CZ: 'Vietnam is pioneering blockchain'

  Binance CEO Changpeng Zhao (CZ) highly appreciates the curiosity of Vietnamese people as well 

According to the founder of Binance, Vietnam is a country with a curious culture, many young people have a deep understanding of blockchain technology and create good products. "The potential of the Vietnamese blockchain industry is huge. You have many passionate and knowledgeable employees about technology. After interacting with the Vietnamese technology community, I see that you are very interested in innovation, many people are interested in new technology like blockchain. Vietnam is a potential market for Asia in the blockchain field," said CZ.

The Canadian billionaire admits that in any field, there are good people and bad guys participating in the market. Having a clear and transparent legal mechanism will be extremely important to limit bad projects, bring the market to work within the framework and comply with the law.

On the side of the Vietnamese regulatory agency, Mr. Ngo Duc Thang, Director of the Party-Government Cipher Department (Government Cipher Department) affirmed that blockchain is one of the digital technology fields on the list of priorities for research. , development and application for the fourth industrial revolution. "When it comes to digital transformation, it is essential to handle huge data in a digital environment. Therefore, blockchain will become a key technology to solve the challenges of big data, big data stories. in digital transformation", said Mr. Thang.

A representative of the Government Cipher Committee said that some provinces in Vietnam have applied blockchain in many fields. For example, Ho Chi Minh City uses blockchain in the fields of energy, transportation and urban development. Da Nang is applied in implementing digital transformation solutions, building smart cities, creating many jobs, bringing many conveniences to people...

"In the coming time, the Vietnamese government will continue to facilitate, encourage and promote businesses early to proactively accelerate the process of digital transformation, in which blockchain technology is the key", Mr. Thang affirmed. determined.

From the experience of observing countries around the world, the CEO of Binance believes that finance is not the biggest challenge for blockchain technology to be widely applied. "There are two big issues we always care about: compliance with government regulations and finding and training local human resources. We always look forward to contributing to the economy and expanding our operations in Vietnam. With the support of the government, at the same time, Binance is also committed to deeply participate in the field of training and investment for blockchain in Vietnam," said Binance CEO.
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