According to a recent
announcement from the Stock Exchange of Thailand
(SET), a blockchain-based crowdfunding platform has been officially launched to
improve access to capital fund for startups and small and medium-sized enterprises (SMEs) in Thailand.
Developed by the SET, LiVE
is the first Thailand crowdfunding platform for startups and SMEs. The platform
has officially launched with eight targeted businesses from various sectors
such as mobile application, consumer products and medical equipment. It is
expected to expand to include over 50 companies.
The LiVE crowdfunding platform provides the Over-the-Counter
(OTC) trading service for startups and SMEs to access capital funding. Its
infrastructure is supported by blockchain technology which allows participating
businesses to expand and get connected with future alliances.
Businesses to be qualified to join LiVE have to be companies
registered in Thailand, whose founders and executives carry no criminal records
with financial statement audit conducted by certified auditors.
In order to raise over THB 20 million, an eligible business
must present a record of previous capital raising of at least THB 5 million, or
be endorsed by a sponsor. For fundraising of over THB 100 million, the
financial statements audited by Securities and Exchange Commission
(SEC)-certified auditors must be presented.
For a company to join the platform, it must first register
as a member with proof of identity and go through a screening process. Then, it
will have to prepare campaigns with a presentation and Q&A with investors.
After a campaign is completed, the business will receive funding to support its
business plans. The process is supported by the registrar of the platform.
There are four types of investors for this platform –
institutional investor, venture capital, corporate venture capital and specific
investor with annual income no less than THB 4 million or with combined assets
worth no less than THB 50 million, and at least one year of investment
Using the LiVE platform, an investor must first sign up to
be a member with proof of identity. After that, the investor can meet companies
listed on the platform and explore available offers. The platform aims to
facilitate investment in listed campaigns and help investors become a
shareholder. It also allows investors to trade their shares and reinvest in
For investors, the LiVE platform offers four major benefits:
(1) to explore businesses with ease in the one-stop portal, (2) coverage of all
investment processes including funding raising and trading, (3) ability to
trade and settle with a trusted and transparent system, and (4) ensure
shareholders’ benefits with trusted registrar services.
“LiVE platform will be a key mechanism to help drive forward
Thailand's growth especially enabling startups and SMEs to have more financial
accesses through crowdfunding. Businesses can utilize LiVE to promote to a
wider target group while using partnership to expand customer base. In
addition, this platform also offers opportunities for investors, both
individual and corporate, who are qualified by the Securities and Exchange
Commission regulations, to select to invest in their preferred business with
growth potential," said Mr Kesara Manchusree, President of SET.
According to Mr Manchusree, SET is determined to offer
growth opportunities through the creation of a complete startup ecosystem,
inclusively from the business management education for startup and SME
entrepreneurs, to assistance in connecting with institutional and accredited
investors. To operate the crowdfunding platform, SET has established Live Fin
Corp Co. Ltd.
The next phase of NHCS’s research efforts over the coming years will focus on three key areas:
“Overall, the management and governance of the high-speed train are excellent,” he noted.
Oak Ridge National Laboratory (ORNL) has introduced the Centre for AI Security Research (CAISER) to confront the existing threats stemming from the widespread adoption of artificial intelligence by governments and industries worldwide. This move concedes the potential benefits of AI in data processing, operational streamlining, and decision-making while acknowledging the associated security challenges.
ORNL and CAISER will collaborate with federal agencies such as the Air Force Research Laboratory’s Information Directorate and the Department of Homeland Security Science and Technology Directorate. Together, they will conduct a comprehensive scientific analysis to assess the vulnerabilities, threats, and risks associated with emerging and advanced artificial intelligence, addressing concerns ranging from individual privacy to international security.
Susan Hubbard, Deputy for Science and Technology at ORNL, emphasised this endeavour, “Understanding AI vulnerabilities and risks represents one of the most significant scientific challenges of our time. ORNL is at the forefront of advancing AI to tackle critical scientific issues for the Department of Energy, and we are confident that our laboratory can assist DOE and other federal partners in addressing crucial AI security questions, all while providing valuable insights to policymakers and the general public.”
CAISER represents an expansion of ORNL’s ongoing Artificial Intelligence for Science and National Security initiative, which leverages the laboratory’s unique capabilities, infrastructure, and data to accelerate scientific advancements.
Prasanna Balaprakash, Director of AI Programmes at ORNL, emphasised that AI technologies substantially benefit the public and government. CAISER aims to apply the lab’s expertise to comprehensively understand threats and ensure AI’s safe and secure utilisation.
Previous research has highlighted vulnerabilities in AI systems, including the potential for adversarial attacks that can corrupt AI models, manipulate output, or deceive detection algorithms. Additionally, generative AI technologies can generate convincing deepfake content.
Edmon Begoli, Head of ORNL’s Advanced Intelligent Systems section and CAISER’s founding director emphasised the importance of addressing AI vulnerabilities. CAISER aims to pioneer AI security research, developing strategies and solutions to mitigate emerging risks.
CAISER’s research endeavours will provide federal partners with a science-based understanding of AI risks and effective mitigation strategies, ensuring the reliability and resilience of AI tools against adversarial threats.
They provide educational outreach and disseminate information to inform the public, policymakers, and the national security community.
CAISER’s initial focus revolves around four national security domains aligned with ORNL’s strengths: AI for cybersecurity, biometrics, geospatial intelligence, and nuclear nonproliferation. Collaboration with national security and industry partners is critical to these efforts.
Col Fred Garcia, Director of the Air Force Research Laboratory (AFRL) Information Directorate, expressed confidence in CAISER’s role in studying AI vulnerabilities and safeguarding against potential threats in an AI-driven world.
Moreover, as ORNL celebrates its 80th anniversary, CAISER embodies the laboratory’s commitment to solving complex challenges, advancing emerging scientific fields, and making a global impact. With its established cybersecurity and AI research programmes, ORNL is well-suited to pioneer AI security research through CAISER.
Moe Khaleel, Associated Laboratory Director for National Security Sciences at ORNL, highlighted the laboratory’s legacy of scientific discovery in various fields and emphasised CAISER’s role in scientifically observing, analysing and evaluating AI models to meet national security needs.
The Digital Government Development Agency (DGA) recently updated Thailand’s digital government progress to enhance nationwide digital services. They plan to expand their government application for all age groups, with over 400 million digital service usages, excluding infrastructure services.
The estimated economic value exceeds 8 billion baht. Their strategy focuses on more accessible, faster, and transparent access to government services, fostering a Smart Connector role. This enhances digital government levels, promoting a Smart Nation and Smart Life for Thai citizens, aligning with their quality of life improvement goals. Dr Supot Tiarawut, Director of DGA, presented these 2023 mission results, emphasising their commitment to effectively serving citizens, businesses, and government entities.
At the Government-to-Citizens (G2C) level, the DGA has linked over 112 government services via the government application, functioning as a comprehensive government SUPER APP. This app integrates services from various government agencies to address citizens’ needs effectively. It boasts more than 112 services, with over 7.5 million cumulative users and 607,041 downloads. This offers citizens a convenient single-channel solution for accessing government services, streamlining the process for all age groups and reducing the complexities associated with traditional government service usage. The plan for 2024 involves introducing critical services such as personal land tax checks, insurance information (Life/Non-Life), and interest payment services (pawning).
The Government Open Data Centre elevation aims to provide high-quality open datasets that cater to the populace’s needs and serve software developers, enabling their appropriate and optimal utilisation. This strategic move aims to enhance future competitiveness. Currently, there are 10,226 open datasets with 3,871,796 users.
The plan for 2024 includes boosting information exchange and utilisation among the public, private, and international sectors. Additionally, the Digital Transcript project, which offers digital transcripts, enhances convenience for students, reduces financial burdens, eases document verification processes for staff, and trims university expenditure on document issuance. This initiative has already produced over 1 million cards across 82 universities nationwide.
The DGA promotes transparency and public engagement through the central legal system, where the government seeks general feedback on law drafts and assesses their effectiveness. Over 1,000 regulations have been open for public comment, with 191,683 submissions. Additionally, the Tax Pai Pai system, providing government expenditure data, enhances public participation in monitoring corruption, with 16,187,604 projects disclosed.
In the G2B sector, the Biz Portal streamlines government-business interactions, benefiting SMEs. Over 124 government licenses have been obtained by 15,881 active operators, simplifying business startup processes. The Digital Entrepreneur Centre for Government Agencies (Me-D e-Marketplace) lists 595 digital technology entrepreneurs from various agencies for government procurement.
In G2G collaboration, the DGA enhances data sharing through the Government Data Exchange Centre (GDX), linking 13 agencies through 74 service data APIs with 133.44 million data exchanges. The Digital Government Personnel Development Institute (TDGA) has already benefited over 1,942,443 individuals, with plans to expand to local-level staff in 2024, offering region-specific digital courses and on-site training through the system with over 300,000 learners.
The Digital Local System is a crucial initiative, a cornerstone of local-level digital government adoption. It streamlines the administration and services of 659 Local Administrative Organisations, incorporating systems from 117 agencies. This enhances service provision, making it accessible and convenient nationwide, ultimately improving people’s quality of life in various regions.
During a visit to Bang Saray Subdistrict Municipality in Chonburi Province, the DGA observed the successful Digital Local System pilot project, which enables convenient access to services, reducing the need for physical visits to government offices and improving efficiency and cost-effectiveness. The initiative also established B-Buddy Bang Saray, a network of volunteers aiding those unfamiliar with digital systems to promote inclusivity.
In his closing remarks, Dr Supot highlighted these projects as examples of the DGA’s role in advancing Thailand towards becoming a Smart Nation, enhancing citizens’ quality of life. These efforts have consistently improved Thailand’s digital government development rankings assessed by the United Nations.