Organized by the Academy of Blockchain and AI Innovation (ABAII) and the Vietnam Blockchain Association (VBA), the event brought together passion, ideas, and inspiring stories from industry leaders, including Mr. Pham Manh Cuong, CEO of Wischain. With the presence of experts, investors, and students, the conference was more than just a discussion; it was a journey into the limitless possibilities of blockchain technology, creating new spaces for collaboration, innovation, and development.

Mr. Cuong also shared the challenges that Vietnamese businesses face when adopting this technology, particularly in the area of training high-quality human resources. According to him, the lack of skills and knowledge about blockchain is one of the biggest barriers to implementing blockchain solutions in Vietnam. However, he predicted that once the Digital Asset Law and Technology Business Law are officially enacted, it will trigger an explosion in talent and real-world applications of blockchain in everyday life.

Remarks from Other Speakers

The event featured not only Mr. Cuong but also many other speakers, each contributing valuable perspectives and experiences:

• Mr. Nguyen Van Tung, CEO of a well-known blockchain startup, shared his company’s experience in implementing blockchain solutions in the logistics sector. He emphasized that blockchain's transparency has significantly improved efficiency in tracking goods and reducing fraud.
• Ms. Tran Thi Hoa, an expert in decentralized finance (DeFi), highlighted the potential of DeFi to expand financial services to the people of Vietnam, particularly those who have not yet accessed traditional banking services. She believes DeFi can create opportunities for rural populations by providing simple and easily accessible financial solutions.
• Mr. Do Minh Tuan, a legal expert in information technology, offered recommendations on the need to establish a clear legal framework for blockchain in Vietnam. He stressed that such a framework would protect consumer rights and encourage businesses to invest in this technology.

Wischain and the Journey of Pioneering ZK Rollup Technology

Under the leadership of Mr. Pham Manh Cuong, Wischain is actively developing Wis Smart Chain - a cutting-edge platform pioneering ZK rollup technology with ZKSnark and multi-layered staking. This is the fastest technology among current ZK networks, meeting the demands of digital transformation and enhancing value for businesses. Additionally, Wischain is collaborating with various domestic and international partners to advance research and implement innovative solutions in the blockchain space.

Wischain is also aiming to pilot the issuance of Central Bank Digital Currency (CBDC) and tokenize real-world assets (RWA), such as VNDT, bonds, and stocks. This would create new, safer, and more transparent transaction methods for Vietnam’s economy.

The Need for a Legal Framework

As blockchain technology rapidly advances, establishing a clear and unified legal framework is essential. Many speakers at the event pointed out the need for government policies that support startups in the blockchain sector. Mr. Cuong urged regulatory authorities to swiftly implement legal regulations to protect the rights of users and businesses, while also encouraging investment in this technology.

New Trends in Blockchain

The ABAII Unitour #14 event featured lively discussions about the latest trends in blockchain. Experts touched on several key topics:

• Decentralized Finance (DeFi): DeFi is ushering in a new era in finance, enabling users to perform transactions without intermediaries. This not only reduces costs but also enhances security.
• Blockchain in Supply Chains: Blockchain is becoming a crucial tool in tracking products and ensuring transparency in supply chains. Several businesses have successfully applied blockchain to improve efficiency and reliability in their processes.
• AI and Blockchain: The combination of blockchain and AI is creating innovative applications, from automation to big data analysis, enabling businesses to make faster and more accurate decisions.
• Education and Training: Many speakers emphasized the importance of raising awareness and educating the community about blockchain, building a workforce capable of meeting the industry's growing demands.

The Future of Blockchain in Vietnam

According to Mr. Pham Manh Cuong, the future of blockchain in Vietnam is highly promising, especially as the digital economy takes shape. He believes that with the development of technologies like 5G, IoT, and AI, blockchain will become a vital foundation for many sectors, from finance and manufacturing to e-commerce.

ABAII Unitour #14 provided a valuable platform for exchanging knowledge and experiences, helping participants gain a deeper understanding of the potential and challenges of blockchain in Vietnam. Under the leadership of Mr. Pham Manh Cuong, along with the participation of many other experts, the event opened up numerous opportunities for businesses and individuals in this technology field.

This event was not only a chance to share and learn but also a significant step in building the blockchain community in Vietnam, contributing to fostering innovation and the development of the digital economy. Blockchain is not just a technological trend but an essential part of Vietnam's sustainable development journey in the future.