Banner

Digital Assets and Its Practical Benefits for the Digital Economy

03/10/2022

Currently, digital asset has become a familiar concept and asset digitization is one of the prominent trends in the 4.0 technology era. Billions of dollars have been invested in digital assets, which makes the market have exploded over the years. Many companies in the world have changed their views, names or added business forms related to digital assets because they bring a lot of benefits compared to the traditional model. 

COVID-19 has significantly influenced the recent transfering in technological trends. In this context, digital transformation is a necessary solution to maintain and develop businesses. 56% of the CEOs of large companies agree that digital transformation increases revenue. In general, companies that successfully conduct digital transformation are 23% more profitable than those that apply traditional business models. Because of the sharp rise in users brought about by digital transformation, technological platforms and digital assets have become well-known quickly. In particular, digital assets are one of the key factors promoting a fast and effective digital transformation. Digital assets include digital currencies (also known as virtual currency, cryptocurrency, etc.), intangible assets (properties in games, intellectual property, videos, digital pictures, etc.) and digitized physical assets (pictures, financial assets such as real estate, securities, papers, degrees, equipment; tools such as phones, furniture, fashion goods, etc.). 

Digital assets have become an inevitable trend in the 4.0 technology era.

In the research on the topic "Digital Asset Transactions in the Digital Economy - Metaverse Economy", Mr. Luu Tuong Bach, Vice Chairman of Club of Economists, Chairman of the Board of Aptus Capital Startups Fund Management Corporation, Senior Advisor of FUNDGO Startup and Innovation Fund, pointed out the practical benefits of digital assets. First, thanks to smart contracts, digital assets always ensure transparency for users. Simultaneously, digital assets also function under rigorous guidelines and may be observed and verified by anybody with access to that blockchain. In addition to transparency, digital assets also provide reliability by ensuring the safety of all transactions because no one can unilaterally control or manipulate them. One of the most notable advantages of digital assets is innovation. Thanks to digitalization, users can expand their imaginations, create new opportunities and realize them in the best possible way. For example, digital assets allow us to develop applications that distribute rights, money, automatic dividends, cut intermediary cost, etc.

Digital assets and blockchain technology will continue to evolve in the digital era.

In the research, Mr. Luu Tuong Bach affirmed that users will feel secure when entering the digital asset market thanks to legal compliance and security. Digital assets use smart contracts, and these contracts are always correctly written and implemented, ensuring compliance with laws and other current regulations. Digital assets also save time from performing transactions to clearing and settlement or asset custody and management of other related rights. Digital assets also assist users in reducing some transaction costs. It is estimated that the cost can be reduced by 40-80% by cutting out the intermediary. Finally, because of the great advantages already mentioned, digital assets will contribute to the development of a better and more vibrant Metaverse community.

Digital assets have a wide range of applications in various fields.

Realizing the importance of the development of digital assets in the era of 4.0 technology, FUNDGO has been actively supporting and investing in numerous innovative projects both inside and beyond the Mekong Delta. The Fund has assisted companies in transforming from traditional to digital businesses, especially blockchain, contributing to promote a fast and sustainable digital economy. 

Because of the aforementioned advantages, digital assets have caught the attention of big enterprises and brands all around the world. It is believed that blockchain in general and digital assets in particular will continue to develop and integrate into company operations and achieve remarkable feats in the future.

Category:

RELEVANT NEWS

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.

EN