FundGo solves the problem of blockchain application, helping startups confidently start innovative businesses

Currently, blockchain is leading many trends and being applied in many fields. In particular, in the fields of business and banking finance, blockchain has begun to expand its coverage and received great attention from Vietnamese startups. Realizing this, FundGo Creative Startup Investment Fund has been actively supporting, solving difficulties, helping businesses confidently start innovative startups applying blockchain technology.

According to statistics, as of 2021, the Vietnamese blockchain market has about 3,800 startup projects, with 11 names valued at over 100 million USD. Our country's blockchain ecosystem ranks third in Southeast Asia, after Singapore and Indonesia. FundGo believes that the Vietnamese startup ecosystem will continue to develop if it promotes the application of blockchain technology in many fields. From here, FundGo will also have more choices, expand its investment portfolio and contribute to promoting the development of the blockchain market in Vietnam.

Blockchain technology is being applied in many fields.

Mr. Truong Gia Bao - Chairman of DTS Alliance, Vice Chairman of FundGo Creative Startup Investment Fund affirmed that blockchain will bring many advantages if this technology is applied to the fields of business and banking finance. Because according to him, blockchain ensures the efficiency of transactions between parties by eliminating the presence of intermediaries and third parties. Data in the blockchain is automatically authenticated through a real-time consensus mechanism. At the same time, blockchain also ensures decentralization, helping banking and financial institutions eliminate interference and centralize power in a central agency, helping to eliminate the costs of organization and operation of these agencies in traditional systems. He also shared: “Blockchain is secured by many computers called nodes that confirm transactions in the system. There is no single loophole that can be exploited to bring down the system, even for the most vulnerable financial systems.”. 

However, looking at the blockchain market in Vietnam, Mr. Bao said that our country has many startup projects with great development potential but quickly withered due to lack of accompanying investors. He commented: “The number of people participating in the market is increasing, but there is a serious lack of knowledge about this field. From there, it leads to many forms of distortion and fraud appearing, commonly known as “chicken herding” or “trapping investors”.”.

Mr. Truong Gia Bao shares about current blockchain trends

To solve the above problem, the Vietnamese blockchain market needs the support of large funds. At the same time, we need to train and develop human resources as well as popularize blockchain technology to businesses. With strong financial resources, FundGo is committed to solving the problem of capital sources, helping businesses overcome financial concerns when approaching and applying blockchain. In addition, a team of experienced experts from the Fund will advise businesses on the application of blockchain in production and business to achieve positive results. In particular, with a network of reputable partners such as the Digital Asset Management Center (TSS), IM group Digital Transformation Academy, etc., FundGo has been coordinating and supporting the training of human resources to access both theory and practice of blockchain, contributing to improving the quantity and quality of resources in this field.