The bank is the first major player in Thailand to apply blockchain to enhance supply chain transactions. Krungsri is leveraging on the knowledge from its Japanese parent, Mitsubishi UFJ Financial Group (MUFG), as well as new technologies to rapidly grow its commercial customer base in Thailand. The bank pioneered the use of decentralised ledger technology to significantly increase the speed, transparency and accountability of supply chain transactions and expand capital access to cash-short SMEs. It has been six years since MUFG acquired 76.88% of the Thai bank, and since then, it has wasted no time in transferring knowledge, skills and all-important market access to its local subsidiary. By banking on emerging technologies, Krungsri hopes to sustain robust asset growth figures in its commercial banking business.