Blockchain technology promotes digital transformation in Vietnam
Digital transformation in Vietnam is going into reality. Many new technologies, such as Big Data, Cloud, AI, VR/XR... are invested in research, development and application by enterprises to promote digital transformation. Blockchain technology with enormous application potential is gradually being introduced into many fields, solving many difficult problems with outstanding features, such as transparency, security, speed and cost.
Blockchain technology is still being considered by many countries as one of the important options for economic development. The global Blockchain technology market size will reach 5.92 billion USD in 2021, about 7.18 billion USD in 2022 and expected 163.83 billion USD in 2029 (Grand View Research Report).
Vietnam is being considered as a market with the highest level of Blockchain adoption, as well as the leading development of Blockchain technology. Currently, there are more than 10 Vietnamese creative startups with a capitalization of over 100 million USD and "unicorn" start-ups in this field.
Despite many challenges, Blockchain is gradually being put into operation, practical applications in many fields, such as finance, banking, transportation, logistics, healthcare, education... solving many problems, challenges with outstanding features, such as transparency, security, speed and cost.
Among the Top 200 companies and businesses operating on blockchain technology in the world, there are 7 businesses founded by Vietnamese people. According to MarketsandMarkets, the Blockchain-related market in Vietnam is expected to reach a value of nearly $2.5 billion by 2026, increasing 5 times in size compared to 2021.
To position the development trend of Blockchain platforms and technology, Vietnam Blockchain Summit 2023 (Vietnam Blockchain Summit 2023) organized by Vietnam Software and Information Technology Services Association (VINASA) and Blockchain Association Organized by Vietnam will take place on October 12-13, 2023 in Ho Chi Minh City. It is expected to attract over 2,500 delegates. The event will include big activities: Conference, Exhibition, Investment Connection, Training Workshop, Metaverse experience area...
Vietnam Blockchain Summit 2023 with the theme "Stay on the Path" continues to accompany the Government, agencies, ministries, sectors and businesses in continuing to orient, develop, and promote the application of Blockchain technology in Vietnam, and at the same time make a mark on Vietnam's Blockchain development, creating a destination for investors, Blockchain developers in the region and the world.
One of the key activities of this year is the in-depth exchange of technology applied in promoting and managing the state in the field of Blockchain as well as investment connection between startups and investors, investment funds, towards innovations, Blockchain technology at layer 1, layer 2, has great application potential to promote the digital economy.
Dozens of prestigious investment funds, domestic and international Startup investors will be invited to participate. Besides, there are business matching programs (Business Matching) between domestic and international businesses to promote the development and dissemination of useful products and services. Connecting and cooperation activities are expected to be the highlight of the event, positioning Vietnam as an attractive destination for investment, development and application of Blockchain technology.
At the press conference announcing the Vietnam Blockchain Summit 2023 on May 18, 2023, Mr. Mai Duy Quang - Vice President of VINASA said that VINASA and its member businesses set the mission of pioneering digital transformation. To speed up the digital transformation process. New technologies like Blockchain need to be developed. The Blockchain technology market needs to be developed in the right direction, promoting positive strengths, promoting cooperation to quickly develop, contributing to the common development.