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Monday, December 16, 2024

A springboard for businesses

By Dr. Tran Quoc Thai - Lawyer Nguyen Thi Kim Thanh

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In the era of rapid digital transformation, blockchain technology is no longer uncommon. It has become a strategic tool for optimizing operations and enhancing competitiveness. On October 22, 2024, the Prime Minister issued Decision 1236/QD-TTg on the “National Strategy for Blockchain Application and Development,” aiming to position blockchain as a foundation for innovation in Vietnam by 2030. This presents a significant opportunity for Vietnamese enterprises to lead the adoption of this groundbreaking technology. New game, new opportunities The standout feature of blockchain is its decentralized and distributed ledger system, which reduces risks and intermediary costs, paving the way for decentralized applications (dApps). Blockchain is shaping technological trends such as virtual reality (VR), augmented reality (AR), and the metaverse while serving as the “backbone” for digital asset management. Forecasts suggest that blockchain’s value contribution to the metaverse could reach US$5 trillion by 2030, making it a compelling investment opportunity for businesses. Beyond the tech sector, blockchain is permeating industries and services, including finance, logistics, healthcare, and banking. The combination of blockchain and artificial intelligence (AI) enhances transparency and data security while streamlining operations. This technology also improves customer experiences through multi-channel solutions that integrate seamlessly across social media, email, and direct […]
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