Orbix Technology and Innovation Co., Ltd. (Orbix Technology), the developer of the Quarix blockchain infrastructure, has announced a collaboration with HealthTAG Co., Ltd. (HealthTAG), a leading health technology company in Thailand, to develop next-generation health data infrastructure. The initiative leverages trust-building mechanisms to connect public healthcare systems. HealthTAG provides a Decentralized Health Data Wallet, which will serve as the primary channel for individuals to access, manage, and fully control their own health data independently, securely, and transparently on the Quarix blockchain infrastructure. Quarix has been designed as a central platform for the economic sector to develop and expand financial innovations and digital services. The platform also enables the systematic integration of health data from the HealthTAG Wallet with financial products and services within KASIKORNBANK FINANCIAL CONGLOMERATE.

The two companies are currently in discussions to jointly develop financial innovations. The integration is expected to ensure the integrity and confidentiality of stored health data, while also serving as a starting point for using such data as supporting documentation for financial transactions. Potential applications include supply chain payment, insurance underwriting, and customer profiling. These developments aim to enhance efficiency, transparency, and accuracy in financial services in a sustainable and systematic manner. The collaboration will proceed with further discussions and will seek approval from relevant regulatory agencies before any commercial services are launched.

Mr. Pisith Kulkanchanachewin, Managing Director of Orbix Technology and Innovation Co., Ltd. (Orbix Technology), said that the company’s vision is to develop a digital ecosystem that integrates collaboration across multiple sectors to promote the practical adoption of blockchain technology in both the healthcare and financial systems. This vision has led to the partnership between Orbix Technology and HealthTAG, which shares the common objective of elevating the standards of security, reliability, and transparency in the management of citizens’ health data in line with international standards, while also enabling access to efficient financial services powered by health data.

Orbix Technology serves as a core blockchain infrastructure provider through the Quarix network, which is designed to support the secure storage, processing, and exchange of highly sensitive health data, while integrating real identity infrastructure for digital identity verification, access control, and enterprise-level data security under regulatory frameworks and personal data protection standards. HealthTAG’s decision to conduct system testing on the Quarix network reflects its confidence in the infrastructure’s potential and its commitment to developing a health data infrastructure that can connect with digital financial systems in a secure and verifiable manner. The development of health data infrastructure should not be limited merely to data storage, but must also comprehensively support regulatory standards, data privacy, and interoperability to facilitate national-scale usage and sustainable long-term financial innovation.

Dr. Dechowat Promda, CEO of HealthTAG Co., Ltd. (HealthTAG), added that under this collaboration, HealthTAG serves as the developer and manager of the HealthTAG Wallet, including connecting data among various healthcare providers under the HL7 FHIR (Fast Healthcare Interoperability Resources) electronic health data exchange standard to ensure seamless health data connectivity. This allows users to independently and securely manage access rights to their own health data through the HealthTAG Wallet, which is designed to give users direct control over their data. HealthTAG not only aims to solve data challenges in Thailand, but is committed to building a “Health Operating System” (Health OS) that connects 600 million people across ASEAN. The partnership with Orbix Technology represents a critical step towards ensuring that this infrastructure meets international security standards and is ready to support emerging AI-driven medical innovations. Furthermore, this collaboration goes beyond mere data storage. It lays the foundation for health intelligence through privacy-preserving technologies and bank-grade electronic transaction security, supporting precise and self-managed medical research. This also facilitates connections with hospitals and partners to ensure comprehensive coverage for future service providers. Additionally, the use of Quarix’s blockchain technology will further enhance the system’s security and reliability.

This collaboration between Orbix Technology and HealthTAG reflects the application and advancement of blockchain technology in Thailand’s financial innovation and digital health data sectors, ensuring security, transparency, and reliability. It plays a vital role in supporting the development of the national financial and health data ecosystems, preparing them for public health data integration to support organizational and regional usage, while promoting long-term sustainable development.

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Orbix Technology Partners with HealthTAG to Advance Blockchain-Based Digital Health Data Platform Through Hospital Data Integration, Providing Users True Data Ownership

Amid the transformation of the global financial system, Stablecoins and Programmable Money are increasingly being recognized as new mechanisms for cross-border payments, particularly in Asia, where trade, investment, and tourism play a significant role in driving the region’s economic activity.

, an international fintech event that brings together leaders from banks, financial institutions, fintech companies, and leading organizations from around the world, a panel discussion was held under the topic 

“The Rise of Stablecoins and Programmable Money in Thailand: The Future of Real-Time Remittance.”

The panelists included Mr. Pisith Kulkanchanachewin, Managing Director of Orbix Technology & Innovation; Mr. Atthakrit Chimplapibul, Co-Founder of Bitkub Group; and Ms. Debbie Lin, Business Development Director of Money20/20 Asia.

From Orbix Technology’s perspective, the growth of Stablecoins is not merely a technological trend, but is increasingly becoming part of the design of regulated financial infrastructure.

Stablecoin Is a Tool, but Infrastructure Is the Core

Mr. Pisith views the growth of stablecoins as a global trend. The payments sector is beginning to consider stablecoins as an alternative for cross-border remittance and settlement. However, the key issue is not the issuance of more stablecoins, but the development of a regulated settlement corridor that can truly connect with banking systems, operate under regulatory oversight, and support enterprise-level use cases with stability and security.

 (Thai Baht Programmable Payment) is an electronic data unit backed by Thai Baht deposits (1 THBS = 1 THB). It can be used as a medium of exchange for goods and services within Thailand in real time. The system is currently being tested under the Enhanced Regulatory Sandbox of the Bank of Thailand.

clearly reflects this approach through the development of 

, an e-money issued on blockchain, alongside THBS as a Programmable Payment built on the 

 blockchain infrastructure to support financial transactions via the 

One of the key use cases is the Programmable Payment project, which allows foreign tourists from more than 20 countries to convert USDC into THBS within the Q Wallet application and conveniently scan and pay via QR codes at participating merchants.

A key feature is that e-KYC identity verification can be completed without visiting a bank branch, while merchants receive Thai Baht immediately. This project is currently being tested under the Enhanced Regulatory Sandbox of the Bank of Thailand and the Digital Asset Regulatory Sandbox of the Securities and Exchange Commission of Thailand.

In addition, cross-border remittance testing is being conducted in collaboration with 

, enabling corporate customers to transfer funds 24 hours a day, reducing transaction times from several days to only a few minutes. This service is being tested under the Regulatory Sandbox of the Bank of Thailand.

These developments reflect that stablecoins, THB Programmable Payment, or similar digital assets are not immediately replacing existing financial systems, but are gradually being integrated into financial infrastructure under clear regulatory frameworks to improve efficiency, transparency, and trust in the digital financial system.

Speed Is the Starting Point, but Programmability Is the Game Changer

Although blockchain technology enables cross-border transfers to operate 24 hours a day, the core significance lies not only in the speed of settlement, but also in the ability to define payment conditions through smart contracts under appropriate regulatory frameworks.

By defining the logic for releasing funds based on pre-verified conditions, operational risks can be reduced, transparency can be enhanced, and auditability can be strengthened.

This evolution moves financial transactions beyond simple Remittance toward the ability to design and program programmable cash flow.

At the same time, these developments must operate within strong risk management frameworks, internal controls, regulatory oversight, and system security standards, including business continuity measures, to ensure that they do not pose risks to users or to the overall stability of the financial system.

The Challenge Lies in Trust and Integration

Advancing financial infrastructure through blockchain technology aims to create programmable cash flow that enhances systemic efficiency and reduces operational risk through transparent and verifiable smart contracts.

However, achieving widespread adoption requires secure integration with existing financial institution systems (Legacy Systems) under clear legal frameworks, accounting and tax standards, and defined service standards (SLA). These elements are essential to protect users and maintain financial stability.

Therefore, Orbix Technology and KASIKORNBANK remain committed to studying and developing use cases with partners across the financial sector, with strong emphasis on regulatory compliance and the establishment of reliable common standards.

These efforts aim to create a solid foundation for the country’s sustainable digital economy, while ensuring that use cases will be discussed with and approved by relevant regulatory authorities before any future commercial deployment.

The Future of Cross-Border Remittance and Programmable Finance in Thailand

Over the next 3–5 years, the direction of programmable money and stablecoins is not to replace systems such as SWIFT or existing financial infrastructure.

Instead, they will be integrated as new financial service channels capable of supporting both transaction data exchange and asset settlement under clear regulatory frameworks.

Financial institutions will continue to play a critical role as system orchestrators operating under trusted governance, while blockchain technology will serve as the core infrastructure layer connecting both public and private networks with security and stability.

This interoperability between networks will strengthen flexibility and resilience within the broader digital financial system.

At Money20/20 Summit Thailand, Orbix Technology’s perspective clearly highlights that the future of Thailand’s cross-border remittance system will not be driven by technology trends alone, but by the design of trusted, interoperable, and regulated infrastructure at the regional level.

When money becomes programmable, the key question is no longer simply “how fast” transactions can move, but “how resilient, trustworthy, and sustainably integrated the financial system can be.”

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