Hashed, a global leader in Web3 venture capital, has announced the establishment of its new innovation lab called “ShardLab.” The lab aims to lead the mass adoption of Web3 technologies, particularly blockchain and artificial intelligence (AI). This initiative is made possible through Hashed’s groundbreaking collaboration with SCB X Public Company Limited (SCBX), the parent company of Siam Commercial Bank and Thailand’s leading financial technology group.
SCBX has recognized the evolving landscape of technology and finance and is committed to transforming itself into a real tech company. This partnership with Hashed aligns with SCBX’s vision to pioneer initiatives in blockchain and AI, with the goal of adapting these cutting-edge technologies for broader public market adoption.
The memorandum of understanding (MOU) signed between SCBX and Hashed solidifies a strategic research and development partnership. This partnership will explore the potential of Web3 technology in various business areas. One of the key features of this collaboration is the co-funded R&D project, where both companies will pool resources to drive research that advances technology and integrates blockchain innovations into SCBX’s affiliates and services.
To facilitate the mass adoption of Web3 technologies, Hashed will conduct a test bed for Web3 technologies through its innovative hub, ShardLab. This will involve experimental pilots across different sectors, leveraging the potential of blockchain and other Web3 advancements.
In addition to research endeavors, SCBX and Hashed will organize conferences and gatherings that aim to cultivate the expansion of the Web3 ecosystem. These initiatives include conferences dedicated to Web3 education and business networking, as well as talent bootcamps to foster the growth of skilled developers and creators in Thailand and Southeast Asia. These events will serve as a platform for established Web2 enterprises and emerging Web3 ventures to connect, collaborate, and contribute to the advancement of the blockchain industry.
The collaboration between SCBX and Hashed marks a significant milestone for both companies and their respective fields. By leveraging SCBX’s position in the Thai financial sector and Hashed’s expertise in Web3 technology, this partnership aims to drive meaningful advancements in decentralized technology and innovation. The collective efforts of these two powerhouses are expected to accelerate the mass adoption of Web3 and contribute to the growth of the global Web3 ecosystem.
Dr. Arak Sutivong, Deputy CEO of SCB X Public Company Limited, expressed excitement about the collaboration, stating that SCBX’s goal is to establish itself as a leading regional financial technology group. He emphasized the importance of conducting new experiments and transitioning into a technology-focused entity. This partnership with Hashed will enable collaboration on cutting-edge technologies that will shape the future of finance.
With its commitment to empowering entrepreneurs and innovators in blockchain, Hashed believes that decentralization can transform not only the global economy but also the internet itself. The company’s mission is to accelerate the mass adoption of blockchain by investing resources and supporting the creation of a decentralized future.
Overall, the strategic partnership between SCBX and Hashed holds great promise for driving innovation in Web3 technology and its adoption in Southeast Asia and beyond. This collaboration aims to push the boundaries of technology and finance while creating practical and innovative value for users. It represents a significant step towards a more decentralized and interconnected future.
