SCB TechX is a subsidiary of SCBX Group, the parent company of Thailand’s first bank, the Siam Commercial Bank (SCB). Its focus is on the development of digital technology solutions, applications, and platform-as-a-service offerings.
The company provides a range of services, including technology consulting, integrated solution development, and technology infrastructure and digital platforms management. With key applications and services including data analytics and AI solutions such as its TechX Data Platform for enterprises.
SCB TechX also specializes in cybersecurity, digital identity verification know your customer services (eKYC), and the development of enterprise-level apps and mobile banking solutions.
The firm leverages blockchain technology for cross-border payment initiatives and central bank digital currency (CBDC) research and the exploration of stablecoin use cases for cross-border remittances using Distributed Ledger Technology (DLT) on the Hedera network in order to streamline international remittances, reduce costs, and provide massive improvements to transparency and settlement speed compared to traditional finance (TradFI) methods.
Project Information
Related Projects
Pyth Network is a first-party financial oracle network that supplies extremely low-latency real-world price data across crypto, equities, forex, commodities, and ETFs. In February 2024 the Pyth catalog of over 400 price feeds was launched on Hedera via a partnership with the HBAR Foundation, giving developers permission-less access to real-time data and confidence intervals to improve DeFi risk management. HLiquity, a decentralized borrowing protocol on Hedera, became the first application to integrate these feeds to ensure accurate pricing and proper collateralization.
ConsentCheq, a service by PrivacyCheq, is a consent management platform that helps businesses comply with global privacy regulations such as GDPR, CCPA, and COPPA. Since its launch in 2016, the company has focused on providing a "single source of truth" for user consent, enabling enterprises to manage and honor user privacy preferences in real-time across all their systems.
The core of ConsentCheq's service is a full-stack transparency and consent management solution. It provides tools for businesses to deliver clear privacy notices and to capture, log, and manage user consent for data collection and processing. A key feature is the "Consent Dashboard," a centralised interface where users can view and control their privacy settings for any business that uses the ConsentCheq service. The platform also offers "Consentive," an incentive-based system where consumers can be rewarded with micropayments for granting consent, which is designed to increase opt-in rates for data processing.
ConsentCheq's connection to the Hedera network is central to its "Consentive" service. The platform uses the Hedera Consensus Service (HCS) to create a high-throughput, low-cost, and auditable log of consent verification and payment events. Under privacy laws, advertising networks must verify consumer consent each time they process or track them.
HederaExplorer, developed by Acoer with support from The HBAR Foundation, is mirror node explorer tool and rich Hedera transaction analytics platform specific to the Hedera blockchain ecosystem. Its purpose is to offer a decentralized and cost-effective means to store and query historical data from Hedera's public mainnet, thereby lowering the demand on network resources. It offers rich visualization and real-time reporting of many Hedera transactions, allowing the community to easily absorb insights about the network and its activities.
Users also have access to on-request advanced features, such as historical reporting, archives by timeframe or accounts, and topic-based transactions. It is a unique tool for Hedera enabling real-time performance in an open, scalable, and economically sustainable manner.
The platform is built using Acoer's HashLog data management and visualization technologies, combined with an open-source online analytical processing (OLAP) data architecture. This foundation allows HederaExplorer to deliver its insights effectively. Beyond its standard real-time reporting and visualization capabilities, HederaExplorer also provides access to on-request advanced features. These advanced options include functionalities such as detailed historical reporting, the ability to create archives based on specific timeframes or accounts, and access to topic-based transactions from the Hedera Consensus Service.
WISeSat is a subsidiary of the global cybersecurity and IoT company WISeKey. It operates as a Swiss-based firm dedicated to providing secure satellite communications for the Internet of Things (IoT). The company's mission is to offer cost-effective, sovereign, and secure global connectivity for a wide range of applications, from smart agriculture and logistics to defense and national security.
WISeSat operates a growing constellation of low Earth orbit (LEO) nanosatellites. These satellites are designed to create a secure and resilient network for IoT devices, especially in remote or underserved areas. A key feature of WISeSat's service is its emphasis on security, incorporating advanced encryption and digital identity solutions from its parent company, WISeKey, and its affiliate, SEALSQ. This includes the integration of post-quantum cryptography to protect against future cyber threats, ensuring data integrity and confidentiality for its clients. The company offers its satellite capabilities in a "Satellite-as-a-Service" (SaaS) model, allowing clients to leverage the infrastructure for their specific needs.
WISeSat utilizes the Hedera network to enable secure and transparent machine-to-machine (M2M) transactions directly from its satellites. This is facilitated through the SEALCOIN platform, which uses Hedera's distributed ledger technology (DLT) for the secure exchange of tokens between IoT devices.