Bitkub Ventures Company Limited, the investment arm of Bitkub Capital Group, led by Mr. Jirayut Srupsrisoha, Founder and Chief Executive Officer of Bitkub Capital Group Holdings Co., Ltd., and Ms. Nauwarat Thamsauydee, Chief Executive Officer of Bitkub Ventures Co., Ltd., has signed a memorandum of understanding (MOU) with Jaothui Company Limited.
The agreement, led by Mr. Tanabat Krainunsingha, Founder, and Mr. Narongpong Chantarat, Co-Founder, aims to leverage blockchain technology in the development of buffalo conservation efforts and the elevation of the Thai buffalo industry on an international scale.
The signing ceremony took place on May 22, 2023, at Jaothui Space in Kalasin Province, under the chairmanship of Mr. Samroeng Muangsang, Deputy Governor of Kalasin Province. The event featured lectures by various experts, including Mr. Jirayut, Ms. Nauwarat, Mr. Tanabat, Prof. Dr. Kulchet Pianthong from the Association for Thai Buffalo Conservation and Development (ABCD), Mr. Thossaporn Srisak, former Deputy Director General of the Department of Livestock Development, and Father Samien, an esteemed figure in the Thai buffalo community known as the Father of Udon Beauty Buffaloes. The event also showcased beauty buffaloes from herdsmen in Kalasin Province and neighbouring provinces.
Mr. Jirayut stated, "Bitkub Capital Group was established to provide opportunities, foster innovation in the country, and create new businesses for the Thai people. Bitkub Ventures serves as an investment unit that supports young developers in expanding the blockchain ecosystem. Today, we are honoured to be a part of bringing technology to the development and conservation of Thai buffaloes, as well as elevating the Thai buffalo industry to an international level. The introduction of blockchain technology can instil confidence among buyers, which is crucial in increasing the value of Thai buffaloes. Furthermore, providing the buffalo industry with increased access to funding and demands will further enhance its value. Blockchain technology is a perfect solution to address these challenges."
Ms. Nauwarat added, "Bitkub Ventures has never before invested in projects related to livestock. The Jaothui project is particularly fascinating, as Thai buffaloes have been an integral part of Thai culture for a long time. We are proud to offer support in terms of funding, blockchain technology, and knowledge for the development and conservation of Thai buffaloes for generations to come. We sincerely hope for support from all sectors to work together and truly elevate Thai buffaloes to an international level."
Mr. Tanabat expressed his passion for technology and his extensive experience in the field. He shared his vision to apply blockchain and NFT technology to the Thai buffalo industry, emphasising the industry's untapped potential. He highlighted the opportunity to create pedigree certificates that store comprehensive information, including names, microchip numbers, breeders, birth dates, weight, height, parentage, and awards. By recording all this information on the blockchain, it becomes accessible to everyone, including foreign buffalo farming enthusiasts, expanding potential sources of capital. Transparency and reliability of information are crucial factors for buyers, and these innovations will help establish trust. Mr. Tanabat concluded by affirming his commitment to the development and conservation of Thai buffaloes, recognising their significance as a national symbol and their immense value to the Thai people. He expressed his belief that with these new innovations, Thai buffaloes will be known worldwide.