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Vietnam Blockchain Summit 2022 discussed Vietnam’s future, digital transformation and CBDC

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Vietnam Blockchain Summit 2022 (VBS 2022) was a success. Organized by Vietnam Software and IT Services Association (VINASA) and Vietnam Blockchain Association, the event was held on October 19th and 20th, 2022 at the National Convention Center. The conference was attended by more than 2,000 of his national and global institutions, associations, corporate leaders and leading experts on blockchain policy and technology over his two days of the event.

Gia Binh Truong, Chairman of VINASA and FPT Corporation, said in his keynote address, These are highly promising conditions for creating digital twins in an era of comprehensive digital transformation. Blockchain is making breakthroughs in many industries. In 2021, the financial sector will have $6 trillion traded within one of his Ethereum chains, compared to $1.25 billion on Paypal and $13 trillion on Visa. Various countries such as the United Arab Emirates, Estonia, Luxembourg, and Switzerland have embraced blockchain for population control and electronic identity. IBM, Amazon, and McKinsey have embraced blockchain into supply chain management. By applying blockchain to these areas, the world could save his $450 billion in annual trade by counterfeit goods and reduce hundreds of thousands of deaths from his 10% of counterfeit medicines. “

According to experts, Vietnam is currently the most potential market for blockchain. Blockchain projects developed in Vietnam are resonating in the global market, forming blockchain technology platforms and solutions, and attracting a large number of investors. More than 10 of the top 200 blockchain companies in the world are Vietnamese. This is a strong foundation for the blockchain industry to continue to develop in Vietnam. Moreover, the Vietnamese government is always ready to pave the way for new technologies to grow to contribute to the nation’s digital transformation towards creating breakthrough growth. In 2020, the Prime Minister signed a list of priority technologies for research, development and application to actively participate in the Fourth Industrial Revolution, including blockchain technology. It now extends to the development of central bank digital currencies.

Vietnam Blockchain Summit 2022 has been positioned as an annual international event, making it one of the most engaging blockchain events in the world. In its first year, the event attracted over 2,000 delegates and over 50 speakers. Among them are blockchain technology powerhouses, UAE, Singapore, Malaysia, China, USA, South Korea, UK, France, Dubai, etc.

Vietnam Blockchain Summit 2022 included a conference and exhibition showcasing blockchain platforms, solutions and networking opportunities. Speakers focused on in-depth discussions on new tech startups, technology advancements and growth, sharing lessons learned, investments, and special announcements on overall future trends and forecasts. Topics highlighted among the 20 total sessions discussed were: What stablecoins and his CBDC mean for the future transformation of finance. Unlock the power of blockchain in your enterprise. The Future of Digital Assets Through the Lens of FTX; Beyond: Mass Adoption of Digital Assets and the Future of Online Trading. Web3’s winter didn’t dampen VC investment appetite. etc. The event brought together prominent speakers from FTX, DFG, OKC (OKX Chain), AAX, Cointelegraph, Jsquare, Gala, Sky Mavis, Binance, BNB Chain, Chainalysis, AWS, Kyber Network and more.

Duc Trung Phan, vice president of the Vietnam Blockchain Association, said at the event: That is why blockchain technology is opening up new applications in the global economy. The first blockchain summit held today in Vietnam will create connections for technical consultation and contribute to promoting the digital economy in the near future. The event will provide insightful information about this industry and recognize appropriate recommendations on compliance policies for domestic and foreign organizations to develop business models applying blockchain technology in Vietnam. In the future, when blockchain technology becomes the economic infrastructure, a central bank digital currency known as CBDC will be a necessary step forward in fiat currency trading around the world. At this time, CBDC is designed as a financial services platform to fill many gaps in today’s digital market system. “

Over the years, Vietnam has consistently been rated as one of the fastest growing countries in the world. But new innovations and new solutions are needed to sustain growth in a sustainable way. Vietnam is also undergoing a comprehensive national digital transformation, and new technologies that can generate breakthrough growth and development are always a concern of leaders at all levels.

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