choice for VN’s digital transformation
Two years ago, when Blockchain was mentioned, people thought of bitcoins or financial apps. However, technology has potential in many other areas of life, from education and healthcare to smart cities.
Vietnam is becoming a bright spot in the Blockchain industry with a diverse ecosystem and the latest trends.
Blockchain is a topic of private discussions among groups and on social networks, but also at national assembly meetings and economic and technological forums. This indicates that Blockchain is being recognized by the public and by decision makers.
The shortcomings of traditional management platforms are that they cannot achieve optimal efficiency compared to the resources used. That is why digital transformation is necessary.
Like other technologies such as AI (Artificial Intelligence), Big Data, Cloud and IoT (Internet of Things), Blockchain upgrades the work process and optimizes operational links, thereby helping businesses save resources, time and money.
The biggest advantages are autonomy, transparency and security, which creates trust among users. It is less dependent on centralized authorities as in traditional methods.
In telecom infrastructure, for example, when deploying 5G on a large scale, in frequency bids, network operators need a smart contract to automatically record transactions and calculations. Blockchain can do this in an economical and transparent way.
In education, Blockchain can ensure transparency about certificates and degrees.
In the healthcare sector, Blockchain can digitize medical records and medical histories.
Blockchain can also be useful in public administration and logistics.
The field that can use Blockchain at once and offer high benefits in Vietnam is human resources. HR companies and universities can jointly create Blockchain CVs after students graduate using semi-public Blockchain.
The parties write the information about students, such as degrees and activities during study and work, in the blockchain.
This method allows students to build reliable experiences to prove their abilities. Meanwhile, companies can easily look up candidates’ records, and there’s no need to worry about false information.
However, Blockchain technology has high costs and there is only a modest number of people with an understanding of Blockchain, which makes it difficult to deploy on a large scale. Blockchain is not a magic wand that can solve all problems.
Huy Nguyen (co-founder of KaidiaChan)
