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List of Krungsri Blockchain Interledger Customers

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Logo Customer Industry Empl. Revenue Country Vendor Application Category When SI Insight
Bank of Ayudhya Banking and Financial Services 13950 $4.7B Thailand In-House Applications Krungsri Blockchain Interledger Blockchain Platform 2017 n/a
In 2017, Bank of Ayudhya implemented Krungsri Blockchain Interledger, a Blockchain Platform to enable real time funds transfer between Thailand and Laos and to support transactions in Thai baht and US dollar. The implementation was pursued by Krungsri, part of the MUFG group, to accelerate bilateral cross border payments aligned with regional trade initiatives. The deployment leveraged the Interledger protocol and drew on technology stacks associated with RippleNet, while public reporting noted Interledger was open sourced as Hyperledger Quilt, indicating the solution was implemented as a distributed ledger architecture with private network characteristics. Krungsri Blockchain Interledger was developed with regulatory approval through the Bank of Thailand Regulatory Sandbox, supporting controlled pilots and live clearing between corporate counterparties. Functional capabilities implemented include real time settlement across currency rails for THB and USD, interledger routing for interoperability with correspondent rails, and integrated AI capabilities targeted at small and medium sized enterprises for supply chain and payments workflows. The bank also extended blockchain use to supply chain scenarios in collaboration with Siam City Cement, indicating parallel use cases for trade related finance and supplier payments. Integrations and operational scope were explicit in pilots and first live transactions, including a September 2017 fund transfer executed between IRPC and a business partner in Laos, and prior cross border payments pilots using RippleNet alongside Mitsubishi Corp, MUFG and Standard Chartered. Governance and rollout followed a sandbox to pilot path authorized by Thailand s central bank, positioning the Krungsri Blockchain Interledger to support Thailand Laos bilateral trade corridors and corporate cross border payment functions without broader claims about measured outcomes.
IRPC PLC Oil, Gas and Chemicals 5250 $7.7B Thailand In-House Applications Krungsri Blockchain Interledger Blockchain Platform 2017 n/a
In 2017, IRPC PLC implemented Krungsri Blockchain Interledger as a Blockchain Platform to execute real time international funds transfers for oil trading transactions between IRPC PLC in Thailand and its Lao trading partner. The Thailand Laos project operated under the Bank of Thailand regulatory sandbox and targeted cross border payment orchestration for trade finance settlement. Deployment concentrated on transactional flows that support bilateral oil trade settlements and immediate liquidity movement between counterparties. Krungsri Blockchain Interledger was configured to provide real time settlement, payment instruction orchestration and an immutable transaction ledger for audit and reconciliation, reflecting capabilities typical of a Blockchain Platform. The implementation automated settlement processing to reduce manual intervention in treasury and settlement operations, aligning transaction confirmation and funds release across both trading parties. Conditional settlement rules akin to smart contract logic enforced invoice and trade finance conditions to support same day reconciliation. Operational coverage included treasury, trade finance and settlement teams involved in cross border oil transactions between Thailand and Laos, with governance oversight provided through the Bank of Thailand sandbox process. The project demonstrated a reduction in settlement time from one to three business days to seconds and showed measurable efficiency and liquidity benefits for cross border trade finance as documented in the sandbox evaluation. Krungsri Blockchain Interledger as a Blockchain Platform provided a sandbox validated proof point for real time cross border settlement under regulatory supervision.
Mitsubishi Corporation Japan Distribution 62062 $120.0B Japan In-House Applications Krungsri Blockchain Interledger Blockchain Platform 2018 n/a
In 2018, Mitsubishi Corporation participated in a Krungsri Blockchain Interledger pilot using Krungsri Blockchain Interledger as a Blockchain Platform to run real-time intercompany transfers between corporate entities and external banking nodes. The pilot was scoped as a cross-border cash movement experiment focused on treasury cash management rather than broad enterprise rollout, positioning the Krungsri Blockchain Interledger for corporate liquidity orchestration across borders. The implementation emphasized interledger connectivity and real-time settlement logic typical of a Blockchain Platform, configuring payment orchestration and settlement rules to enable near-instant fund movements. Functional capabilities implemented included interbank transfer routing, settlement finality in seconds, and treasury payment orchestration that could be mapped into multinational cash management workflows. Integrations were explicit between Krungsri in Thailand and Standard Chartered in Singapore, and the pilot ran inside the Bank of Thailand sandbox environment. Operational coverage targeted corporate treasury and multinational cash management processes, executing intercompany transfers from a Thailand-based banking node to a Singapore-based banking node and demonstrating cross-border payment flow automation. Governance for the May 2018 Thailand Singapore pilot followed sandbox oversight and controlled test conditions under the Bank of Thailand, enabling a constrained rollout for validation. The pilot completed transfers in seconds and demonstrated reduced cost and faster settlement for multinational cash management, with direct implications for corporate treasury liquidity and cross-border payment efficiency.
Banking and Financial Services 9000 $4.0B Singapore In-House Applications Krungsri Blockchain Interledger Blockchain Platform 2018 n/a
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FAQ - APPS RUN THE WORLD Krungsri Blockchain Interledger Coverage

Krungsri Blockchain Interledger is a Blockchain Platform solution from In-House Applications.

Companies worldwide use Krungsri Blockchain Interledger, from small firms to large enterprises across 21+ industries.

Organizations such as Mitsubishi Corporation Japan, IRPC PLC, Bank of Ayudhya and Standard Chartered Singapore are recorded users of Krungsri Blockchain Interledger for Blockchain Platform.

Companies using Krungsri Blockchain Interledger are most concentrated in Distribution, Oil, Gas and Chemicals and Banking and Financial Services, with adoption spanning over 21 industries.

Companies using Krungsri Blockchain Interledger are most concentrated in Japan, Thailand and Singapore, with adoption tracked across 195 countries worldwide. This global distribution highlights the popularity of Krungsri Blockchain Interledger across Americas, EMEA, and APAC.

Companies using Krungsri Blockchain Interledger range from small businesses with 0-100 employees - 0%, to mid-sized firms with 101-1,000 employees - 0%, large organizations with 1,001-10,000 employees - 50%, and global enterprises with 10,000+ employees - 50%.

Customers of Krungsri Blockchain Interledger include firms across all revenue levels — from $0-100M, to $101M-$1B, $1B-$10B, and $10B+ global corporations.

Contact APPS RUN THE WORLD to access the full verified Krungsri Blockchain Interledger customer database with detailed Firmographics such as industry, geography, revenue, and employee breakdowns as well as key decision makers in charge of Blockchain Platform.