Accordingly, the “Blockchain for Vietnam” initiative is expected to last continuously for 2 years, from July 2025 to July 2027. This is part of Binance’s global mission to promote sustainable blockchain adoption.
The funding will focus on three strategic pillars: Promoting education and raising awareness about blockchain in the community; Increasing the application of blockchain technology in areas where Vietnam has competitive advantages such as agriculture and tourism; Providing scholarships to students with passion for technology nationwide, aiming to build blockchain human resources for the future.
Ms. Lynn Hoang, Country Director of Binance, said that investing more than 1 million USD in the “Blockchain for Vietnam” initiative demonstrates Binance’s long-term commitment to accompany Vietnam on its digital transformation journey. After the initial phase, Binance is ready to expand the initiative to increase its impact and make practical contributions to Vietnam’s digital economy in the coming years.
With a focus on education, Binance hopes to lay the foundation for the long-term growth of the blockchain ecosystem. Through Binance Academy, Binance experts have collaborated with more than 60 universities and colleges in 18 provinces and cities across the country to bring blockchain technology to classrooms.
In addition to popularizing knowledge, these programs also contribute to promoting the formation of a generation of developers, researchers and young human resources passionate about blockchain technology. From there, contributing to building the Vietnamese blockchain community to become increasingly strong and stable on the global technology map.
“We believe that blockchain is not just a technology, but the foundation for a more transparent, secure, and inclusive digital economy. With its growing technological potential and creative young workforce, Vietnam has all the conditions to become a leading blockchain hub in the region. Our goal is to jointly create a thriving blockchain ecosystem based on innovation, practical application, and legal compliance,” emphasized Lynn Hoang, Country Director of Binance.
Blockchain technology is an advanced database mechanism that enables transparent information sharing within a business network. Blockchain databases store data in blocks that are linked together in a chain. Data is chronologically consistent because information in the blockchain cannot be changed and can only be added with the consensus of all nodes in the system.
The system has built-in mechanisms to prevent unauthorized transaction entries. Even if a part of the blockchain system collapses, other computers and nodes will continue to operate to protect the information. The most famous application of blockchain is finance, cryptocurrency, but this technology is also bringing great economic potential in the entertainment industry, agriculture, logistics, education, healthcare, manufacturing...
Source: https://nhandan.vn/sang-kien-blockchain-for-vietnam-post894352.html
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