Topic: blockchain

Country holds a great deal of potential in the digital economy, especially blockchain, Binance Blockchain Week Paris 2022 hears.

According to the 2022 Global Crypto Adoption Index published by blockchain data analytics company Chainalysis, Vietnam ranks first out of 146 countries and territories in terms of cryptocurrency adoption, followed by the Philippines, Ukraine, India, the US, Pakistan, Brazil, Thailand, Russia, and China. This is the second straight year Vietnam has led the index, which was first published in 2019.

Forty-one of Vietnam’s 63 cities and provinces have prepared a smart city development project. At a conference on blockchain applications held on August 18, analysts said metropolises like Ho Chi Minh City and Hanoi have the potential to build smart cities if there are appropriate policies focusing on three platforms: the Internet of Things (IoT), human resources, and real estate.

DIG, a multinational blockchain technology corporation headquartered in Dubai, will co-found a world-class gaming studio called Wild Thunder Studio in Vietnam with the innovative use of blockchain technology.

Launched at the end of April under Decision No. 343/QD-BNV, the Vietnam Blockchain Association (VBA) has been gradually implementing measures to reach its goals, which include acting as a bridge linking members - both individuals and organizations - in the blockchain field in terms of cooperation, experience sharing, support, and helping each other in production and business.

At the Vietnam Blockchain Conference, held within the framework of the Vietnam-Korea Cooperation Forum (VIKO30), Mr. Park Bong Kyu, Chairman of the Marvels World Blockchain Summit, said: “Vietnam has an advantage in having many young, open-minded businesses. Many young people are involved in blockchain, so the industry in Vietnam has the potential to grow stronger and more dynamic than in South Korea.”

Blockchain is predicted by many to become the most attractive sector for investors.

S.H.E Blockchain, which specializes in training female employees in the blockchain industry, was launched on July 12 and will contribute to partially resolving the shortage of human resources for blockchain projects. According to analysts, if Vietnam does well in training for the blockchain industry, it is completely possible to expand human resources in the field to other countries.

Recognizing the huge opportunities in the fledgling Web3 ecosystem in Vietnam, startups in the field have been multiplying rapidly and made Vietnam one of the most vibrant blockchain centers in Southeast Asia. Techcollectivesea recently looked at how Vietnam’s top 5 crypto startups are growing and how they handle issues surrounding cybersecurity and fundraising.

Vietnam has been chosen as the location of the 10th Global Blockchain Congress on July 11 and 12, as the country is on the rise in the blockchain industry.