Bitkub and Jaothui are revolutionizing Buffalo Conservation and elevating the industry with blockchain technology
Bitkub Ventures Company Limited, the investment arm of Bitkub Capital Group, led by Mr. Jirayut Srupsrisoha, Founder and CEO of Bitkub Capital Group Holdings Co., Ltd., and Ms. Nauwarat Thamsauydee, CEO 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 utilize blockchain technology in the development of buffalo conservation efforts and raising 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, Vice Governor of Kalasin Province. The event featured lectures by various experts including Mr. Jirayut, Ms. Nauwarat, Mr. Tanabat, Prof. Dr. Kulchet Pianthong of 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, a renowned 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 neighboring provinces.
Mr. Jirayut stated, “Bitkub Capital Group was established to provide opportunities, promote innovation in the country and create new businesses for the Thai people. Bitkub Ventures acts as an investment entity that supports young developers in expanding the blockchain ecosystem. Today, we have is honored to be a part of bringing technology to the development and conservation of Thai buffaloes, as well as raising the Thai buffalo industry to an international level.The introduction of blockchain technology can instill confidence among buyers, which is essential to increase the value of Thai buffaloes. Furthermore, giving the buffalo industry increased access to finance and claims will further increase its value. Blockchain technology is a perfect solution to meet these challenges.”
Nauwarat added, “Bitkub Ventures has never previously 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 funding support, blockchain technology and knowledge for the development and conservation of Thai buffalo for generations to come. We sincerely hope for support from all sectors to work together and truly elevate Thai buffalo to an international level.”
Mr. Tanabat expressed his passion for technology and his extensive experience in the field. He shared his vision of applying blockchain and NFT technology to the Thai buffalo industry, highlighting the industry’s untapped potential. He highlighted the ability to create pedigree certificates that store comprehensive information including names, microchip numbers, breeders, dates of birth, weight, height, parentage and accolades. By recording all this information on the blockchain, it becomes available to everyone, including foreign buffalo 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 reaffirming his commitment to the development and conservation of Thai buffaloes, recognizing their importance as a national symbol and their immense value to the Thai people. He expressed his belief that with these new innovations, Thai buffaloes will become famous all over the world.