Coin meme trend helps popularize blockchain

 Speakers at CTO Summit 2022 believe that it will be easier for users to learn and popularize new technologies such as blockchain through fun trends.



During the discussion session at CTO Summit 2022, organized by VnExpress on June 17 with the topic Vietnamese blockchain positioning, Lynn Hoang, Southeast Asia Director of Binance, said that many people still see blockchain as a super technology. , so it's time to raise the issue of "popularizing blockchain".

Responding to this, Mr. Tran Dinh, founder and CEO of AlphaTrue, member of the Board of Directors of the Vietnam Blockchain Association, said that in some respects, it is true that blockchain is still a sublime issue. However, if you look at the statistics of NFT ownership, the cryptocurrency adoption index, Vietnam is always in the top of the world.

"People have been talking about the true value of trends like meme coins lately, but I think it's these cryptocurrencies that make blockchain universalization simpler. There's nothing more exciting than learning about the technology. New technology through a fun trend can be profitable. That's the positive side of the meme coin in bringing blockchain to everyone," Dinh said.

Mr. Tran Dinh (left) and Mr. Le Minh Tuan in a discussion session at CTO Summit 2022. Photo: Quynh Tran
Mr. Tran Dinh (left) and Mr. Le Minh Tuan in a discussion session at CTO Summit 2022. Photo: Quynh Tran

When asked about how to bring blockchain to small and medium-sized businesses, Le Minh Tuan, co-founder and chairman of SotaTek, said that there are no barriers for small businesses to bring blockchain into the system. operation and business apart from cost and application are not much. He also suggested that small companies can join the blockchain network to save costs.

Meanwhile, Mr. Tran Dinh said that blockchain should not be seen as the golden key that can solve all problems of businesses. "Before asking the question of how to apply blockchain to an organization, we should ask why we need blockchain? And does blockchain really bring value when applied to operations," he said. .

According to experts, at a trial scale, businesses can start blockchain applications from very small issues such as bonus points, gifts for employees, and can use open source code to save maximum costs. , instead of having to build a new, complex and risky system.

Mr. Phan Duc Trung talks about the panorama of the blockchain market at CTO Summit 2022. Photo: Quynh Tran
Mr. Phan Duc Trung talks about the panorama of the blockchain market at CTO Summit 2022. Photo: Quynh Tran

Also in CTO Summit, Mr. Phan Duc Trung, Standing Vice President of Vietnam Blockchain Association, said that to properly understand the value of blockchain, it is necessary to break out of the definition of blockchain associated with cryptocurrency.

In fact, blockchain theories predate Bitcoin by many years. But only when Bitcoin was born, the existence of this technology was mentioned. “In the past, blockchain is best known for its important role in cryptocurrency systems, such as Bitcoin, to maintain a secure and decentralized record of transactions. Today, innovation with blockchain is the ensure the truthfulness and security of data records and create trust without the need for a trusted third party.As a result, the value of blockchain has far surpassed its application in the financial sector, gradually invading penetrate into many other corners of life", Mr. Trung affirmed.

According to Mr. Vu Anh Tu, CTO of FPT, blockchain creates an exciting wave of startups and innovation in the world and in Vietnam. In 2022 alone, the world invests more than 11 billion USD and blockchain technology and solutions continue to expand. Tu cited statistics showing that many major financial companies in the world are saving billions of dollars thanks to blockchain applications in organizational operation and business management.

Mr. Vu Anh Tu, FPT Technology Director. Photo: Quynh Tran
Mr. Vu Anh Tu, FPT Technology Director. Photo: Quynh Tran

"Not only startups, big technology companies like Amazon and Google are also researching, testing and creating extremely powerful stepping stones in the process of pioneering blockchain applications," Tu said.

Experts of CTO Summit 2022 repeatedly emphasized that blockchain is not just Bitcoin or cryptocurrency, this technology is the foundation that is being applied to 50 other fields. "At FPT, we are bringing blockchain into banking, education and entertainment applications. In the corporate sector, we are building Layer 1 and 2 blockchain platforms to help Vietnamese businesses build applications. application on the blockchain platform," said FPT's CTO.

Popular posts from this blog

Bitcoin miners standing in front of a fork in the road

A Healthy US Bitcoin Mining Industry Could Generate Significant Tax Revenue

Cooperation to remove blockchain difficulties in finance - banking