Thailand is being transformed by digital technologies. From e-commerce sites and AI to cryptocurrency mining and telemedicine services, Thailand is in for an exciting time in terms of digital innovation.
Many people rely on mobile banking apps for managing their finances anytime and anywhere, yet infrastructure, digital literacy, and cybersecurity remain key concerns in society today. This Blog Will Show You About The New Digital Technology in Thailand
Smart City Initiative
Thailand’s Smart City Initiative is part of its development plan to transform workers into knowledge workers, necessitating revision of urban planning formulas and adoption of 5G networks as technologies that support it.
Ban Chang is Thailand’s inaugural smart city and is located at the center of an industrial triangle with three airports and motorways that link it with two of the nation’s major cities. Additionally, there is an advanced digital technology hub dedicated to developing an economy centered on the Smart City concept.
Thammasat University UD327 students conducted a survey, which revealed that residents’ awareness of the Smart City initiative in Ban Chang was low due to time, information, and relevance limitations. A lack of time, information, and relevance was cited as reasons for this, so active communication and grassroots engagement must take place to increase participation in this initiative in Ban Chang.
Blockchain Technology
Thailand is seeing revolutionary results with blockchain technology’s introduction. A blockchain network provides secure, decentralized value transfer between parties without needing an intermediary – helping create a more transparent and trustworthy environment for businesses.
As the COVID-19 pandemic has spurred on new digital investments, e-commerce has seen phenomenal growth over recent years – creating opportunities for business owners to engage their customers online and increase revenues.
Additionally, the government has been expanding 5G infrastructure in Thailand in order to increase internet speeds, providing citizens across the nation with faster, more reliable services as well as encouraging digital literacy and encouraging entrepreneurship through various policies. Unfortunately, however, Thailand remains far from digitalization with digital divide being an ongoing challenge that necessitates long-term investments as well as creative solutions.
Cryptocurrency Adoption
Thailand was among the first countries to regulate cryptocurrency, setting an early example in terms of digital financial adoption. According to e-Conomy SEA 2021 survey results, Thai consumers are among those most open in ASEAN to alternative lending platforms and buy now pay later (BNPL) services; additionally they show great enthusiasm for investments focused on sustainability.
This study’s findings support the assumption that users’ perceived value influences their intention to use cryptocurrency digital wallets. Furthermore, this research extends the UTAUT2 model by considering sustainability considerations.
The results demonstrate that financial perceived value positively influences users’ intentions to adopt the Worldcoin digital wallet while emotional perceived value negatively does. Additionally, having an existing digital wallet decreases users’ intention to adopt Worldcoin. These results are consistent with findings by Doungpitak et al. (2023) and Thetlek et al. (2024), as higher education levels and more prestigious occupations lead to greater interest in adopting payment methods such as Worldcoin digital wallet.
Digital Skills
As the digital economy develops, it’s vital that all members of society benefit from its advances. To this end, various efforts are currently being taken to enhance digital skills across the country; these include revamping national disaster alert systems and improving call center applications as well as setting up personal data protection centers that help protect against online threats.
Thailand is harnessing 5G’s potential to offer reliable internet connectivity that will facilitate new technologies like smart cities and autonomous vehicles, as well as building advanced data centers to store and process massive amounts of information being produced daily.
Additionally, educational institutions are adopting digital-centric curricula and partnering with tech companies to give students practical experience of modern technological advances. While these developments have proven positive, digital divides continue to pose an ongoing challenge for Thailand – evidenced by the Covid-19 pandemic which exposed and, in some cases exacerbated them – and closing this digital gap will require significant investments and cooperation throughout the nation.