Ho Chi Minh City to host Blockchain Week

The 2018 Vietnam Blockchain Week will be held in HCM City in March to promote the potential of blockchain and 4.0 technologies.
Ho Chi Minh City to host Blockchain Week ảnh 1The 2018 Vietnam Blockchain Week will be held in HCM City on March 7 and 8 to promote the potential of blockchain and 4.0 technologies. (Photo: VNA)
  
HCM City (VNA) - The 2018 VietnamBlockchain Week will be held in HCM City in March to promote the potential ofblockchain and 4.0 technologies.

Organised by Infinity Blockchain Labs (IBL), theevent also aims to highlight Vietnam’s position as a global hub of 4.0technologies and advocate support from Vietnamese regulators to create afacilitating and nurturing environment for blockchain and 4.0 technologies.

The event expects to attract 1,500 participantsto demonstrate how blockchain is transforming the global economy and how Vietnamis poised to become the next global blockchain and 4.0 technologies hub.

By inviting only top tier speakers, thoughtleaders, business leaders and regulators from Vietnam and the world in variousrealms of blockchain and other 4.0 technologies such as AI, VR/AR, and theInternet of Things, the organisers hope to use the event to help the Vietnamesetech community position itself in the global market.

It will be held on March 7 and 8 at RiversidePalace in District 4.

The blockchain concept is one of the mosttransformative and game-changing ideas since the Internet.

It is a public transaction ledger built in anetwork structure based on cryptographic principles which removes the need forintermediaries while generating massive transactional applications to establishtrust, accountability and transparency at lower costs, with fewer legal constraintsand with less system friction.

Blockchain technology goes well beyondcryptocurrencies, fintech, public voting, data sharing networks, anddecentralised marketplaces and interacts with other cutting-edge technologiessuch as artificial intelligence, the Internet of Things and Big Data.

Blockchain is in fact heralded as the backboneof 4.0 technologies. Currently tech juggernauts such as IBM, Microsoft andGoogle and international banks are engaged in a blockchain research anddevelopment race on a global scale.

Thanks to its geopolitical stability and one ofthe world’s highest growth rates, Vietnam has gained a global reputation in theICT industry though still only as an outsourcing hub, according to IBL.

The inherent novelty, tremendous potential andrange of possibilities of blockchain and other 4.0 technologies willundoubtedly enable Vietnam to thrive, especially its ICT industry, it said.-VNA



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