away 10,000 baht to all citizens over the age of 16 years. However, the proposal has outlined measures to ensure that the money is spent at certain businesses with pre-defined geological restrictions as well as being spent within a certain time frame. These restrictions will be implemented by sending the funds to a digital wallet using blockchain technology which would ensure these pirameters are met.

As stated by deputy Pheu Thai secretary-general Paopoom Rojanasakul "The 10,000-baht digital wallet scheme is expected to be implemented within the first half of next year as it will take time to set up"

In another statement Mr Paopoom Rojanasakul has said "In addition to stimulating the economy, the scheme aims to create a nationwide blockchain-based financial payment system."

One could be forgiven for drawing similarities between this budding idea and the established social credit system which was first announced by China in 2014 as "an important component of the Socialist market economy system and the social government system," according to a 2015 government document.

https://chinacopyrightandmedia.wordpress.com/2014/06/14/planning-outline-for-the-construction-of-a-social-credit-system-2014-2020/

The system has been said to include companies, government organizations as well as individuals and was expected to be fully implemented by 2020. 

The Chinese plan for a social credit system is to eventually be mandatory and unified accros the nation, with each person given their own unique code (not unlike the LOS national ID) to measure their social credit score in real time. People can be punished if they drive badly, buy too many video games or voice certain opinions. Punishments include throttled internet speeds train travel and flight bans.

In closing, I'm not saying that this is the plan for the LOS but as we know from experience these kinds of changes when implemented are introduced slowly and quietly. This being said, this space will certainly be interesting to observe moving forward.  

Credit:

https://www.bangkokpost.com/thailand/politics/2636475/new-govt-must-act. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved. 

https://www.bangkokpost.com/business/general/2634849/pheu-thais-digital-wallet-under-scrutiny. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved.

https://www.businessinsider.com/china-social-credit-system-punishments-and-rewards-explained-2018-4

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Join Thaiger Talk Today!

    Sign up in 30 seconds and join the discussion on everything Thailand!

  • Latest Posts

    1. 14

      News Forum - Disgraced Khon Kaen school director nabbed for buying sex from student, 12

    2. 14

      News Forum - Disgraced Khon Kaen school director nabbed for buying sex from student, 12

    3. 14

      News Forum - Disgraced Khon Kaen school director nabbed for buying sex from student, 12

    4. 14

      News Forum - Disgraced Khon Kaen school director nabbed for buying sex from student, 12

  • Tell a friend

    Love Thaiger Talk? Tell a friend!
×
×
  • Create New...

Important Information

By posting on Thaiger Talk you agree to the Terms of Use