Countries share experience in developing blockchain technology
Representatives from some foreign embassies in Hanoi shared their respective countries’ experience in developing blockchain technology at a workshop held in Hanoi on August 5.
An overview of the workshop (Source: daibieunhandan.vn)
Hanoi (VNA) – Representativesfrom some foreign embassies in Hanoi shared their respective countries’experience in developing blockchain technology at a workshop held in Hanoi onAugust 5.
The event was held by the National Assembly’sCommittee for External Relations and the Vietnam Blockchain Association with theintention of learning from international experience to complete the legal system,build institutions and policies towards creating a legal corridor fortechnology-related activities
Vice Chairman of the NA’s Committeefor External Relations Nguyen Manh Tien highlighted the great benefits from theuse of the blockchain technology, the enormous potential of the technology and itswide application in many fields.
Acting Deputy Ambassador of the US toVietnam Pamnella Devolder said the US’s policyencourages innovation and investment in blockchain.
She noted that digital money is one of the most popular applications ofblockchain, and the US government pays great attention to fighting moneylaundering, cyber terrorism and cyber fraud. To address those problems, the US hasissued regulations on the responsible development of digital assets, andprotection of consumers, investors and enterprises, thus ensuring financialstability and reducing risks.
Chargé d'Affaires a.i. at the Swiss EmbassyNicole Wyrsch highlighted principles in the management of this new technology,one of which is to ensure that the legal framework would not hindertechnological innovation activities.
Emphasising that the application ofblockchain is trans-national, Wyrsch said countries should enhance cooperationto reduce risks and counter all terrorism financing and money launderingactivities. She also noted the need for clear regulations on managing crypto-currency.
According to Vice Chairman of the NA’s Committee for External Relations Nguyen Manh Tien, the “playground” of blockchain needstimely orientation and guidance.
He noted that the 13th National Party Congress had laid emphasis ondigital transformation and digital economy, with the goal that the digitaleconomy would contribute 20% of the GDP by 2025 and 30% in 2030.
To realise the goal, Tien said experience indigitalisation from other countries and the contribution of enterprises areneeded for the building of the legal system regarding to this field./.
Vietnam is not only an exciting market for the application of Blockchain technology in the digital era, but also one of the leading countries in encouraging research and application of new technology in everyday life.
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An overview of the workshop (Source: daibieunhandan.vn) 
