Two prominent blockchain solutions providers, D3 Labs and Orbix Technology, have announced a strategic partnership to transform cross-border payments and advance the development of blockchain-based technology for financial services in Thailand, Indonesia, and Southeast Asia. This collaboration will leverage D3 Labs’ ecosystem, SeaSeed Network, and Orbix Technology’s proprietary blockchain infrastructure, Quarix, to develop secure, efficient, and scalable financial technologies and ensure adherence to applicable regulations and compliance frameworks.
The partnership is anchored in the “Blockchain Initiative for Financial Services,” aiming to create cost-effective and user-centric cross-border payment systems to benefit the mass public, with specific focus areas including:
1. Enhanced Smart Contracts: Developing flexible and adaptable smart contracts to facilitate seamless, automated payment flows.
2. Faster and More Efficient Transactions: Optimizing blockchain architectures to reduce settlement times improves operational efficiency and enhances user experience across borders.
3. Stronger Security and Compliance: Building systems that ensure privacy, uphold regulatory compliance, and transparency for all transactions.
“Our collaboration with Orbix Technology marks a significant milestone in our journey to revolutionize financial services,” said Mr. Lai Chung Ying, Co-Founder and Co-CEO of D3 Labs. “By combining our expertise and leveraging blockchain technology, we aim to create transformative solutions that drive efficiency, innovation, and regulatory compliance in the digital finance ecosystem.”
D3 Labs and Orbix Technology will jointly develop and share relevant products, services, and critical information to support the partnership’s goals and ensure that their solutions adhere to regulatory standards while engaging with government and private entities to drive innovation and adoption.
Mr. Yarnvith Raksri, Managing Director of Orbix Technology, added, “Together, we aim to deliver impactful solutions for businesses and individuals. By tackling real-world challenges, particularly enhancing cross-border payments between Thailand and Indonesia, we strive to make transactions faster, more secure, and cost-effective. With tourism between our nations on the rise, we are excited to enable a more seamless travel experience through blockchain-powered solutions.”
The overarching goal of this initiative is to optimize blockchain capabilities and pioneer innovative solutions that redefine the standards for global financial transactions. By leveraging their collective strengths and shared vision, D3 Labs and Orbix Technology are poised to transform the digital finance landscape in Southeast Asia, providing groundbreaking blockchain-based solutions that drive progress, accessibility, and regulatory adherence.
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