Update: 15:31 | 14/08/2020
The Ministry of Information and Communications debuted the akaChain blockchain platform, as part of a programme introducing “Make in Vietnam” digital platforms on Thursday.
Deputy Minister of Information and Communications Nguyen Thanh Hung speaks at the ceremony on launching akaChain blockchain platform in Hanoi on Thursday.
It helps shorten the time spent on a number of tasks like electronic Know Your Customer (eKYC), credit scoring, customer loyalty programmes, and origin tracing.
In the future, it will be further developed for strengthened security and transparency.
At the event, Deputy Minister of Information and Communications Nguyen Thanh Hung said despite just being established in 2018, the platform has become popular.
He named a number of its successful users, including food group Masan Consumer, Baoviet Insurance, AIA Group, and VPBank.
Hùng called on digital firms to continue investing in the research and development of advanced technologies of the 4th Industrial Revolution, adding that it will help Vietnam catch up with latest developments in the world and complete its national digital transition.
The introduction of “Make in Vietnam” platforms is part of the national digital transition programme toward 2025 approved by the Prime Minister.