Vietnam Blockchain Association and Binance to conduct research of Blockchain Technology
Vietnam Blockchain Association has entered into a strategic partnership with the world’s leading cryptocurrency exchange, Binance. The association aims to promote development of Blockchain Technology in Vietnam with the cooperation on exchange of Research & Application with Binance. They would also build partnerships with several other technology corporations around the world according to the press release.
Vietnam NFT Summit 2022 – The New Era Solution, took place on 4th June in Hanoi. The summit paved way for discussion & research exchange agreements as well as signing cooperation between Binance and Vietnam Blockchain Association.
Vietnam’s adoption of Blockchain Technology
The newly formed, first such Blockchain Association in the country’s crypto space is created with the purpose to promote the digital transformation in Vietnam. This would also help Vietnam make its place on the global tech stage. Experts from all over the country would join forces to bring more applications of Blockchain Technology in daily life.
Vietnam is one of the leading countries in engaging R&D and application of new technologies. The government of Vietnam has prioritized Blockchain application for research and development and application for the 4th Industrial Revolution.
Vietnam is promoting digital transactions in fields such as banking services, industrial production, energy, agriculture, healthcare, retail and consumption. Therefore, the investment opportunities in the coming years would be huge.
According to Mr. Ngo Duc Thang, Director, Government Cipher Committee, Government would promote digital transformation. He stated that by 2030, 40 million jobs would be created through blockchain worldwide. Moreover, in the coming years almost 10%-20% of Global economic infrastructure would run on Blockchain technology. Hence the move by Vietnam to get ahead of these changes and provide a technology driven ecosystem for investments & businesses to thrive on.
A Strategic Partnership with Binance
Binance is undoubtedly the world’s leading Blockchain development technology corporation. They already provide institutional grade research reports, data-driven insights and analysis for investors in the crypto space. It is one of the largest exchanges in the world which gives it a unique position to help in further R&D and digital transformation of Vietnam.
The aim of Binance is to focus on freedom of money globally. Therefore, they provide an array of services to fulfill that goal. That would help this strategic partnership to achieve the goal of blockchain adaptions. The move would help achieve tremendous opportunities as well as foreign investment for Vietnam too.
Changpeng Zhao, Founder & CEO of Binance stressed on clear and effective regulation, which according to him is essential for massive blockchain adoption. He also said “Binance is continuously licensed to operate in France, Italy, Abu Dhabi, Bahrain, and Dubai…. is concrete evidence of the company’s compliance with local regulations at all time.”
Binance CEO further pledged to comply with Vietnamese laws and put the users always first.
The representatives of VBA are hoping to have huge positive impact on local & global economy through this partnership. There are plans to create workforce mastering in high technology as well as bringing sustainable growth values for prosperous Vietnam.
