Blockchain – The “Key” Technology for Digital Transformation


Blockchain technology has been known as the most common and often used keyword in the digital age. This technology is even regarded as one of the “key” technologies to accelerate the process of digital transformation and achieve the highest level of effectiveness.

Blockchain is a technology that encodes all data into blocks and chains, connecting them together. Iff there is new information or transactions, the previous information is not deleted but is instead added to the previous block to create a new chain. There is no way to modify data once it has been written to the blockchain system. This technology is being used in 65 different fields, most commonly in finance, insurance, government administration, infrastructure, real estate, transportation, and logistics as well as in healthcare and education. Because of the rapid development of new technologies and the internet, it is anticipated that the impact of blockchain technology will be stronger than that of the internet revolution three decades ago. According to the World Economic Forum (WEF), by 2025, 10% of the world's GDP may be kept on blockchain. Therefore, blockchain is now regarded as a “key” technology for digital transformation in the majority of corporations and businesses, particularly in the financial, banking, and securities sectors. 

Blockchain is one of the digital technology fields in Vietnam's research and development priorities.

The blockchain market in Vietnam has made remarkable achievements, drawn lots of investors, and is a foundation for blockchain projects to keep growing. Particularly, according to Chainalysis, Vietnam has the highest blockchain application adoption index, which is five times higher than that of the US. Businesses in Vietnam are starting up rather quickly compared to the common ground, even creating new trends like blockchain games. At the moment, Vietnam is leading the market with more than 200 blockchain games. With significant advancements, it is expected that the blockchain industry would climb from $4.93 billion in 2021 to $227.99 billion by 2028, with an estimated annual growth rate of almost 72.9%. This figure demonstrates the high-speed development of blockchain and it is believed that this platform will be the “key” technology in the digital era. 

Blockchain will be the primary technology used to address the problems associated with the digital transformation. 

However, the state should establish a clear and efficient legal corridor for the Vietnamese blockchain sector to grow quickly. For organizations and businesses, it is necessary to make the appropriate human and financial investments to properly apply blockchain technology. With the goal of investing and accompanying intensive blockchain projects, FUNDGO will coordinate with other organizations to organize forums, workshops and seminars to share information and experience, to help businesses invest in researching and implementing blockchain technology applications in practice.

Blockchain technology will continue to create opportunities for enterprises to actively develop, apply technologies, boost competitiveness, make exceptional income and profit, as well as assure global integration. Since then, blockchain technology has evolved into the “key” technology that supports Vietnam's rapid and efficient digital transformation.



arrow left arrow right

Tết Nguyên đán – ngày lễ sum vầy, đong đầy ý nghĩa

Tết Nguyên đán là lễ hội truyền thống lớn và quan trọng nhất trong năm của Việt Nam, là dịp để nhà nhà đoàn tụ, sum vầy cùng tổng kết lại năm cũ và chào đón năm mới. Tết Nguyên đán còn là một trong những nét văn hóa lâu đời, không thể thiếu trong […]

Innovative Startup with Students as the Focus

Students are the backbone of the innovative startup ecosystem since they are not afraid of change and are highly adaptable to new trends and technological advancements. Therefore, it is crucial to educate students about the significance of innovative startups as well as stimulate their desire to start a business.

Digital Transformation: Change the Appearance of Vietnamese Education

Digital transformation in education and training has been around for a long time and actively utilized in the teaching and learning process all over the world, including in Vietnam. According to the National Digital Transformation Program approved by the Prime Minister on June 3, 2020, education is the second priority field for digital transformation after medicine. This demonstrates that education and digital transformation in the industry are critical to the country's development. So, what are the advantages of the digital transformation in education? How is the digital transformation in Vietnamese education? Let's find out in this article!

Should Blockchain Be Applied in Vietnamese Education?

When it comes to blockchain, most people usually think of Bitcoin, but in fact this technology has made great strides and created a lot of positive changes in other areas besides digital assets. Notably, blockchain is initially creating a revolution in the education industry in some countries around the world, especially at the university level. Should blockchain be applied in universities and colleges in Vietnam?

Metaverse – A Perfect Complement to the Real World

With the explosion of industry 4.0, Metaverse is becoming one of the most commonly mentioned concepts. According to experts, Metaverse will develop into a general trend in the future and will perfectly complement the real world.

Blockchain – a Potential Field for Technology Startups in Vietnam

In recent years, blockchain has made positive changes and created a prominent trend in Vietnam. With disruptive and diverse applications, blockchain is considered a fertile ground for technology startups and the startup ecosystem in our country. So how has blockchain made a difference in economic development?

Successful Startup: Important Things that Must not Be Ignored

Startup is currently a popular trend in Vietnam when more and more young people have a passion for business and a venturesome spirit. However, it is their inexperience that causes startups to encounter numerous difficulties and make a lot of mistakes on their journey. Understanding the do's and don'ts is one of the key foundations for startups to stand firm in the fierce market competition.

Blockchain Technology and the Law

Blockchain is gradually becoming a trending technology that captures enormous attention from organizations and businesses around the world. In Vietnam, blockchain is no longer an unfamiliar term as it has received widespread acceptance. The State is also promoting research and step-by-step promulgating blockchain-related legal framework, guidelines and policies.

Why do Businesses Fail at Digital Transformation?

Digital transformation is an ultimate goal that myriad businesses in Vietnam are striving towards, but not all of them can achieve it. Statistics from the Vietnam Association of Business Administrators show that over 90% of companies fail to perform this process. So what are the culprits behind their failure? Read the following blog to find out some common mistakes in the digital transformation of Vietnamese enterprises.