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.
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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.
HashSea is a dedicated NFT marketplace and launchpad platform operating on the Hedera blockchain network. It provides a space for creators and buyers to mint live, purchase assets on secondary market or create their own NFT assets while engaging with the other digital assets native to the Hedera network.
As a marketplace, HashSea facilitates the discovery, purchase, and sale of Hedera NFTs, leveraging the network's high throughput and remarkably low, predictable transaction fees. Meanwhile, functioning as a launchpad, HashSea empowers creators by offering tools and services to easily mint and debut new projects directly to the Hedera ecosystem. This dual role positions HashSea as a key enabler for both established and emerging artists and developers looking to capitalize on Hedera's efficient, carbon-negative infrastructure.
HashSea’s utilization of the Hedera Token Service (HTS) allows it to offer features embedded features such as native, enforceable royalties for creators and near instant transactions. It supports the HashPack wallet for minting, listing, and trading NFTs on the Hedera blockchain network.
BlockScience, founded in 2017, is an R&D, engineering, and analytics firm that specializes in the design and analysis of complex systems. With an interdisciplinary team of engineers, data scientists, and social scientists, the company applies advanced mathematical and computational engineering to model, simulate, and design resilient socio-technical systems for a diverse range of clients, including for-profit companies, non-profits, and government organizations.
The firm's core service is providing a rigorous, data-driven approach to designing and validating economic and governance mechanisms. A key product in their toolkit is cadCAD, an open-source Python-based modeling framework they developed. This tool allows for the creation of "digital twins" of complex systems, enabling clients to simulate and test new business models, market designs, or automated smart contract logic before deployment. This approach is used to analyse system safety, resilience, and sustainability under various conditions.
BlockScience has a direct collaboration with Hedera and the Hedera Foundation to design and model innovative market mechanisms for renewable energy and other environmental assets. This work includes the development of Automated Regression Market Makers (ARMMs), a novel price discovery mechanism for semi-fungible assets like energy credits.
Rivia is a Dallas-based technology firm specializing in stablecoin, payments, and finance infrastructure solutions. Its flagship product, the Rivia US Dollar ($rUSD) stablecoin, is a low-cost settlement layer token pegged to the US dollar and used to facilitate global financial transactions and remittances via immutable blockchain ledger technology.
Its stablecoin offering is based on a "proof of reserve" (PoR) guaranteeing a 1:1 backing for its $rUSD stablecoin. $rUSD is broadly integrated across numerous digital payments and assets services and provides cross platform compatibility with major distributed ledger technologies including Hedera, Ethereum, Algorand, and Solana.
Rivia’s stablecoin model emphasizes collaboration with US credit unions to create expanded access to American markets. Key features of its offerings include low-cost, high-speed transactions, global accessibility, and enhanced security and stability derived from credit union liquidity distribution.
Its established partnerships include integrations with financial institutions such as Fivancial, LoneStar, Resource One, Plaid, and Janusea.