December 6, 2023
SCBX and Hashed form strategic partnership to advance Web3 technology innovation

Hashed establishes its new innovation lab, “ShardLab”, to lead mass adoption of Web3 technologies

Seoul, South Korea –News Direct– Hashed

Through its recognition of the emerging landscape of SCB technology and finance, SCBX has unveiled a more ambitious new vision to transform itself into a true technology company, with an emphasis on pioneering initiatives such as blockchain and AI. Thus, this innovative partnership aims to foster research and development efforts in Web3 technology trends including Blockchain and AI with the goal of bringing these cutting-edge initiatives to broader public market adoption.

Hashed, known for its unwavering commitment to promoting the mass adoption of Web3 technologies, has aligned its vision with the goals of SCBX. The Memorandum of Understanding (MoU) signed between SCBX and Hashed cements a strategic research and development partnership that will explore the potential of Web3 technology across various business sectors.

As part of this collaboration, Hashed will conduct a test bed for Web3 technologies through its new innovative hub, ShardLab, such as account abstraction and experimental pilots in a variety of areas harnessing the potential of blockchain and other Web3 advancements. A series of. One of the extraordinary features of this partnership is the co-funded R&D project. Both SCBX and Hashed will pool resources to pursue research that will not only advance the technology but also explore ways to integrate blockchain innovations into SCBX’s partners and services. This ambitious venture aims to deliver practical and innovative value through the incorporation of Web3 technology.

“I am deeply connected to SCBX’s visionary goal of driving the adoption of Web3 technology across Southeast Asia. Hashed is privileged to play a key role as a partner in this transformational journey. This partnership combines the expertise of a prestigious institution with the technical and philosophical foundations of Web3. I am confident that this partnership will significantly fuel the growth of the Web3 ecosystem, increasing its impact not only in Southeast Asia but also globally.” – Simon Seojoon Kim, CEO and Managing Partner, Hashed.

In conjunction with their collaborative research efforts, SCBX and Hashed will host a series of conferences and gatherings designed to develop the expansion of the Web3 ecosystem. These wide-ranging initiatives include conferences dedicated to Web3 education and business networking, as well as special talent bootcamps aimed at fostering the development of skilled developers and creators in Thailand and Southeast Asia. These opportunities will serve as a nexus for both well-established Web2 enterprises and rapidly growing Web3 enterprises, fostering connections, collaborative efforts, and meaningfully contributing to the overall advancement of the blockchain industry.

This partnership marks an important milestone in the development of both SCBX and Hashed. By leveraging SCBX’s established position in the Thai financial sector and Hashed’s expertise in Web3 technology, this collaboration is set to foster meaningful progress in the field of decentralized technology and innovation. The collective efforts of these two powers are expected to accelerate the mass adoption of Web3 and contribute to the continued growth of the global Web3 ecosystem.

Dr. Arak Sutivong, Deputy CEO of SCB To achieve this goal, it is important for the company to innovate and transform into a technology-centric entity. We are thrilled to announce our collaboration with Hashed, the global leader in Web3 venture capital. Through this partnership, we will collaborate on research and development of cutting-edge technologies that will shape the future of finance.

For media inquiries please contact:

SCBX Communications

Email: [email protected]

Hashed Communications

Email: [email protected]/[email protected]

Phone: +82-10-7486-3313

About SCB X Public Company Limited

SCBX is the parent company of the financial technology business group, which includes Siam Commercial Bank, SCB10X Co., Ltd., CardX Co., Ltd., InnovestX Securities Co., Ltd., Purple Ventures Co., Ltd., AutoX Co., Ltd. ., Ltd., and other companies. Aspiring to be the ‘most admired regional fintech group’, SCBX drives and empowers the development and implementation of strategic initiatives with a particular emphasis on financial enterprise and digital technologies. This includes new business opportunities, M&A, strategic investments and partnerships. It leverages some of the biggest growth opportunities with better returns by timely adapting to changing consumer behavior and demands. These industries stand to serve a larger purpose in improving the overall quality of life. The Company conducts business with flexibility and prudence in governance and risk management and has the ability to compete on an equal footing in global competitions.

About Hushed

Hashed is a team of blockchain experts and builders based in Seoul, Singapore, Bengaluru and Silicon Valley. We believe that decentralization can transform not only the global economy but also the basic structure of the Internet. Our mission is to accelerate the mass adoption of blockchain by investing our resources and empowering a new wave of entrepreneurs and innovators to create this future.

Disclaimer: This article is based on the information available at the time of writing and may change as further progress is made.

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