Top 14 banks in Thailand announced their plans to create Thailand Blockchain Community Initiative, which will be issuing digital warranty letters on a joint blockchain platform. Hyperledger Fabric from the Linux Foundation will be used as a technical basis for the project. Head of Bank of Thailand said that such cooperation will increase efficiency and reduce costs in the financial sector. Currently, the issue of warranty letters, that secure the payment obligations of customers, takes a few days and with the new system it will be within just 30 minutes.