Vietnam’s Bold Plan to Lead in Blockchain Technology
Vietnam has officially announced its National Blockchain Strategy, setting big goals for the country’s future
Blockchain is seen as one of the key technologies in the Fourth Industrial Revolution, which is changing how the world works.
The Deputy Prime Minister recently approved this plan, which aims to make Vietnam a leader in blockchain technology by 2030.
What is Blockchain?
Blockchain is a secure and reliable way to store and share information. Think of it like a digital ledger. Here, all the records are kept in one place, but no one can mess with them. This helps keep data safe and trustworthy.
Vietnam’s government believes that using blockchain will help create stronger digital infrastructure. Also, it will boost the development of its tech industry.
BREAKING: VIETNAM OFFICIALLY ISSUES NATIONAL BLOCKCHAIN STRATEGY pic.twitter.com/esnxNYpFo1
— DEGEN NEWS (@DegenerateNews) October 23, 2024
Vietnam’s National Blockchain Strategy includes some pretty ambitious goals. By 2030, the country wants to be a top player in researching, developing, and using blockchain. They plan to build at least 20 well-known blockchain companies that create platforms, products, and services.
On top of that, the government wants to maintain at least three special zones or testing centers in big cities. These will be places where blockchain technology can be experimented with, much like a tech playground. Another goal is to make sure Vietnam is ranked in the top 10 blockchain training and research centers in Asia.
The government isn’t just shooting in the dark with these goals—it’s putting a solid plan in place. Vietnam is getting its ducks in a row with five key actions in the 2024-2030 Action Program to help the country reach these goals.
🇻🇳 BREAKING: Vietnam Launches National Blockchain Strategy Aiming to Lead the Region by 2030 pic.twitter.com/IpE451S6At
— Cointelegraph (@Cointelegraph) October 23, 2024
The Action Plan: 5 Steps to Success
The government’s plan to make all this happen involves five main steps:
- Creating a Strong Legal Framework: Vietnam will work on making clear laws and rules for blockchain to ensure everything runs smoothly and fairly.
- Building Infrastructure and an Ecosystem: This means making sure there are systems and tools in place for blockchain to thrive, like creating a support system for new blockchain projects.
- Developing Skilled Workers: The country knows that to be a leader in blockchain, they’ll need experts in the field. So, they’re focusing on training people in blockchain technology.
- Promoting Blockchain: Vietnam is working to raise awareness and get people excited about blockchain by promoting its development and use across different industries.
- Encouraging Research and International Collaboration: Vietnam wants to be at the top of its game by encouraging research and working with other countries to stay ahead of the curve.
Who’s in Charge?
The plan assigns different responsibilities to key government agencies. For example, the Ministry of Information and Communications, the Ministry of Education and Training, and the Government Cipher Committee all have roles to play in ensuring the success of this strategy.
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