The BOT has initiated a pilot project by collaborating with related organizations including the Public Debt Management Office (PDMO), Thailand Securities Depository (TSD), The Thai Bond Market Association (ThaiBMA) and selling agents consist of Bangkok Bank, Kasikorn Bank, Krungthai Bank and Siam Commercial Bank by conducting proof of concepts (POC) using distributed ledger technology (DLT) or blockchain technology for transforming government saving bonds issuance, distribution and sales. The project could potentially be put forward for developing Thailand's market infrastructure for government and securities markets in the near future.