Investors and collectors of antiques and artifacts, particularly amulets, are keen to use blockchain technology as a way to add value for the collectors community in Thailand.
Blockchain Adds Value for Ancient Objects
The Southeast Asia Crypto Beach Association, the Thai-Chinese Amulet Association, and Siam Anteque joined hands to organize seminars at the event entitled “Investment and Value Creation of Ancient Objects Using Blockchain Technology” held in Bangkok on June 15th, 2019.
According to the organizers, the event was held to promote the use of blockchain in amulet trading. Leaders, investors, and influencers in the Thai amulet community gathered to discuss various topics, including the potential and value of the amulet market, adopting blockchain technology in the industry, and value creation with blockchain.
Siam Anteque was a key organizer pushing for blockchain adoption in the industry. Formed by a group of Thai Buddhist amulet collectors in collaboration with experts on blockchain technology, the company disclosed that it has been working on the application of blockchain in the amulet industry to present solutions for collectors and investors.
According to its website, Siam Anteque stated that by the beginning of 2020, it will launch its amulet trading exchange platform and start using the platform to trade amulets through intelligent contracts. Moreover, the firm is developing a centralized distributed digital asset exchange platform, while promoting the use of amulet recording systems on blockchain among amulet traders in major cities in Thailand.
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