VIETNAM, September 20 -
HCM CITY – Blockchain technology is being adopted by governments and companies around the world, but there are still some challenges for blockchain to go mainstream in Việt Nam, including limited interoperability, security concerns and lack of regulations, experts have said.
Blockchain is a type of digital ledger technology where data is stored in the form of “blocks” that are strongly linked together through cryptography.
Trần Thiện Duyên, CEO of Techfarm Technology JSC, told Việt Nam News that "blockchain technology is more than just cryptocurrency; it is a revolutionary way of tracking transactions".
By reducing information asymmetries and transaction costs, blockchain can help businesses, especially small businesses, overcome long-standing challenges related to scale, opacity and lack of business history, according to Duyên.
“While still in its infancy, blockchain is being adopted for a number of business uses and will likely serve a wide array of...
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