Vietnam’s blockchain potential is great despite many doubts

He Changpeng Zhao (CZ), CEO of Binance came to Vietnam on June 3 and is expected to leave on June 6. During his short stay in Hanoi, he shared many personal views on the environment as well as the potential of blockchain in Vietnam.

Binance CEO expressed his impression of the Vietnamese blockchain community ctv

According to the head of Binance, Vietnam has many young citizens with a deep understanding of blockchain technology, many of which have created good products, known globally. “Vietnam’s blockchain potential is huge. After interacting with the technology community here, I realized that Vietnamese people like innovation, many people are interested in new technologies like blockchain,” he said and expressed. believes that Vietnam is Asia’s potential market in the blockchain field.

However, cryptocurrency billionaire CZ also noticed the skepticism of many people towards this technology segment. But the reality shows that blockchain is being widely accepted and applied, so there is no denying the value it has brought over the years. “I do not think it is a transient trend, but will be sustainable in the near future,” CZ affirmed.

Leader Binance I was also impressed when interacting with the Vietnamese blockchain community during a short business trip. He said: “I am very impressed with the Vietnam Blockchain Association. Before coming here, I did not imagine such cooperation from the Vietnamese side and look forward to the support in the near future. In addition, we I am also supported by many different ministries, departments and branches.

Looking at the general situation, he believes that famous technology companies benefit a lot with blockchain, helping them not to be tied down in the operating process. enterprise traditions that help drive innovation. In addition, the process of building blockchain projects is also more economical than the traditional way of working, and the above reason explains why more and more projects are born, the competitive environment is fiercer.

On an international scale in general and in Vietnam in particular, blockchain is currently being used a lot in business operations. New technology is proving its superiority in the process of managing and retrieving data, ensuring transparency, fairness and safety in terms of information. In particular, digital transformation is one of the activities prioritized by the Vietnamese government to promote lack of blockchain.

However, Vietnamese people are cautious or have a negative view of technology, this is a trend due to Cryptocurrency confusion (cryptocurrency) is blockchain. Cryptocurrency is actually just one of the many applications of blockchain in the financial sector, not representing, nor covering for blockchain technology.