CZ: ‘Vietnam is pioneering blockchain’

At the Vietnam NFT Summit event on the morning of June 4 in Hanoi, the founder Binance CZ suppose, I think blockchain is a new technology for the digital economy. How countries apply this technology today will have a profound impact on the future of the local economy and the world at large. More and more countries show their determination in grasping and properly applying blockchain in life.

“We are working hard every day to work with regulators around the world to develop legal and regulatory frameworks for digital assets. If there is a clear legal system in this area, many Vietnam can be one of the pioneers in accessing new technology. I appreciate that you are one of the first countries to have a legitimate blockchain association and an association. the world’s best performing association,” said CZ.

According to the founder of Binance, Vietnam is a country with a curious culture, many young people have a deep understanding of blockchain technology and create good products. “The potential of the Vietnamese blockchain industry is enormous. You have many passionate and knowledgeable employees about technology. After interacting with the Vietnamese technology community, I see that you are very interested in innovation, many people are interested in new technology like blockchain. Vietnam is a potential market for Asia in the blockchain field,” said CZ.

The Canadian billionaire admits that in any field, there are good people and bad guys participating in the market. Having a clear and transparent legal mechanism will be extremely important to limit bad projects, bring the market to work within the framework and comply with the law.

On the side of Vietnamese regulators, Mr. Ngo Duc Thang, Director of the Party-Government Cipher Department (Government Cipher Committee) affirmed that blockchain is one of the digital technology fields on the list of priorities for research. , development and application for the fourth industrial revolution. “When it comes to digital transformation, it is essential to handle huge data in a digital environment. Therefore, blockchain will become a key technology to solve the challenges of big data, big data stories. in digital transformation”, said Mr. Thang.

A representative of the Government Cipher Committee said that some provinces in Vietnam have applied blockchain in many fields. For example, Ho Chi Minh City uses blockchain in the fields of energy, transportation and urban development. Da Nang is applied in implementing digital transformation solutions, building smart cities, creating many jobs, bringing many conveniences to people…

“In the coming time, the Vietnamese government will continue to facilitate, encourage and promote businesses to soon proactively accelerate the process of digital transformation, in which blockchain technology is the key”, Mr. Thang affirmed. determined.

From the experience of observing countries around the world, the CEO of Binance believes that finance is not the biggest challenge for blockchain technology to be widely applied. “There are two big issues we always care about: compliance with government regulations and finding and training local human resources. We always want to contribute to the economy and expand our operations in Vietnam. With the support of the government, at the same time, Binance is also committed to deeply participating in the field of training and investment for blockchain in Vietnam,” said the CEO of Binance.

Khuong Nha