Speaking at a blockchain conference dubbed BUIDL VietNam 2022, experts pointed out that raising awareness about this cutting-edge technology through regulatory frameworks, successful applications, and education would heighten adoption.
Since blockchain technology is mainly explored in the area of finance, the experts noted that diversification was of the essence.
Nguyen Hoang Long, the CTO of blockchain platform Aura Network, stated:
“While blockchain is still an unfamiliar topic to many people, more and more will realize its real benefits and potential when there are more widespread successful applications of the technology.”
Long also proposed that universities should take up the mantle of educating students, even those in non-IT fields on decentralized systems, cryptocurrency, and blockchain because this would propel awareness. He added:
“Many Vietnamese businesses, universities and the government are looking into and testing out blockchain applications in many fields such as traceability and customer loyalty systems.”
Vietnam has been among the leading adopters of crypto in the world. Mai Duy Quang, a member of the Blockchain Association, pointed out:
“I think Vietnam has a chance to be a pioneer in blockchain technology.”
On the other hand, Nicole Nguyen, the ASEAN deputy chairwoman of the Global Impact Fintech Forum, stated that blockchain applications and programs needed to have more user-friendly interfaces for enhanced accessibility.
“The government should facilitate the development of blockchain programmes, and create regulatory frameworks for the technology. If the tech is acknowledged officially, more people will be more confident in investing in it.”
Meanwhile, the Vietnam Blockchain Association and crypto exchange Binance collaborated to enhance research and application of blockchain technology and human resource training in Vietnam, Blockchain.News reported.