Vietnam requires a serious search for blockchain talent in the nation
- Vietnam is facing a deep shortage of blockchain talent.
- Members of the country’s blockchain industry are calling on the authorities to act on it.
- The US remains the hub for 40% of global blockchain activity.
The government of Vietnam should focus on the blockchain sector
Blockchain technology has gained momentum since the concept hit the mainstream. Today, many people think of a cryptocurrency when they hear the term, but it is much more than that. Global adoption is proof of the potential. Recently, members of Vietnam’s blockchain sector are calling on the country’s authorities to put more emphasis on this industry.
Pham Van Huy, CEO of MoonLabs, told a local newspaper that “The nation is facing a huge talent shortage. The government must turn its head to the sector to fill these gaps.” He added that “It is difficult to recruit human resources focused on this sector since the concept is new to the majority of the world’s population.”
Currently, the country lags behind programs to educate people about the concept, and there are no IT centers in the country either. Several governments around the world are exploring this technology to understand its applications in various sectors. Organizations such as Microsoft, Verizon, IBM and more are already using blockchain to improve their operations.
He also stressed that the government should initiate a plan to retain employees to bring back the experts who have left the country for a better future. Although it is difficult to attract them back to the country, the authorities and organizations can cooperate and offer mouth-watering packages.
According to Duc Trung, Vietnam may soon establish courses and training centers to improve blockchain education among people. They are not the only nation facing a shortage of industrial talent. Several countries, including China, the United States and more, are facing similar problems. People usually migrate to the places where they can use and earn money from their skills in an industry.
The technology has found its way into the mainstream and companies in the developed countries are already utilizing blockchain. Japan is still one of the first countries to use the technology. It started mining Bitcoin when the digital asset did not have the popularity it enjoys today. In April 2017, the Tokyo government announced that it was legalizing crypto-assets such as BTC to operate freely in the country.
Zug, a city in Switzerland, is considered the nation’s “Crypto Valley”, given that it has over 450 blockchain-based associations registered there. The United States remains the most important entity using the technology. From blockchain-based research associations to Bitcoin ATMs, the nation is home to over 40% activity in the sector.
If people can jog their memories to the 90s, the dot com bubble unexpectedly burst to create a whole new digital world we call the Internet today. Those lagging behind in blockchain education should arm themselves with the industry knowledge to prepare for a similar impact people felt in the 90s.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while graduating. A keen observer of detail, he shares his passion for writing alongside being a developer. His backend knowledge of blockchain helps him bring a unique perspective to his writing
