VietNamNet Bridge - Vietnam has recently become a blockchain R&D center in the region. The technology has been the major topic of many workshops and conferences organized this year. 

Blockchain can be utilized in many fields, including agriculture production

The Blockchain Festival Vietnam organized by Huobi, one of the financial service providers, on May 24-25 in HCMC was the latest event related to modern technology. The event aims to connect leading experts in blockchain technology in Vietnam and the world.

In late April, the Vietnam E-commerce Association (Vecom) set up the Blockchain Sub-association. Vecom’s chair Nguyen Thanh Hung explained that the establishment of the sub-association is necessary to step up the utilization of the technology in economic activities.

Besides the Blockchain Sub-association, Vietnam also has a Blockchain Club, belonging to Blockchain Labs of the regulatory technology (RedTech) firm.

This club aims to build the knowledge base for blockchain. Infinity Blockchain Labs has a plan to turn Vietnam into one of the leading countries in Blockchain R&D.

Vietnam has recently become a blockchain R&D center in the region. The technology has been the major topic of many workshops and conferences organized this year.

To implement the plan, in early March, Infinity Blockchain Labs and Lina Review organized a Blockchain Week Vietnam which gathered 2,500 participants from many countries.

The event provided a panoramic view of Blockchain, the current policies, applications and impact of Blockchain on industries.

The State Bank of Vietnam thinks Blockchain can basically change the finance & banking sector in the upcoming years.

There was a two- day workshop on blockchain technology organized by SBV and ADB in mid-April.

Technology experts said the organization of rapid-fire events within a short time showed great interest in the technology. 

Kimble Ngo, the founder of Amp Marketing Blockchain, said during Blockchain Vietnam Week that Vietnam is one of the countries with great potential to become a R&D blockchain center of the world. He praised the potential for a Blockchain ecosystem in Vietnam.

With qualified engineers who can quickly adapt to new technologies and the quick arrival of investors, Ngo believes that Vietnam has all the major conditions to become a ‘Blockchain flagship’ in the region.