‘Review the legal corridor for blockchain development’

Blockchain is attracting the attention of international as well as Vietnam. However, this new technology is lacking a legal corridor to manage and operate, making it difficult for enterprise in the process of development, implementation into practice to bring benefits in business activities.

Deputy Minister Tran Van Tung emphasized on finding a legal corridor for Vietnamese blockchain Le Minh Son

Besides, the community is still confusing the concept of “Blockchain“With cryptocurrency, although in reality, cryptocurrency is just one of the applications of this new technology. In fact, blockchain is developing very quickly and is widely applied in important fields today. now like banking finance, e-commerce, healthcare, agriculture. In the world as well as in Vietnam, there are hundreds of thousands of companies and corporations of all sizes that are putting this technology into management and production, both helping to increase labor efficiency for businesses, while also bringing in new technologies. benefits to consumers.

Number of businesses, scientists, engineers pursuing research and application blockchain technology increasing, leading to an increasingly strong need to connect, share and support. In just a short time, Vietnam has appeared up to 2 Blockchain Alliance and recently the Blockchain Association was established under the decision of the Ministry of Interior.

At the launch event of the Vietnam Blockchain Association (Vietnam Blockchain Association) in Hanoi on the morning of May 17, the Deputy Minister of Science and Technology affirmed that the Ministry will focus on directing relevant units to coordinate with the Vietnam Blockchain Association. association in activities, as well as reviewing and completing the legal corridor of the industry to create favorable conditions for research, development and application of blockchain technology in Vietnam. “We will also consider and prioritize resources for research, development, and blockchain applications,” he emphasized.

The Deputy Minister also expressed his wish that the association would be established to coordinate and support the Ministry of Science and Technology and related ministries in building and completing the legal corridor for blockchain in Vietnam.

Next time, Vietnam Blockchain Association aims to bring together businesses, organizations and individuals who are passionate or active in blockchain technology in the country to share experiences and resources together to bring blockchain to contribute to the implementation of national digital transformation. successfully participate in and develop the digital economy in Vietnam.

In addition, the Association and its members mobilize resources and effectively cooperate with research institutes and universities in Vietnam to jointly form scientific and technological projects and tasks in the blockchain field. in order to jointly develop, master and create technology products with Vietnamese intelligence, participate in the global blockchain market, as well as human resource development in this field.