Binance (the leading tech corporation for blockchain development across the globe) and Vietnam Blockchain Association have declared their collaboration on the interchange of application and research regarding the Human Resource Training and Technology in Vietnam for the promotion of blockchain technology in Vietnam and the construction of a bridge with the rest of the groundbreaking technology corporations throughout the world.
Vietnam and the Latest Blockchain Development
The position of Vietnam is not just that of an enthusiastic market dealing with blockchain technology’s application however additionally it is counted among the prominent nations that actively participate in promoting the application and research of the exclusive technologies in the real sense.
The Government Cipher Committee’s Director, Mr. Ngo Duc Thang, asserted that blockchain comes within the categories of digital technology that are present on the series of priorities taking into account research application, as well as development for the fourth Industrial Revolution, as per Decision No. 2117/QD-TTg (that was sanctioned on 2020’s 16th December by the country’s Prime Minister).
That is why digital transfers via blockchain would be made available in several sectors like banking services, healthcare, agriculture, energy, industrial production, and so on. Specifically, the public sector could be permitted to have the application of blockchain. In this way, it signifies that the respective technology will influence several spheres of regular life as well as the business around the globe with or without being realized by the people, and there would be a remarkable increase in investment chances related to blockchain technology.
The Representatives of the Partnering Platforms Show Optimism
Mr. Ngo Duc Thang stated that in the future, the Government will keep on facilitating, promoting, as well as encouraging the early-stage businesses to preemptively quicken the process of digital transformation where the chiefly important is blockchain technology. According to the expectation, by 2030, nearly 40M jobs would be created by blockchain technology and ten to twenty percent of the economic infrastructure across the globe will operate on the systems based on the respective technology.
As per Mr. Changpeng Zhao, the CEO of Binance, blockchain denotes an exclusive technology related to the digital economy. The procedure of the country’s adoption of this technology at this time will put a considerable influence on the future of the native economy as well as all across the world. As many more nations are expressing to be willing for the implementation of blockchain technology within daily life, he added, this field requires transparency and adequate regulation to be employed in every area of life rather than only cryptocurrencies, NFTs, or DeFi – Decentralized Finance.
Vietnam Blockchain Association’s Vice President, Mr. Phan Duc, expects that this partnership will provide more value to the Vietnamese business community, develop a workforce harnessing the latest technology as well as play a vital part in policy advice to the management agencies based in the state. In his words, while playing its part, the Association creates a link within the blockchain community within the country along with making a bridge to take products of Vietnam to the rest of the world and allure additional international resources to the country.