Diverse applications of Blockchain in the market

In the top 200 companies in blockchain technology – Blockchain largest in the world, there are 7 companies from Vietnam. Besides, Vietnam is also in the group of 5 leading countries in Blockchain technology with the index of acceptance of this new technology 5 times higher than in the US. It can be seen that this technology application is increasingly attractive to the Vietnamese technology and investment world.

An enterprise is developing a metaverse virtual universe, each user on it also has the right to develop the land as well as services and utilities according to his or her own wishes. What they create is considered personal digital property.

Mr. Bui Sy Nguyen, Founder of MetaCity, said: “We provide tools for people to be creative together. Add up all the values ​​​​of human-made assets, most of which are creative assets. You can see Amazon, Microsoft or google, property. their physics is not much”.

Blockchain is applied to manage virtual society on metaverse. Users will have the power to decide policies and regulations on it based on the NFT assets they own – similar to the votes we often see.

Mr. Phan Duc Trung, Standing Vice Chairman of Vietnam Blockchain Association, said: “For Logistic businesses, they can use it to manage goods, regardless of business can also use it to manage their customers. Some businesses also talk to us to manage votes, management shareholder management”.

The Vietnamese Blockchain market is forecasted to reach $2.5 billion by 2026, which is an increase of 5 times compared to the present.

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