Despite launching the Thailand 4.0 initiative two years ago, Thailand is on track to lose as many as three million jobs over the next 20 years if it fails to adapt to new disruptive technologies, according to the Thailand Development Research Institute (TDRI).Thailand 4.0 is a new economic model launched by the Thai government which aims to transform the country into a high-income nation.
Blockchain came into the popular lexicon along with other terms such as cryptocurrency and artificial intelligence as part of the larger movement of new disruptive technologies that has swept the world. Initially seen as a disruptor to traditional banking, many are now starting to understand the appeal of blockchain and its potential to alter the landscape of the financial sector.
The rapid growth of technology has brought about unprecedented disruption to multiple industries. Previously, technological advancements that would cause a shift across entire sectors would only come about once a decade. However, thanks to how quickly technology is evolving today, new disruptive technologies are coming to the fore every day.