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Research Project

Blockchain for Economic Stimulation

Academic research proposing blockchain-based model for Thailand's 10,000-baht digital wallet scheme, evaluating impact on programmability, fraud prevention, and financial inclusion.

Role Team Leader
Institution Rangsit University

Project Overview

This research explores the potential integration of blockchain technology into Thailand’s 10,000-baht digital wallet stimulus scheme. Rather than implementing blockchain, the study analyzes its feasibility, perceived effectiveness, and potential advantages compared to the current centralized model. It focuses on how blockchain’s core features—programmability, fraud prevention, and accessibility—could improve transparency, trust, and inclusion in public fund distribution.

Role

Key Findings

0.678
R² Value
β = 9.13
Programmability Impact
β = 5.36
Fraud Prevention Impact
β = −1.91
Accessibility Impact

Research Methodology

Quantitative Analysis

Applied multiple linear regression to examine how blockchain-related variables influence perceived effectiveness.

Survey Research

Collected data from 60 Rangsit University students who were eligible but excluded from Phase 3 of the stimulus program.

Data Analysis

Used Python and SPSS for statistical testing, including Shapiro–Wilk normality, R² validation, and multicollinearity checks.

Reliability Testing

Ensured Cronbach’s Alpha ≥ 0.79 across all constructs, confirming consistency in the survey measurement model.

Outcome & Reflection

The study established a quantitative framework for evaluating how decentralized systems could improve public financial management in Thailand. As the team leader, I strengthened my skills in academic coordination, data analysis, and technical communication. This project also deepened my understanding of designing blockchain-based systems that balance technological innovation with accessibility and public trust.