An index where Vietnam ranks first in the world, 5 times higher than the United States

On April 21, in Hanoi, the launching ceremony of the Vietnam Blockchain Union (VBU) took place. Established in January 2021, the Blockchain Alliance under the Vietnam Digital Media Association (under the state management of the Ministry of Information and Communications) was born, marking the pioneering of an established Blockchain alliance. and officially operate in Vietnam, in order to connect the community operating in the field of Blockchain and advise on the development of policies and legal corridors to develop Blockchain technology.

VBU is an alliance of leading Blockchain experts and organizations in Vietnam, with the vision of becoming the number 1 prestigious Blockchain organization in Vietnam, contributing to creating opportunities for Vietnam to develop the digital economy. The event opens a new step for the Blockchain community in Vietnam, where experts meet and share their vision and mission to promote Vietnam’s development with the digital economy.

According to Chainalysis, Vietnam has the highest Blockchain application adoption index in the world, 5 times more than users in the US. In which, four major trends including NFT, Metaverse, Artificial Intelligence (AI), and Blockchain Blockchain are gradually being conquered by Vietnamese people.

The Blockchain sector is particularly interested and developed by the Government. According to the national digital transformation program to 2025, with orientation to 2030, Vietnam aims to become a digital technology powerhouse by 2030.

Sharing at the ceremony, Mr. Nguyen Minh Hong – Chairman of Vietnam Digital Communications Association (VDCA) said that in the Fourth Industrial Revolution, along with AI, Big Data, Robotic, Blockchain is considered a technology. key for digital conversion.

“Blockchain is being affirmed day by day as an important agent of the digital economy and this technology has helped Vietnam make a mark with world powers. Aware of the above trend, the Media Association Some Vietnam has issued a decision to establish ‘Vietnam Blockchain Alliance Club’ (referred to as Vietnam Blockchain Alliance)”, said Mr. Nguyen Minh Hong.

Dr. Dang Minh Tuan, President of VBU, shared that the two main tasks of VBU are consulting, policy criticism and connecting the community of experts, engineers, and personnel operating in the field of Blockchain technology and applications. Blockchain technology.

VBU also participates in training, propagating and disseminating knowledge; Investment promotion, connecting domestic and foreign market supply and demand to promote entrepreneurship and innovation; participate in appraising and evaluating Blockchain technology, recommending and warning of operational risks of projects or community groups with abnormal signs; consulting and connecting careers in the field of Blockchain.

In an interview with Young Intellectuals, Dr. Dang Minh Tuan expected VBU to become a bridge between the business community and Blockchain researchers with the Government authorities. The aim is to assist the Government in building regulatory frameworks for the Blockchain sector. In addition, the Alliance is expected to contribute to the national strategy on Blockchain in 2025, with a vision to 2030.

“VBU’s mission is to form a healthy Blockchain community to limit the risks of projects; at the same time, participate in supporting human resource training in the Blockchain field. In addition, VBU will also be the a bridge to connect Blockchain businesses with investment funds to support businesses to develop products,” emphasized Mr. Tuan.

According to Dr. Dang Minh Tuan, in order for Vietnam to become a powerhouse in technology, we are anxious to find technologies to support the country to make breakthroughs. Blockchain is the new, most disruptive technology. Vietnam is proud because in the Blockchain field there are unicorns. Vietnam also leads a number of segments in the Blockchain market, with a game business owning 200 products, capitalization to $ 9.7 billion.

“There are digital currencies that within 11 years of its value have increased by 680 million times. That is an unprecedented growth in history. Looking back at the journey of Vietnamese rice, Vietnam is now becoming a become the leading rice exporting country.

It can be seen that thanks to a right policy, we have a breakthrough. We call on the business community and those interested in Blockchain to join hands to bring the digital technology and digital economy to create a big step forward in this field, contributing to the development of the Technology industry in Vietnam.” Dr. Dang Minh Tuan said.